AC Immune Correlations

ACIU Stock

USD 3.36 0.04 1.18%

The current 90-days correlation between AC Immune and Eliem Therapeutics is 0.19 (i.e., Average diversification). The correlation of AC Immune 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.

AC Immune Correlation With Market

Average diversification

The correlation between AC Immune and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AC Immune 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 AC Immune. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy ACIU Stock please use our How to Invest in AC Immune guide.

Moving against ACIU Stock

0.65	PLRX	Pliant Therapeutics	Pair Corr
0.52	LPTX	Leap Therapeutics	Pair Corr
0.49	PMVP	Pmv Pharmaceuticals	Pair Corr
0.43	PHVS	Pharvaris BV	Pair Corr
0.34	ESLAW	Estrella Immunopharma	Pair Corr
0.49	ACRV	Acrivon Therapeutics,	Pair Corr

Related Correlations Analysis

	PMVP	ELYM	MNOV	PHVS	PEPG	RGNX	ANEB	IVVD	ABEO	BDTX
PMVP		-0.63	-0.32	0.53	-0.63	-0.27	-0.48	-0.26	0.23	-0.43	PMVP
ELYM	-0.63		-0.03	-0.46	0.75	0.72	0.67	0.62	-0.51	0.77	ELYM
MNOV	-0.32	-0.03		-0.13	-0.18	-0.23	-0.13	-0.25	0.11	-0.27	MNOV
PHVS	0.53	-0.46	-0.13		-0.49	-0.39	-0.31	-0.12	0.28	-0.55	PHVS
PEPG	-0.63	0.75	-0.18	-0.49		0.4	0.68	0.59	-0.07	0.68	PEPG
RGNX	-0.27	0.72	-0.23	-0.39	0.4		0.35	0.48	-0.66	0.8	RGNX
ANEB	-0.48	0.67	-0.13	-0.31	0.68	0.35		0.7	-0.1	0.45	ANEB
IVVD	-0.26	0.62	-0.25	-0.12	0.59	0.48	0.7		-0.01	0.4	IVVD
ABEO	0.23	-0.51	0.11	0.28	-0.07	-0.66	-0.1	-0.01		-0.66	ABEO
BDTX	-0.43	0.77	-0.27	-0.55	0.68	0.8	0.45	0.4	-0.66		BDTX
	PMVP	ELYM	MNOV	PHVS	PEPG	RGNX	ANEB	IVVD	ABEO	BDTX

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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

BDTX	+ 0.8	RGNX
BDTX	+ 0.77	ELYM
PEPG	+ 0.75	ELYM
RGNX	+ 0.72	ELYM
IVVD	+ 0.7	ANEB
ANEB	+ 0.68	PEPG

High negative correlations

BDTX	- 0.66	ABEO
ABEO	- 0.66	RGNX
PEPG	- 0.63	PMVP
ELYM	- 0.63	PMVP
BDTX	- 0.55	PHVS
ABEO	- 0.51	ELYM

Risk-Adjusted Indicators

There is a big difference between ACIU Stock performing well and AC Immune 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 AC Immune'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PMVP	1.61	0.03	(0.03)	0.25	2.00	(1.97)	3.75	(3.64)	13.98
ELYM	3.92	(1.02)	0.00	(1.30)	0.00	0.00	6.21	(9.35)	34.87
MNOV	5.09	1.33	0.17	(0.44)	4.27	(7.00)	14.50	(8.50)	61.30
PHVS	2.94	0.25	0.09	0.29	2.99	(3.63)	7.76	(6.02)	21.41
PEPG	3.14	(1.20)	0.00	(0.59)	0.00	0.00	4.78	(9.02)	26.81
RGNX	3.33	(0.53)	0.00	(0.12)	0.00	0.00	5.72	(7.20)	32.22
ANEB	5.13	(0.11)	0.00	0.21	0.00	0.00	8.61	(11.48)	76.00
IVVD	4.97	(1.32)	0.00	(0.28)	0.00	0.00	12.75	(11.76)	28.68
ABEO	1.94	0.01	(0.01)	0.14	2.32	(2.10)	3.79	(4.21)	12.28
BDTX	3.49	(1.65)	0.00	(0.63)	0.00	0.00	5.47	(8.30)	19.51

AC Immune Corporate Management

Julian Snow	VP Development	Profile
Nuno MD	Chief Officer	Profile
Christopher Roberts	Interim Fin	Profile
Sonia Poli	Head Science	Profile
Piergiorgio Donati	Chief Officer	Profile
Pr MD	Chief Officer	Profile
Joshua Drumm	Head Relations	Profile

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