Zai Lab Correlations

Zai Lab Correlation With Market

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zai Lab. 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. For information on how to trade Zai Stock refer to our How to Trade Zai Stock guide.

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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    CGEM + 0.91 CCCC KRYS + 0.8 ERAS KRYS + 0.75 LEGN LEGN + 0.73 CGEM ROIV + 0.72 ERAS CGEM + 0.71 ERAS

High negative correlations    ASND - 0.54 ALNY ASND - 0.5 LEGN ASND - 0.41 CCCC ASND - 0.39 CGEM ASND - 0.32 SGEN KRYS - 0.25 ASND

Risk-Adjusted Indicators

There is a big difference between Zai Stock performing well and Zai Lab 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 Zai Lab'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.