Viking Therapeutics Correlations

VKTX Stock

USD 52.59 0.96 1.86%

The current 90-days correlation between Viking Therapeutics and Reata Pharmaceuticals is -0.13 (i.e., Good 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

Modest diversification

The correlation between Viking Therapeutics and DJI is 0.22 (i.e., Modest 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 against Viking Stock

0.48	RNXT	RenovoRx	Pair Corr
0.33	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.36	PG	Procter Gamble	Pair Corr
0.32	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Related Correlations Analysis

	ICPT	TERN	AKRO	RETA	MDGL	SRPT	HEPA	PTCT	AXSM	IMGN
ICPT		0.43	-0.66	-0.03	-0.12	0.67	0.67	-0.68	-0.03	-0.81	ICPT
TERN	0.43		-0.56	-0.58	-0.44	0.34	0.15	-0.64	-0.11	-0.38	TERN
AKRO	-0.66	-0.56		0.36	0.6	-0.42	-0.49	0.85	0.14	0.7	AKRO
RETA	-0.03	-0.58	0.36		0.7	-0.32	0.03	0.32	0.3	0.19	RETA
MDGL	-0.12	-0.44	0.6	0.7		-0.42	-0.1	0.52	0.4	0.24	MDGL
SRPT	0.67	0.34	-0.42	-0.32	-0.42		0.55	-0.49	-0.35	-0.69	SRPT
HEPA	0.67	0.15	-0.49	0.03	-0.1	0.55		-0.5	0.17	-0.65	HEPA
PTCT	-0.68	-0.64	0.85	0.32	0.52	-0.49	-0.5		0.15	0.72	PTCT
AXSM	-0.03	-0.11	0.14	0.3	0.4	-0.35	0.17	0.15		0.21	AXSM
IMGN	-0.81	-0.38	0.7	0.19	0.24	-0.69	-0.65	0.72	0.21		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

PTCT	+ 0.85	AKRO
IMGN	+ 0.72	PTCT
IMGN	+ 0.7	AKRO
MDGL	+ 0.7	RETA
SRPT	+ 0.67	ICPT
HEPA	+ 0.67	ICPT

High negative correlations

IMGN	- 0.81	ICPT
IMGN	- 0.69	SRPT
PTCT	- 0.68	ICPT
AKRO	- 0.66	ICPT
IMGN	- 0.65	HEPA
PTCT	- 0.64	TERN

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	2.96	(0.77)	0.00	8.23	0.00	0.00	5.23	(8.32)	38.17
TERN	3.37	(0.50)	0.00	(0.29)	0.00	0.00	5.68	(5.96)	34.09
AKRO	2.39	0.13	0.09	0.18	2.66	(2.51)	5.23	(4.45)	13.37
RETA	2.22	0.21	0.02	(1.50)	3.31	(2.35)	5.24	(3.51)	28.80
MDGL	2.68	0.54	0.19	1.52	2.09	(3.60)	5.17	(3.96)	30.27
SRPT	1.37	(0.41)	0.00	(0.40)	0.00	0.00	2.37	(3.10)	9.65
HEPA	3.82	(0.35)	0.00	(0.15)	0.00	0.00	8.06	(8.11)	33.54
PTCT	2.29	0.25	0.11	0.28	2.43	(2.66)	5.65	(4.33)	23.95
AXSM	1.72	0.13	0.04	0.32	1.89	(2.05)	4.10	(3.78)	13.67
IMGN	5.45	3.62	1.07	(0.59)	1.44	(6.91)	8.32	(4.16)	141.41

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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