ACADIA Pharmaceuticals Correlations

ACAD Stock

USD 16.79 0.39 2.27%

The current 90-days correlation between ACADIA Pharmaceuticals and Viking Therapeutics is -0.15 (i.e., Good diversification). The correlation of ACADIA 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.

ACADIA Pharmaceuticals Correlation With Market

Good diversification

The correlation between ACADIA Pharmaceuticals and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ACADIA Pharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ACADIA Pharmaceuticals. 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 ACADIA Stock refer to our How to Trade ACADIA Stock guide.

Moving together with ACADIA Stock

0.74	WMT	Walmart	Pair Corr
0.73	CSCO	Cisco Systems	Pair Corr
0.79	JPM	JPMorgan Chase	Pair Corr
0.61	DD	Dupont De Nemours	Pair Corr

Moving against ACADIA Stock

0.39	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.34	CDIO	Cardio Diagnostics	Pair Corr
0.67	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	MDGL	VKTX	SRPT	HEPA	PTCT	RVPH	ATHA	FBIO	CABA	ICPT
MDGL		-0.46	-0.47	-0.63	0.64	-0.2	-0.48	-0.35	-0.24	0.0	MDGL
VKTX	-0.46		0.72	0.88	-0.65	0.49	0.8	0.71	0.56	0.0	VKTX
SRPT	-0.47	0.72		0.79	-0.86	0.74	0.87	0.58	0.71	0.0	SRPT
HEPA	-0.63	0.88	0.79		-0.79	0.53	0.82	0.72	0.57	0.0	HEPA
PTCT	0.64	-0.65	-0.86	-0.79		-0.69	-0.89	-0.6	-0.67	0.0	PTCT
RVPH	-0.2	0.49	0.74	0.53	-0.69		0.8	0.57	0.82	0.0	RVPH
ATHA	-0.48	0.8	0.87	0.82	-0.89	0.8		0.68	0.8	0.0	ATHA
FBIO	-0.35	0.71	0.58	0.72	-0.6	0.57	0.68		0.47	0.0	FBIO
CABA	-0.24	0.56	0.71	0.57	-0.67	0.82	0.8	0.47		0.0	CABA
ICPT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ICPT
	MDGL	VKTX	SRPT	HEPA	PTCT	RVPH	ATHA	FBIO	CABA	ICPT

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

HEPA	+ 0.88	VKTX
ATHA	+ 0.87	SRPT
ATHA	+ 0.82	HEPA
CABA	+ 0.82	RVPH
ATHA	+ 0.8	VKTX
ATHA	+ 0.8	RVPH

High negative correlations

ATHA	- 0.89	PTCT
PTCT	- 0.86	SRPT
PTCT	- 0.79	HEPA
RVPH	- 0.69	PTCT
CABA	- 0.67	PTCT
PTCT	- 0.65	VKTX

Risk-Adjusted Indicators

There is a big difference between ACADIA Stock performing well and ACADIA 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 ACADIA 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
MDGL	2.99	0.28	0.07	0.21	3.97	(2.99)	7.64	(5.66)	23.14
VKTX	3.70	(0.57)	0.00	(0.84)	0.00	0.00	8.39	(10.98)	24.65
SRPT	2.30	(0.63)	0.00	(0.50)	0.00	0.00	4.28	(5.18)	32.12
HEPA	9.83	(3.90)	0.00	(7.20)	0.00	0.00	16.37	(31.39)	90.05
PTCT	1.82	0.30	0.14	0.26	1.93	(2.03)	4.33	(3.32)	13.60
RVPH	4.93	(0.69)	0.00	(0.22)	0.00	0.00	11.05	(10.67)	39.67
ATHA	3.68	(0.68)	0.00	(0.95)	0.00	0.00	6.45	(8.33)	21.64
FBIO	2.62	(0.04)	0.00	(0.30)	0.00	0.00	5.19	(4.87)	22.19
CABA	4.31	(0.56)	0.00	(1.90)	0.00	0.00	8.87	(10.34)	26.78
ICPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

ACADIA Pharmaceuticals Corporate Management

Parag PharmD	Senior Franchise	Profile
Bob Mischler	Senior Strategy	Profile
Douglas MD	Executive Development	Profile
James Kihara	Senior Finance	Profile
Rob Ackles	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