Aptose Biosciences Correlations

APTO Stock

USD 3.69 0.24 6.11%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aptose Biosciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aptose Biosciences moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aptose Biosciences Correlation With Market

Good diversification

The correlation between Aptose Biosciences and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aptose Biosciences 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 Aptose Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Aptose Stock, please use our How to Invest in Aptose Biosciences guide.

Moving together with Aptose Stock

0.68	CDIOW	Cardio Diagnostics	Pair Corr
0.73	ELVN	Enliven Therapeutics	Pair Corr
0.77	SCLX	Scilex Holding	Pair Corr
0.8	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.65	CDIO	Cardio Diagnostics	Pair Corr
0.78	CMND	Clearmind Medicine Common	Pair Corr
0.68	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.76	MSFT	Microsoft	Pair Corr

Moving against Aptose Stock

0.79	WM	Waste Management	Pair Corr
0.74	LUCD	Lucid Diagnostics	Pair Corr
0.64	PG	Procter Gamble	Pair Corr
0.57	GE	GE Aerospace	Pair Corr
0.37	PLX	Protalix Biotherapeutics	Pair Corr
0.89	JNJ	Johnson Johnson	Pair Corr
0.83	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.65	IBM	International Business	Pair Corr
0.62	MMM	3M Company	Pair Corr
0.56	CVX	Chevron Corp	Pair Corr
0.52	CSCO	Cisco Systems	Pair Corr
0.5	XOM	Exxon Mobil Corp	Pair Corr
0.4	INTC	Intel	Pair Corr

Related Correlations Analysis

	CTMX	TIL	NLTX	SPRO	ASMB	FBIO	MBIO	ACHL	FBIOP	GANX
CTMX		0.33	0.0	0.9	0.87	0.71	0.87	-0.84	0.53	-0.28	CTMX
TIL	0.33		0.0	0.18	0.31	0.12	0.14	-0.27	0.33	0.25	TIL
NLTX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NLTX
SPRO	0.9	0.18	0.0		0.87	0.78	0.93	-0.75	0.52	-0.22	SPRO
ASMB	0.87	0.31	0.0	0.87		0.78	0.89	-0.77	0.55	-0.09	ASMB
FBIO	0.71	0.12	0.0	0.78	0.78		0.79	-0.52	0.67	0.11	FBIO
MBIO	0.87	0.14	0.0	0.93	0.89	0.79		-0.78	0.51	-0.25	MBIO
ACHL	-0.84	-0.27	0.0	-0.75	-0.77	-0.52	-0.78		-0.51	0.52	ACHL
FBIOP	0.53	0.33	0.0	0.52	0.55	0.67	0.51	-0.51		0.22	FBIOP
GANX	-0.28	0.25	0.0	-0.22	-0.09	0.11	-0.25	0.52	0.22		GANX
	CTMX	TIL	NLTX	SPRO	ASMB	FBIO	MBIO	ACHL	FBIOP	GANX

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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

MBIO	+ 0.93	SPRO
SPRO	+ 0.9	CTMX
MBIO	+ 0.89	ASMB
ASMB	+ 0.87	CTMX
MBIO	+ 0.87	CTMX
ASMB	+ 0.87	SPRO

High negative correlations

ACHL	- 0.84	CTMX
ACHL	- 0.78	MBIO
ACHL	- 0.77	ASMB
ACHL	- 0.75	SPRO
ACHL	- 0.52	FBIO
FBIOP	- 0.51	ACHL

Risk-Adjusted Indicators

There is a big difference between Aptose Stock performing well and Aptose Biosciences 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 Aptose Biosciences' 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
CTMX	3.60	(0.53)	0.00	(0.32)	0.00	0.00	7.32	(7.45)	17.13
TIL	5.56	0.11	0.00	(0.03)	0.00	0.00	13.25	(9.64)	34.30
NLTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SPRO	2.59	(0.31)	0.00	(0.73)	0.00	0.00	5.13	(6.25)	21.98
ASMB	3.04	(0.35)	0.00	(0.37)	0.00	0.00	6.63	(5.05)	24.82
FBIO	2.67	(0.11)	0.00	(0.65)	0.00	0.00	5.19	(4.87)	22.19
MBIO	6.05	(2.65)	0.00	0.90	0.00	0.00	15.38	(17.08)	53.88
ACHL	1.59	0.69	0.51	1.23	0.49	(2.95)	3.47	(1.74)	22.77
FBIOP	2.40	(0.07)	0.02	0.01	2.71	(2.94)	5.97	(4.02)	16.34
GANX	4.70	0.73	0.16	2.73	4.40	(5.41)	10.75	(8.06)	32.31

Aptose Biosciences Corporate Management

Brooks MBA	VP Controller	Profile
Philippe Ledru	Senior Officer	Profile
Janet CA	VP Fin	Profile
Rafael MD	Senior Officer	Profile
Roger BSc	Vice Operations	Profile
Marc Wiles	Senior Affairs	Profile

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