Annexon Correlations

ANNX Stock

USD 2.50 0.25 9.09%

The current 90-days correlation between Annexon and Amylyx Pharmaceuticals is 0.41 (i.e., Very weak diversification). The correlation of Annexon 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.

Annexon Correlation With Market

Modest diversification

The correlation between Annexon and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Annexon 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 Annexon. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

Moving together with Annexon Stock

0.85	ME	23Andme Holding	Pair Corr
0.74	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.61	VCEL	Vericel Corp Ord	Pair Corr
0.62	VCYT	Veracyte	Pair Corr
0.89	VERA	Vera Therapeutics	Pair Corr
0.65	CDIOW	Cardio Diagnostics	Pair Corr
0.69	DSGN	Design Therapeutics	Pair Corr
0.93	VINC	Vincerx Pharma	Pair Corr
0.87	VKTX	Viking Therapeutics	Pair Corr
0.75	DYAI	Dyadic International Earnings Call This Week	Pair Corr
0.85	VRDN	Viridian Therapeutics Downward Rally	Pair Corr
0.84	VRPX	Virpax Pharmaceuticals	Pair Corr
0.87	VTRS	Viatris	Pair Corr
0.87	VTYX	Ventyx Biosciences	Pair Corr

Moving against Annexon Stock

0.91	VALN	Valneva SE ADR	Pair Corr
0.77	VIGL	Vigil Neuroscience	Pair Corr
0.68	DMAC	DiaMedica Therapeutics	Pair Corr
0.67	DVAX	Dynavax Technologies	Pair Corr
0.55	EQ	Equillium	Pair Corr
0.4	VERV	Verve Therapeutics	Pair Corr
0.38	DTIL	Precision BioSciences Earnings Call This Week	Pair Corr
0.93	VRNA	Verona Pharma PLC	Pair Corr
0.81	VRTX	Vertex Pharmaceuticals	Pair Corr
0.72	EDSA	Edesa Biotech	Pair Corr
0.65	VTVT	vTv Therapeutics Trending	Pair Corr
0.56	VSTM	Verastem	Pair Corr
0.5	SRZNW	Surrozen Warrant	Pair Corr
0.38	EDIT	Editas Medicine	Pair Corr
0.35	CDTTW	Conduit Pharmaceuticals	Pair Corr

Related Correlations Analysis

	IMMX	CNSP	HEPA	FRLN	AVRO	DAWN	ABOS	XFOR	INZY	VECT
IMMX		0.85	0.83	0.0	0.0	0.81	0.86	0.82	0.79	0.0	IMMX
CNSP	0.85		0.67	0.0	0.0	0.8	0.7	0.72	0.59	0.0	CNSP
HEPA	0.83	0.67		0.0	0.0	0.63	0.88	0.72	0.9	0.0	HEPA
FRLN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FRLN
AVRO	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AVRO
DAWN	0.81	0.8	0.63	0.0	0.0		0.75	0.77	0.58	0.0	DAWN
ABOS	0.86	0.7	0.88	0.0	0.0	0.75		0.76	0.86	0.0	ABOS
XFOR	0.82	0.72	0.72	0.0	0.0	0.77	0.76		0.8	0.0	XFOR
INZY	0.79	0.59	0.9	0.0	0.0	0.58	0.86	0.8		0.0	INZY
VECT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		VECT
	IMMX	CNSP	HEPA	FRLN	AVRO	DAWN	ABOS	XFOR	INZY	VECT

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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

INZY	+ 0.9	HEPA
ABOS	+ 0.88	HEPA
ABOS	+ 0.86	IMMX
INZY	+ 0.86	ABOS
CNSP	+ 0.85	IMMX
HEPA	+ 0.83	IMMX

High negative correlations

VECT	- 0.0	INZY
VECT	- 0.0	XFOR
VECT	- 0.0	ABOS
VECT	- 0.0	DAWN
VECT	- 0.0	AVRO
INZY	- 0.0	AVRO

Risk-Adjusted Indicators

There is a big difference between Annexon Stock performing well and Annexon 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 Annexon'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
IMMX	3.55	(0.46)	(3.28)	6.77	(8.19)	26.42
CNSP	5.38	(0.40)	(1.06)	10.64	(10.84)	70.89
HEPA	9.76	(3.68)	(8.31)	17.65	(31.91)	86.86
FRLN	0.00	0.00	0.00	0.00	0.00	0.00
AVRO	0.00	0.00	0.00	0.00	0.00	0.00
DAWN	2.78	(0.52)	(0.71)	6.36	(6.67)	22.86
ABOS	2.96	(0.68)	(0.64)	6.57	(5.85)	19.77
XFOR	7.27	(0.22)	(1.60)	13.85	(14.29)	68.45
INZY	4.07	(1.15)	(0.82)	7.72	(9.17)	38.13
VECT	0.00	0.00	0.00	0.00	0.00	0.00

Annexon Corporate Management

Shikhar MBA	Senior Commercial	Profile
Arnon Rosenthal	Founder	Profile
Michael MBA	Executive Officer	Profile
Mirella Toro	Sec	Profile
Ted Yednock	Chief VP	Profile

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