Aura Biosciences Correlations

AURA Stock

USD 7.49 0.07 0.94%

The current 90-days correlation between Aura Biosciences and Acrivon Therapeutics, Common is 0.55 (i.e., Very weak diversification). The correlation of Aura Biosciences 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.

Aura Biosciences Correlation With Market

Good diversification

The correlation between Aura Biosciences and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aura 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 Aura 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 metropolitan statistical area.

For information on how to trade Aura Stock refer to our How to Trade Aura Stock guide.

Moving together with Aura Stock

0.63	SNDL	SNDL Inc	Pair Corr
0.65	GKOS	Glaukos Corp	Pair Corr
0.7	MDAI	Spectral AI	Pair Corr
0.65	RKV	Rakovina Therapeutics	Pair Corr

Moving against Aura Stock

0.54	CPIX	Cumberland Pharmaceuticals	Pair Corr
0.53	CMRX	Chimerix Sell-off Trend	Pair Corr
0.39	FNA	Paragon 28	Pair Corr
0.58	LUCD	Lucid Diagnostics Buyout Trend	Pair Corr
0.54	INMD	InMode	Pair Corr
0.54	LUNG	Pulmonx Corp	Pair Corr
0.47	NVRO	Nevro Corp	Pair Corr
0.67	TRGGF	Tarachi Gold Corp	Pair Corr
0.62	PKX	POSCO Holdings	Pair Corr
0.56	BRK-A	Berkshire Hathaway	Pair Corr
0.56	BRK-B	Berkshire Hathaway	Pair Corr
0.56	NHNCF	NAVER Corp	Pair Corr
0.53	FWEDF	Fireweed Zinc	Pair Corr

Related Correlations Analysis

	AVTE	ADAG	ACRV	RZLT	ANTX	SEER	ORIC	ANEB	CGEM	CCCC
AVTE		0.1	0.64	0.48	0.48	0.36	0.22	0.44	0.71	0.46	AVTE
ADAG	0.1		0.07	-0.02	0.1	-0.05	-0.51	-0.51	-0.14	-0.24	ADAG
ACRV	0.64	0.07		0.57	0.13	0.46	0.38	0.21	0.45	0.34	ACRV
RZLT	0.48	-0.02	0.57		-0.4	0.9	0.61	0.08	0.36	0.42	RZLT
ANTX	0.48	0.1	0.13	-0.4		-0.38	-0.4	0.47	0.35	0.05	ANTX
SEER	0.36	-0.05	0.46	0.9	-0.38		0.54	0.12	0.4	0.51	SEER
ORIC	0.22	-0.51	0.38	0.61	-0.4	0.54		0.21	0.17	0.35	ORIC
ANEB	0.44	-0.51	0.21	0.08	0.47	0.12	0.21		0.52	0.39	ANEB
CGEM	0.71	-0.14	0.45	0.36	0.35	0.4	0.17	0.52		0.86	CGEM
CCCC	0.46	-0.24	0.34	0.42	0.05	0.51	0.35	0.39	0.86		CCCC
	AVTE	ADAG	ACRV	RZLT	ANTX	SEER	ORIC	ANEB	CGEM	CCCC

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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

SEER	+ 0.9	RZLT
CCCC	+ 0.86	CGEM
CGEM	+ 0.71	AVTE
ACRV	+ 0.64	AVTE
ORIC	+ 0.61	RZLT
RZLT	+ 0.57	ACRV

High negative correlations

ANEB	- 0.51	ADAG
ORIC	- 0.51	ADAG
ORIC	- 0.4	ANTX
ANTX	- 0.4	RZLT
SEER	- 0.38	ANTX
CCCC	- 0.24	ADAG

Risk-Adjusted Indicators

There is a big difference between Aura Stock performing well and Aura 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 Aura 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
AVTE	1.34	(0.05)	0.00	0.20	0.00	0.00	2.07	(3.27)	10.45
ADAG	2.34	0.02	0.00	(0.05)	0.00	0.00	4.04	(4.15)	18.68
ACRV	4.19	(0.25)	0.00	0.38	0.00	0.00	10.17	(8.24)	30.57
RZLT	3.05	(0.57)	0.00	2.68	0.00	0.00	5.62	(6.49)	22.04
ANTX	2.21	0.05	0.06	(0.14)	2.37	(2.66)	4.67	(3.85)	11.39
SEER	1.57	(0.27)	0.00	14.35	0.00	0.00	3.06	(3.33)	11.45
ORIC	4.31	(0.09)	0.00	2.76	0.00	0.00	9.69	(7.81)	27.74
ANEB	5.07	0.94	0.22	(1.13)	4.20	(7.62)	15.25	(7.64)	40.87
CGEM	2.60	(0.42)	0.00	(0.74)	0.00	0.00	5.13	(6.43)	15.27
CCCC	3.36	(0.76)	0.00	(0.36)	0.00	0.00	6.86	(7.76)	19.46

Aura Biosciences Corporate Management

Richard Mountfield	Senior Quality	Profile
Patrick Nealon	Senior Operations	Profile
CPE MBA	Chief RD	Profile
Jill MD	Chief Development	Profile
Amy Elazzouzi	Interim Officer	Profile
Paulo Carvalho	VP Operations	Profile
Bruce MD	Senior Oncology	Profile

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