WuXi Biologics Correlations

WXIBF Stock

USD 1.86 0.00 0.00%

The current 90-days correlation between WuXi Biologics and Therapeutic Solutions International is -0.09 (i.e., Good diversification). The correlation of WuXi Biologics 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.

WuXi Biologics Correlation With Market

Significant diversification

The correlation between WuXi Biologics and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WuXi Biologics and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to WuXi Biologics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WuXi Biologics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WuXi Biologics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WuXi Biologics to buy it.

Moving together with WuXi Pink Sheet

0.64	NVDA	NVIDIA	Pair Corr
0.84	META	Meta Platforms Aggressive Push	Pair Corr
0.62	MET	MetLife Sell-off Trend	Pair Corr
0.76	JXN-PA	Jackson Financial	Pair Corr
0.76	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.66	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.7	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.67	HD	Home Depot	Pair Corr

Moving against WuXi Pink Sheet

0.61	NVO	Novo Nordisk AS	Pair Corr
0.6	NONOF	Novo Nordisk AS	Pair Corr
0.56	SGEN	Seagen Inc	Pair Corr
0.51	QSAM	Qsam Biosciences	Pair Corr
0.45	REGN	Regeneron Pharmaceuticals	Pair Corr
0.51	PG	Procter Gamble Sell-off Trend	Pair Corr
0.47	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.39	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.32	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Related Correlations Analysis

	TSOI	ACOGF	RGBP	VGLS	ADAG	MRZM	MYMX	PKTX
TSOI		0.04	0.0	0.05	0.14	-0.02	0.0	0.25	TSOI
ACOGF	0.04		0.38	0.19	0.25	0.23	0.0	0.24	ACOGF
RGBP	0.0	0.38		-0.11	0.31	0.26	0.0	0.18	RGBP
VGLS	0.05	0.19	-0.11		-0.15	0.09	0.0	-0.22	VGLS
ADAG	0.14	0.25	0.31	-0.15		0.09	0.0	0.35	ADAG
MRZM	-0.02	0.23	0.26	0.09	0.09		0.0	0.03	MRZM
MYMX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	MYMX
PKTX	0.25	0.24	0.18	-0.22	0.35	0.03	0.0		PKTX
	TSOI	ACOGF	RGBP	VGLS	ADAG	MRZM	MYMX	PKTX

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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

RGBP	+ 0.38	ACOGF
PKTX	+ 0.35	ADAG
ADAG	+ 0.31	RGBP
MRZM	+ 0.26	RGBP
PKTX	+ 0.25	TSOI
ADAG	+ 0.25	ACOGF

High negative correlations

PKTX	- 0.22	VGLS
ADAG	- 0.15	VGLS
VGLS	- 0.11	RGBP
MRZM	- 0.02	TSOI
PKTX	- 0.0	MYMX
MYMX	- 0.0	MRZM

Risk-Adjusted Indicators

There is a big difference between WuXi Pink Sheet performing well and WuXi Biologics 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 WuXi Biologics' 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
TSOI	6.90	(0.10)	(0.01)	0.02	7.83	(16.28)	16.67	(14.29)	50.79
ACOGF	1,977	1,368	52.95	(0.35)	0.00	(2,460)	19.30	(16.18)	66,274
RGBP	22.96	3.81	0.14	(5.67)	21.38	(36.33)	100.00	(47.83)	196.39
VGLS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ADAG	4.38	(0.15)	0.00	(0.54)	0.00	0.00	8.13	(9.52)	37.93
MRZM	9.89	3.01	0.07	(0.72)	9.63	(56.94)	50.00	(20.00)	128.57
MYMX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PKTX	9.39	0.19	0.03	0.19	11.35	(14.06)	25.00	(18.71)	84.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in WuXi Biologics without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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WuXi Biologics Corporate Management

He Wang	VP Officer	Profile
Ming Tu	CFO VP	Profile
Li Xiong	VP HR	Profile
Jijie Gu	Ex Officer	Profile

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