Y MAbs Correlations

YMAB Stock

USD 11.88 1.11 10.31%

The current 90-days correlation between Y mAbs Therapeutics and Mersana Therapeutics is 0.45 (i.e., Very 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 0.26 (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 signals in nation.

Moving together with YMAB Stock

0.73	ABBV	AbbVie Inc	Pair Corr
0.7	AMGN	Amgen Inc	Pair Corr
0.67	TEVA	Teva Pharma Industries Sell-off Trend	Pair Corr

Moving against YMAB Stock

0.55	VTRS	Viatris	Pair Corr
0.41	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.32	ESPR	Esperion Therapeutics	Pair Corr
0.5	DXCM	DexCom Inc	Pair Corr
0.47	BSX	Boston Scientific Corp	Pair Corr
0.37	MNMD	Mind Medicine	Pair Corr

Related Correlations Analysis

	TCRR	RVMD	BDTX	BCEL	PASG	BLUE	MRSN	ZNTL	TVTX	GBIO
TCRR		0.71	-0.68	-0.08	-0.52	-0.56	0.56	0.0	0.73	-0.39	TCRR
RVMD	0.71		-0.8	-0.11	-0.55	-0.84	0.72	0.14	0.8	-0.69	RVMD
BDTX	-0.68	-0.8		-0.23	0.76	0.8	-0.64	0.1	-0.91	0.65	BDTX
BCEL	-0.08	-0.11	-0.23		-0.13	-0.02	0.18	0.03	0.27	0.02	BCEL
PASG	-0.52	-0.55	0.76	-0.13		0.67	-0.39	0.23	-0.6	0.58	PASG
BLUE	-0.56	-0.84	0.8	-0.02	0.67		-0.65	-0.18	-0.73	0.81	BLUE
MRSN	0.56	0.72	-0.64	0.18	-0.39	-0.65		0.4	0.77	-0.32	MRSN
ZNTL	0.0	0.14	0.1	0.03	0.23	-0.18	0.4		0.03	0.17	ZNTL
TVTX	0.73	0.8	-0.91	0.27	-0.6	-0.73	0.77	0.03		-0.52	TVTX
GBIO	-0.39	-0.69	0.65	0.02	0.58	0.81	-0.32	0.17	-0.52		GBIO
	TCRR	RVMD	BDTX	BCEL	PASG	BLUE	MRSN	ZNTL	TVTX	GBIO

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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

GBIO	+ 0.81	BLUE
TVTX	+ 0.8	RVMD
BLUE	+ 0.8	BDTX
TVTX	+ 0.77	MRSN
PASG	+ 0.76	BDTX
TVTX	+ 0.73	TCRR

High negative correlations

TVTX	- 0.91	BDTX
BLUE	- 0.84	RVMD
BDTX	- 0.8	RVMD
TVTX	- 0.73	BLUE
GBIO	- 0.69	RVMD
BDTX	- 0.68	TCRR

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	3.16	0.57	0.07	(0.22)	3.26	(4.40)	5.77	(6.25)	43.60
RVMD	2.00	0.34	0.15	0.41	2.02	(2.17)	4.81	(3.24)	10.95
BDTX	3.53	(1.50)	0.00	(0.59)	0.00	0.00	5.47	(8.30)	19.51
BCEL	3.90	0.26	0.01	(0.38)	5.00	(4.64)	7.53	(9.65)	23.80
PASG	5.09	(0.25)	(0.01)	0.02	5.96	(5.86)	10.00	(10.45)	25.50
BLUE	3.88	(0.86)	0.00	(0.34)	0.00	0.00	7.02	(9.62)	23.25
MRSN	4.85	0.24	0.10	0.18	5.09	(5.88)	12.03	(9.72)	32.25
ZNTL	4.20	0.11	0.06	0.16	5.06	(4.50)	11.41	(8.64)	33.76
TVTX	3.12	1.05	0.41	0.98	1.95	(4.30)	11.58	(4.13)	23.97
GBIO	4.07	(1.20)	0.00	(0.23)	0.00	0.00	9.35	(8.20)	25.48

Y MAbs Corporate Management

Courtney Dugan	Vice Relations	Profile
Susan Smith	Senior Officer	Profile
MBBS MBA	Senior Officer	Profile
Torben MSc	VP Operations	Profile
Sue Smith	VP Officer	Profile

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