Verastem Correlations

VSTM Stock

USD 6.03 0.21 3.61%

The current 90-days correlation between Verastem and Viking Therapeutics is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Verastem moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Verastem moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Verastem Correlation With Market

Good diversification

The correlation between Verastem and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Verastem 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 Verastem. 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.

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

Moving against Verastem Stock

0.33	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.31	KRYS	Krystal Biotech	Pair Corr
0.65	SGMO	Sangamo Therapeutics	Pair Corr
0.4	AMLX	Amylyx Pharmaceuticals	Pair Corr
0.38	STOK	Stoke Therapeutics	Pair Corr
0.34	AFMD	Affimed NV	Pair Corr
0.34	AGIO	Agios Pharm	Pair Corr
0.34	CRVS	Corvus Pharmaceuticals	Pair Corr
0.31	TERN	Terns Pharmaceuticals Downward Rally	Pair Corr
0.31	DAWN	Day One Biopharmaceu	Pair Corr

Related Correlations Analysis

	VKTX	TRVN	KPTI	ACRX	INFI
VKTX		0.0	0.48	-0.84	0.0	VKTX
TRVN	0.0		0.0	0.0	0.0	TRVN
KPTI	0.48	0.0		-0.61	0.0	KPTI
ACRX	-0.84	0.0	-0.61		0.0	ACRX
INFI	0.0	0.0	0.0	0.0		INFI
	VKTX	TRVN	KPTI	ACRX	INFI

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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

KPTI	+ 0.48	VKTX
TRVN	+ 0.0	VKTX
INFI	+ 0.0	VKTX
KPTI	+ 0.0	TRVN
ACRX	+ 0.0	TRVN
INFI	+ 0.0	TRVN

High negative correlations

ACRX	- 0.84	VKTX
ACRX	- 0.61	KPTI
INFI	- 0.0	ACRX
INFI	- 0.0	KPTI
INFI	- 0.0	TRVN
ACRX	- 0.0	TRVN

Risk-Adjusted Indicators

There is a big difference between Verastem Stock performing well and Verastem 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 Verastem'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
VKTX	3.42	(0.84)	0.00	(0.83)	0.00	0.00	4.89	(9.14)	39.28
TRVN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KPTI	3.49	(0.51)	0.00	0.80	0.00	0.00	8.97	(6.94)	26.35
ACRX	4.72	0.61	0.10	(0.66)	4.26	(6.79)	13.85	(8.26)	29.52
INFI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Verastem Corporate Management

Jonathan Pachter	Chief Officer	Profile
Michael Crowther	Chief Officer	Profile
Sean Flynn	Gen VP	Profile
MD MSc	Head Strategy	Profile
Robert Weinberg	CoFounder Board	Profile
Daniel Calkins	Interim Officer	Profile

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