Vir Biotechnology Correlations

VIR Stock

USD 7.12 0.17 2.45%

The current 90-days correlation between Vir Biotechnology and CureVac NV is 0.3 (i.e., Weak diversification). The correlation of Vir Biotechnology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Vir Biotechnology Correlation With Market

Very weak diversification

The correlation between Vir Biotechnology and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vir Biotechnology and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vir Biotechnology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Vir Stock, please use our How to Invest in Vir Biotechnology guide.

Moving together with Vir Stock

0.61

MDGL

Madrigal Pharmaceuticals

Pair Corr

Moving against Vir Stock

0.57	PG	Procter Gamble	Pair Corr
0.39	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.33	HYMTF	Hyundai Motor	Pair Corr
0.32	WF	Woori Financial Group	Pair Corr
0.32	TLK	Telkom Indonesia Tbk	Pair Corr
0.32	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	CVAC	RETA	KRYS	PPCB	ISEE	BPMC	AMLX	KRTX	DAWN	VKTX
CVAC		-0.56	0.6	0.4	-0.58	-0.02	-0.69	-0.08	-0.11	0.31	CVAC
RETA	-0.56		0.14	0.03	0.0	0.46	0.46	-0.48	0.16	-0.47	RETA
KRYS	0.6	0.14		0.55	-0.69	0.37	-0.38	-0.57	0.05	-0.05	KRYS
PPCB	0.4	0.03	0.55		-0.68	0.06	-0.4	-0.36	0.04	-0.04	PPCB
ISEE	-0.58	0.0	-0.69	-0.68		-0.01	0.75	0.53	0.27	0.1	ISEE
BPMC	-0.02	0.46	0.37	0.06	-0.01		0.29	-0.6	0.32	-0.26	BPMC
AMLX	-0.69	0.46	-0.38	-0.4	0.75	0.29		0.11	0.56	0.1	AMLX
KRTX	-0.08	-0.48	-0.57	-0.36	0.53	-0.6	0.11		0.16	0.41	KRTX
DAWN	-0.11	0.16	0.05	0.04	0.27	0.32	0.56	0.16		0.41	DAWN
VKTX	0.31	-0.47	-0.05	-0.04	0.1	-0.26	0.1	0.41	0.41		VKTX
	CVAC	RETA	KRYS	PPCB	ISEE	BPMC	AMLX	KRTX	DAWN	VKTX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AMLX	+ 0.75	ISEE
KRYS	+ 0.6	CVAC
DAWN	+ 0.56	AMLX
PPCB	+ 0.55	KRYS
KRTX	+ 0.53	ISEE
BPMC	+ 0.46	RETA

High negative correlations

ISEE	- 0.69	KRYS
AMLX	- 0.69	CVAC
ISEE	- 0.68	PPCB
KRTX	- 0.6	BPMC
ISEE	- 0.58	CVAC
KRTX	- 0.57	KRYS

Risk-Adjusted Indicators

There is a big difference between Vir Stock performing well and Vir Biotechnology Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Vir Biotechnology's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CVAC	2.34	(0.38)	0.00	(0.20)	0.00	0.00	4.45	(4.51)	16.27
RETA	2.22	0.21	0.02	(1.50)	3.31	(2.35)	5.24	(3.51)	28.80
KRYS	1.82	(0.22)	0.00	(0.02)	0.00	0.00	4.45	(3.75)	12.05
PPCB	8.09	0.37	0.01	(0.73)	10.58	(30.00)	33.33	(25.00)	58.33
ISEE	1.24	0.63	0.43	4.57	0.25	(1.44)	2.45	(1.52)	18.29
BPMC	1.84	(0.12)	(0.03)	0.03	2.61	(1.73)	4.90	(3.62)	14.28
AMLX	4.24	1.32	0.27	1.26	4.02	(4.93)	10.06	(6.13)	33.56
KRTX	1.44	0.08	(0.04)	(0.15)	1.67	(1.46)	3.38	(2.71)	10.01
DAWN	2.10	(0.08)	(0.03)	0.03	2.72	(2.01)	3.84	(3.69)	11.44
VKTX	3.51	(0.37)	0.00	(0.13)	0.00	0.00	6.24	(8.05)	34.61

Vir Biotechnology Corporate Management

Vanina JD	General VP	Profile
Klaus Frueh	CoFounder Advisor	Profile
Lawrence MD	CoFounder Advisor	Profile
Johanna FriedlNaderer	Ex COO	Profile
George Scangos	CEO Pres	Profile
Louis MD	CoFounder Advisor	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC