Agios Pharm Correlations

AGIO Stock

USD 32.66 0.98 3.09%

The current 90-days correlation between Agios Pharm and Day One Biopharmaceuticals is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agios Pharm moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agios Pharm moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Agios Pharm Correlation With Market

Average diversification

The correlation between Agios Pharm and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Agios Pharm 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 Agios Pharm. 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.

To learn how to invest in Agios Stock, please use our How to Invest in Agios Pharm guide.

Moving together with Agios Stock

0.66	CRVS	Corvus Pharmaceuticals Downward Rally	Pair Corr
0.62	APYX	Apyx Medical	Pair Corr

Moving against Agios Stock

0.51	CMRX	Chimerix	Pair Corr
0.39	PFE	Pfizer Inc	Pair Corr
0.38	FNA	Paragon 28	Pair Corr
0.37	CPIX	Cumberland Pharmaceuticals	Pair Corr
0.54	NYXH	Nyxoah	Pair Corr
0.49	KIDS	Orthopediatrics Corp	Pair Corr
0.36	LUCD	Lucid Diagnostics	Pair Corr
0.36	NVRO	Nevro Corp Sell-off Trend	Pair Corr
0.39	BRK-A	Berkshire Hathaway	Pair Corr
0.39	BRK-B	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	MREO	BPMC	DAWN	BMRN	IDYA	ANAB	MGTX	KROS	FIXX	KYMR
MREO		-0.04	0.73	-0.38	0.89	-0.51	-0.52	0.49	0.0	0.74	MREO
BPMC	-0.04		0.41	-0.75	0.24	0.19	-0.21	-0.17	0.0	0.42	BPMC
DAWN	0.73	0.41		-0.75	0.86	-0.15	-0.53	0.26	0.0	0.81	DAWN
BMRN	-0.38	-0.75	-0.75		-0.59	0.05	0.52	-0.02	0.0	-0.72	BMRN
IDYA	0.89	0.24	0.86	-0.59		-0.43	-0.57	0.45	0.0	0.83	IDYA
ANAB	-0.51	0.19	-0.15	0.05	-0.43		0.36	-0.22	0.0	-0.18	ANAB
MGTX	-0.52	-0.21	-0.53	0.52	-0.57	0.36		-0.22	0.0	-0.55	MGTX
KROS	0.49	-0.17	0.26	-0.02	0.45	-0.22	-0.22		0.0	0.38	KROS
FIXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FIXX
KYMR	0.74	0.42	0.81	-0.72	0.83	-0.18	-0.55	0.38	0.0		KYMR
	MREO	BPMC	DAWN	BMRN	IDYA	ANAB	MGTX	KROS	FIXX	KYMR

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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

IDYA	+ 0.89	MREO
IDYA	+ 0.86	DAWN
KYMR	+ 0.83	IDYA
KYMR	+ 0.81	DAWN
KYMR	+ 0.74	MREO
DAWN	+ 0.73	MREO

High negative correlations

BMRN	- 0.75	DAWN
BMRN	- 0.75	BPMC
KYMR	- 0.72	BMRN
IDYA	- 0.59	BMRN
MGTX	- 0.57	IDYA
KYMR	- 0.55	MGTX

Risk-Adjusted Indicators

There is a big difference between Agios Stock performing well and Agios Pharm 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 Agios Pharm'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
MREO	2.60	(0.49)	0.00	(0.72)	0.00	0.00	6.16	(6.13)	20.77
BPMC	2.13	0.06	0.00	(0.02)	0.00	0.00	5.39	(4.23)	26.30
DAWN	2.87	(0.56)	0.00	(0.68)	0.00	0.00	6.36	(6.67)	22.86
BMRN	1.17	0.13	0.11	1.91	1.60	(1.11)	3.04	(3.32)	8.07
IDYA	2.36	(0.55)	0.00	(1.44)	0.00	0.00	4.11	(4.98)	12.18
ANAB	4.27	0.37	0.07	0.19	4.44	(5.30)	9.84	(7.48)	43.41
MGTX	3.13	0.43	0.14	(1.43)	3.47	(3.49)	5.56	(5.58)	34.28
KROS	3.98	(1.76)	0.00	(17.87)	0.00	0.00	4.41	(7.31)	73.15
FIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KYMR	2.89	(0.25)	0.00	(0.25)	0.00	0.00	5.50	(7.08)	23.03

Agios Pharm Corporate Management

DSc FRSC	CoFounder Board	Profile
Dr DACVP	Consultant	Profile
Sarah MD	Chief Development	Profile
James Burns	Corporate Officer	Profile
Ellen LoPrestiv	Chief Officer	Profile
Clive Patience	Chief Officer	Profile
ShinSan Su	CoFounder Board	Profile

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