Alumis Common Correlations
| ALMS Stock | 8.37 0.45 5.10% |
The current 90-days correlation between Alumis Common Stock and FTAI Aviation Ltd is 0.11 (i.e., Average diversification). The correlation of Alumis Common 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.
Alumis Common Correlation With Market
Average diversification
The correlation between Alumis Common Stock 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 Alumis Common Stock and DJI in the same portfolio, assuming nothing else is changed.
Alumis |
Moving together with Alumis Stock
| 0.66 | EQ | Equillium | PairCorr |
| 0.84 | VALN | Valneva SE ADR | PairCorr |
| 0.79 | DNLI | Denali Therapeutics | PairCorr |
| 0.77 | DNTH | Dianthus Therapeutics | PairCorr |
| 0.65 | DRMA | Dermata Therapeutics | PairCorr |
| 0.89 | DRRX | Durect | PairCorr |
| 0.78 | DTIL | Precision BioSciences | PairCorr |
| 0.85 | VIGL | Vigil Neuroscience | PairCorr |
| 0.83 | VKTX | Viking Therapeutics | PairCorr |
| 0.77 | VRDN | Viridian Therapeutics | PairCorr |
| 0.82 | VRPX | Virpax Pharmaceuticals | PairCorr |
| 0.87 | VTGN | VistaGen Therapeutics | PairCorr |
Moving against Alumis Stock
| 0.8 | DRTS | Alpha Tau Medical | PairCorr |
| 0.75 | VCYT | Veracyte | PairCorr |
| 0.72 | DMAC | DiaMedica Therapeutics | PairCorr |
| 0.67 | VCEL | Vericel Corp Ord | PairCorr |
| 0.61 | CDIOW | Cardio Diagnostics | PairCorr |
| 0.38 | SABSW | SAB Biotherapeutics | PairCorr |
| 0.32 | DSGN | Design Therapeutics | PairCorr |
| 0.76 | DYAI | Dyadic International | PairCorr |
| 0.65 | VTVT | vTv Therapeutics | PairCorr |
| 0.61 | VSTM | Verastem | PairCorr |
| 0.59 | VRNA | Verona Pharma PLC | PairCorr |
| 0.56 | VTRS | Viatris Sell-off Trend | PairCorr |
| 0.49 | DVAX | Dynavax Technologies | PairCorr |
| 0.42 | KTTAW | Pasithea Therapeutics | PairCorr |
| 0.39 | SRZNW | Surrozen Warrant | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Alumis Stock performing well and Alumis Common 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 Alumis Common'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FTAIM | 0.68 | 0.04 | 0.01 | 0.14 | 0.91 | 1.97 | 4.64 | |||
| URI | 1.31 | (0.20) | 0.00 | (0.07) | 0.00 | 2.01 | 15.09 | |||
| WSC | 2.03 | (0.30) | 0.00 | (0.12) | 0.00 | 4.01 | 18.49 | |||
| TRTN-PC | 0.38 | (0.03) | 0.00 | (0.13) | 0.00 | 0.66 | 1.99 | |||
| GSL-PB | 0.48 | 0.03 | 0.00 | 0.19 | 0.49 | 1.24 | 4.00 | |||
| EFRMF | 0.83 | (0.43) | 0.00 | 1.94 | 0.00 | 0.00 | 21.43 | |||
| AEM | 1.51 | (0.07) | 0.00 | (0.36) | 0.00 | 3.61 | 11.66 |