Viking Therapeutics Correlations

VKTX Stock

USD 33.43 0.89 2.59%

The current 90-days correlation between Viking Therapeutics and Akero Therapeutics is 0.04 (i.e., Significant diversification). The correlation of Viking Therapeutics 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.

Viking Therapeutics Correlation With Market

Average diversification

The correlation between Viking Therapeutics and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Viking Therapeutics 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 Viking Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Viking Stock please use our How to Invest in Viking Therapeutics guide.

Moving together with Viking Stock

0.82	JNJ	Johnson Johnson	Pair Corr
0.66	LLY	Eli Lilly Earnings Call This Week	Pair Corr
0.91	INZY	Inozyme Pharma	Pair Corr
0.67	KRYS	Krystal Biotech	Pair Corr
0.65	LPTX	Leap Therapeutics	Pair Corr
0.88	MREO	Mereo BioPharma Group	Pair Corr
0.86	NKTX	Nkarta Inc	Pair Corr
0.96	PDSB	PDS Biotechnology Corp	Pair Corr
0.73	PLRX	Pliant Therapeutics	Pair Corr
0.68	ABBV	AbbVie Inc Earnings Call Tomorrow	Pair Corr
0.95	ABOS	Acumen Pharmaceuticals	Pair Corr
0.81	ADAP	Adaptimmune Therapeutics	Pair Corr
0.89	AFMD	Affimed NV	Pair Corr
0.86	AMGN	Amgen Inc Earnings Call This Week	Pair Corr
0.83	AMLX	Amylyx Pharmaceuticals	Pair Corr
0.75	APTO	Aptose Biosciences	Pair Corr
0.67	STOK	Stoke Therapeutics	Pair Corr
0.79	BDTX	Black Diamond Therap	Pair Corr
0.81	TERN	Terns Pharmaceuticals Downward Rally	Pair Corr
0.78	CRVS	Corvus Pharmaceuticals	Pair Corr
0.86	DAWN	Day One Biopharmaceu	Pair Corr
0.9	ACET	Adicet Bio	Pair Corr
0.81	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.71	WF	Woori Financial Group Earnings Call This Week	Pair Corr

Moving against Viking Stock

0.67	MLAB	Mesa Laboratories Earnings Call This Week	Pair Corr
0.6	BMY	Bristol Myers Squibb Earnings Call This Week	Pair Corr
0.4	GILD	Gilead Sciences Earnings Call This Week	Pair Corr
0.34	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.51	BPMC	Blueprint Medicines Corp	Pair Corr
0.41	PTCT	PTC Therapeutics	Pair Corr
0.92	FNMFO	Federal National Mortgage	Pair Corr
0.71	MNPR	Monopar Therapeutics	Pair Corr
0.69	AVAL	Grupo Aval	Pair Corr
0.54	TGNA	Tegna Inc	Pair Corr
0.51	CIB	Bancolombia SA ADR Trending	Pair Corr
0.33	DNOW	Now Inc	Pair Corr

Related Correlations Analysis

	ICPT	TERN	AKRO	RETA	MDGL	SRPT	HEPA	PTCT	AXSM	IMGN
ICPT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ICPT
TERN	0.0		0.03	-0.35	-0.11	0.37	0.74	-0.02	0.05	0.0	TERN
AKRO	0.0	0.03		0.06	0.2	-0.06	-0.21	0.06	0.39	0.0	AKRO
RETA	0.0	-0.35	0.06		-0.1	0.14	-0.62	0.02	-0.01	0.0	RETA
MDGL	0.0	-0.11	0.2	-0.1		-0.26	-0.18	0.36	-0.34	0.0	MDGL
SRPT	0.0	0.37	-0.06	0.14	-0.26		0.22	0.32	0.07	0.0	SRPT
HEPA	0.0	0.74	-0.21	-0.62	-0.18	0.22		-0.26	-0.1	0.0	HEPA
PTCT	0.0	-0.02	0.06	0.02	0.36	0.32	-0.26		0.05	0.0	PTCT
AXSM	0.0	0.05	0.39	-0.01	-0.34	0.07	-0.1	0.05		0.0	AXSM
IMGN	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		IMGN
	ICPT	TERN	AKRO	RETA	MDGL	SRPT	HEPA	PTCT	AXSM	IMGN

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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

HEPA	+ 0.74	TERN
AXSM	+ 0.39	AKRO
SRPT	+ 0.37	TERN
PTCT	+ 0.36	MDGL
PTCT	+ 0.32	SRPT
HEPA	+ 0.22	SRPT

High negative correlations

HEPA	- 0.62	RETA
RETA	- 0.35	TERN
AXSM	- 0.34	MDGL
PTCT	- 0.26	HEPA
SRPT	- 0.26	MDGL
HEPA	- 0.21	AKRO

Risk-Adjusted Indicators

There is a big difference between Viking Stock performing well and Viking Therapeutics 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 Viking Therapeutics' 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
ICPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TERN	3.11	(0.76)	0.00	(0.83)	0.00	0.00	5.17	(6.75)	26.61
AKRO	4.56	1.34	0.41	0.97	2.61	(6.03)	6.80	(5.05)	97.98
RETA	2.22	0.22	0.03	(0.58)	3.31	(2.35)	5.24	(3.51)	28.80
MDGL	3.20	0.77	0.20	0.99	3.02	(3.65)	5.74	(5.25)	33.61
SRPT	1.84	(0.19)	0.00	(0.30)	0.00	0.00	3.38	(4.19)	18.92
HEPA	6.86	(1.09)	0.00	(7.92)	0.00	0.00	12.31	(10.53)	86.86
PTCT	2.35	0.10	0.03	0.23	2.46	(2.83)	5.65	(4.33)	23.75
AXSM	2.30	0.26	0.12	0.42	1.91	(3.45)	6.33	(4.17)	16.75
IMGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Viking Therapeutics Corporate Management

CPA CPA	Chief Officer	Profile
Michael Morneau	Vice Administration	Profile
Marianne Mancini	Chief Officer	Profile
Geoffrey Barker	Senior Development	Profile

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