Acumen Pharmaceuticals Correlations
| ABOS Stock | USD 1.24 0.04 3.33% |
The current 90-days correlation between Acumen Pharmaceuticals and X4 Pharmaceuticals is 0.34 (i.e., Weak diversification). The correlation of Acumen Pharmaceuticals 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Acumen Pharmaceuticals Correlation With Market
Modest diversification
The correlation between Acumen Pharmaceuticals 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 Acumen Pharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.
Acumen |
Moving together with Acumen Stock
| 0.81 | CDIOW | Cardio Diagnostics | PairCorr |
| 0.81 | ELVN | Enliven Therapeutics | PairCorr |
| 0.89 | SCLX | Scilex Holding | PairCorr |
| 0.89 | ASMB | Assembly Biosciences Earnings Call Tomorrow | PairCorr |
| 0.83 | CDIO | Cardio Diagnostics | PairCorr |
| 0.64 | CMND | Clearmind Medicine Common | PairCorr |
| 0.87 | CRNX | Crinetics Pharmaceuticals | PairCorr |
| 0.67 | CAT | Caterpillar | PairCorr |
| 0.89 | MSFT | Microsoft Aggressive Push | PairCorr |
Moving against Acumen Stock
| 0.9 | WM | Waste Management | PairCorr |
| 0.86 | LUCD | Lucid Diagnostics | PairCorr |
| 0.79 | GE | GE Aerospace | PairCorr |
| 0.63 | PLX | Protalix Biotherapeutics | PairCorr |
| 0.52 | PG | Procter Gamble | PairCorr |
| 0.93 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.9 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.79 | MMM | 3M Company | PairCorr |
| 0.77 | IBM | International Business | PairCorr |
| 0.71 | CVX | Chevron Corp | PairCorr |
| 0.67 | CSCO | Cisco Systems | PairCorr |
| 0.61 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.52 | INTC | Intel Sell-off Trend | PairCorr |
| 0.33 | DD | Dupont De Nemours | PairCorr |
Related Correlations Analysis
| 0.85 | 0.75 | 0.78 | 0.61 | 0.93 | 0.9 | TERN | ||
| 0.85 | 0.81 | 0.78 | 0.46 | 0.82 | 0.88 | XFOR | ||
| 0.75 | 0.81 | 0.94 | 0.24 | 0.59 | 0.74 | DAWN | ||
| 0.78 | 0.78 | 0.94 | 0.21 | 0.58 | 0.72 | HOOK | ||
| 0.61 | 0.46 | 0.24 | 0.21 | 0.66 | 0.57 | AMLX | ||
| 0.93 | 0.82 | 0.59 | 0.58 | 0.66 | 0.89 | INZY | ||
| 0.9 | 0.88 | 0.74 | 0.72 | 0.57 | 0.89 | MREO | ||
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Risk-Adjusted Indicators
There is a big difference between Acumen Stock performing well and Acumen Pharmaceuticals 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 Acumen Pharmaceuticals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TERN | 3.07 | (0.93) | 0.00 | (0.94) | 0.00 | 5.03 | 19.13 | |||
| XFOR | 6.28 | (0.68) | 0.00 | (2.46) | 0.00 | 10.87 | 68.45 | |||
| DAWN | 2.88 | (0.52) | 0.00 | (0.61) | 0.00 | 6.36 | 22.86 | |||
| HOOK | 3.63 | (0.76) | 0.00 | (8.73) | 0.00 | 7.00 | 32.80 | |||
| AMLX | 3.67 | 0.00 | 0.00 | (0.04) | 0.00 | 7.20 | 21.45 | |||
| INZY | 4.12 | (1.40) | 0.00 | (0.80) | 0.00 | 6.82 | 36.29 | |||
| MREO | 2.63 | (0.41) | 0.00 | (0.56) | 0.00 | 6.16 | 20.77 |