Y MAbs Correlations

YMAB Stock

USD 6.19 0.04 0.65%

The current 90-days correlation between Y mAbs Therapeutics and Black Diamond Therapeutics is 0.32 (i.e., Weak diversification). The correlation of Y MAbs 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.

Y MAbs Correlation With Market

Modest diversification

The correlation between Y mAbs Therapeutics and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Y mAbs Therapeutics and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Y mAbs Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with YMAB Stock

0.76	MBIO	Mustang Bio	Pair Corr
0.76	MBRX	Moleculin Biotech	Pair Corr
0.77	MGNX	MacroGenics	Pair Corr
0.84	DNLI	Denali Therapeutics	Pair Corr
0.79	DNTH	Dianthus Therapeutics	Pair Corr
0.84	VERA	Vera Therapeutics	Pair Corr
0.78	DRUG	Bright Minds Biosciences	Pair Corr
0.82	MLYS	Mineralys Therapeutics,	Pair Corr
0.81	DTIL	Precision BioSciences	Pair Corr
0.86	MNKD	MannKind Corp	Pair Corr

Moving against YMAB Stock

0.73	DMAC	DiaMedica Therapeutics	Pair Corr
0.68	MESO	Mesoblast	Pair Corr
0.68	VCEL	Vericel Corp Ord	Pair Corr
0.53	MDXG	MiMedx Group	Pair Corr
0.48	MDWD	Mediwound	Pair Corr
0.34	MCRB	Seres Therapeutics	Pair Corr
0.88	DRTS	Alpha Tau Medical	Pair Corr
0.77	MNPR	Monopar Therapeutics	Pair Corr
0.61	VCYT	Veracyte	Pair Corr
0.53	MIST	Milestone Pharmaceuticals	Pair Corr
0.51	SABSW	SAB Biotherapeutics	Pair Corr
0.5	CDIOW	Cardio Diagnostics	Pair Corr
0.44	MIRM	Mirum Pharmaceuticals	Pair Corr
0.44	VCNX	Vaccinex	Pair Corr

Related Correlations Analysis

	TCRR	RVMD	BDTX	BCEL	PASG	BLUE	MRSN	ZNTL	TVTX	GBIO
TCRR		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TCRR
RVMD	0.0		0.74	0.0	-0.02	-0.23	0.76	0.76	-0.16	0.86	RVMD
BDTX	0.0	0.74		0.0	-0.07	-0.12	0.52	0.53	0.08	0.87	BDTX
BCEL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	BCEL
PASG	0.0	-0.02	-0.07	0.0		0.32	0.3	0.32	0.11	0.03	PASG
BLUE	0.0	-0.23	-0.12	0.0	0.32		-0.04	0.08	0.1	-0.01	BLUE
MRSN	0.0	0.76	0.52	0.0	0.3	-0.04		0.88	-0.33	0.7	MRSN
ZNTL	0.0	0.76	0.53	0.0	0.32	0.08	0.88		-0.39	0.79	ZNTL
TVTX	0.0	-0.16	0.08	0.0	0.11	0.1	-0.33	-0.39		-0.19	TVTX
GBIO	0.0	0.86	0.87	0.0	0.03	-0.01	0.7	0.79	-0.19		GBIO
	TCRR	RVMD	BDTX	BCEL	PASG	BLUE	MRSN	ZNTL	TVTX	GBIO

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

ZNTL	+ 0.88	MRSN
GBIO	+ 0.87	BDTX
GBIO	+ 0.86	RVMD
GBIO	+ 0.79	ZNTL
MRSN	+ 0.76	RVMD
ZNTL	+ 0.76	RVMD

High negative correlations

TVTX	- 0.39	ZNTL
TVTX	- 0.33	MRSN
BLUE	- 0.23	RVMD
GBIO	- 0.19	TVTX
TVTX	- 0.16	RVMD
BLUE	- 0.12	BDTX

Risk-Adjusted Indicators

There is a big difference between YMAB Stock performing well and Y MAbs 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 Y MAbs' 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
TCRR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RVMD	1.83	(0.48)	0.00	(0.50)	0.00	0.00	2.27	(5.94)	15.16
BDTX	3.46	(0.26)	0.00	(0.20)	0.00	0.00	5.02	(6.40)	25.91
BCEL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PASG	7.09	0.36	0.06	0.23	7.02	(9.86)	20.97	(11.88)	84.39
BLUE	7.80	0.50	0.06	0.29	9.20	(10.07)	14.85	(13.08)	145.15
MRSN	6.61	(1.51)	0.00	(0.38)	0.00	0.00	9.24	(13.89)	64.16
ZNTL	4.57	(1.28)	0.00	(0.82)	0.00	0.00	8.00	(12.15)	32.39
TVTX	2.46	0.29	0.08	3.23	2.27	(3.65)	5.93	(4.12)	20.58
GBIO	3.73	(1.75)	0.00	(0.58)	0.00	0.00	6.29	(8.33)	22.69

Y MAbs Corporate Management

MBBS MBA	Senior Officer	Profile
Sue Smith	VP Officer	Profile
Doug Gentilcore	Senior Unit	Profile
FACNP FACP	Chief Officer	Profile
Courtney Dugan	Vice Relations	Profile
Susan Smith	Senior Officer	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