Bicycle Therapeutics Correlations

BCYC Stock

USD 9.11 0.03 0.33%

The current 90-days correlation between Bicycle Therapeutics and AnaptysBio is 0.49 (i.e., Very weak diversification). The correlation of Bicycle Therapeutics 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.

Bicycle Therapeutics Correlation With Market

Modest diversification

The correlation between Bicycle Therapeutics and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bicycle Therapeutics 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 Bicycle Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

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

Moving together with Bicycle Stock

0.83	CDIOW	Cardio Diagnostics	Pair Corr
0.78	ELVN	Enliven Therapeutics	Pair Corr
0.87	SCLX	Scilex Holding	Pair Corr
0.89	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.75	CDIO	Cardio Diagnostics	Pair Corr
0.71	CMND	Clearmind Medicine Common	Pair Corr
0.79	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.65	DIS	Walt Disney	Pair Corr
0.85	MSFT	Microsoft	Pair Corr

Moving against Bicycle Stock

0.85	LUCD	Lucid Diagnostics	Pair Corr
0.85	WM	Waste Management	Pair Corr
0.73	GE	GE Aerospace	Pair Corr
0.57	PG	Procter Gamble	Pair Corr
0.53	PLX	Protalix Biotherapeutics	Pair Corr
0.93	JNJ	Johnson Johnson	Pair Corr
0.91	T	ATT Inc Earnings Call Today	Pair Corr
0.76	MMM	3M Company	Pair Corr
0.72	IBM	International Business	Pair Corr
0.7	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.66	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.6	CSCO	Cisco Systems	Pair Corr
0.57	INTC	Intel	Pair Corr

Related Correlations Analysis

	IDYA	ANAB	MGTX	KROS	FIXX	TNYA	IGMS	GLUE	STOK	MRUS
IDYA		-0.44	-0.6	0.68	0.0	0.77	0.73	0.41	0.81	-0.64	IDYA
ANAB	-0.44		0.37	-0.51	0.0	-0.3	-0.52	-0.15	-0.24	0.26	ANAB
MGTX	-0.6	0.37		-0.4	0.0	-0.48	-0.44	-0.04	-0.43	0.64	MGTX
KROS	0.68	-0.51	-0.4		0.0	0.72	0.96	0.62	0.5	-0.09	KROS
FIXX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FIXX
TNYA	0.77	-0.3	-0.48	0.72	0.0		0.71	0.39	0.58	-0.46	TNYA
IGMS	0.73	-0.52	-0.44	0.96	0.0	0.71		0.64	0.54	-0.18	IGMS
GLUE	0.41	-0.15	-0.04	0.62	0.0	0.39	0.64		0.62	0.01	GLUE
STOK	0.81	-0.24	-0.43	0.5	0.0	0.58	0.54	0.62		-0.62	STOK
MRUS	-0.64	0.26	0.64	-0.09	0.0	-0.46	-0.18	0.01	-0.62		MRUS
	IDYA	ANAB	MGTX	KROS	FIXX	TNYA	IGMS	GLUE	STOK	MRUS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

IGMS	+ 0.96	KROS
STOK	+ 0.81	IDYA
TNYA	+ 0.77	IDYA
IGMS	+ 0.73	IDYA
TNYA	+ 0.72	KROS
IGMS	+ 0.71	TNYA

High negative correlations

MRUS	- 0.64	IDYA
MRUS	- 0.62	STOK
MGTX	- 0.6	IDYA
IGMS	- 0.52	ANAB
KROS	- 0.51	ANAB
TNYA	- 0.48	MGTX

Risk-Adjusted Indicators

There is a big difference between Bicycle Stock performing well and Bicycle Therapeutics 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 Bicycle Therapeutics' 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
IDYA	2.30	(0.42)	0.00	(1.17)	0.00	0.00	4.11	(4.64)	12.18
ANAB	4.32	0.41	0.08	0.23	4.43	(5.41)	9.84	(7.48)	43.41
MGTX	3.13	0.40	0.13	(1.29)	3.41	(3.54)	5.56	(5.58)	34.28
KROS	2.63	(0.73)	0.00	9.16	0.00	0.00	4.41	(6.00)	19.64
FIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TNYA	5.95	(1.09)	0.00	(0.33)	0.00	0.00	11.67	(7.14)	80.00
IGMS	4.81	(1.80)	0.00	(0.85)	0.00	0.00	5.64	(8.55)	71.93
GLUE	3.56	(0.22)	0.00	(0.26)	0.00	0.00	7.34	(7.69)	19.92
STOK	3.45	(0.39)	0.00	(0.32)	0.00	0.00	7.03	(9.08)	20.29
MRUS	1.94	0.16	0.09	(0.74)	2.44	(2.12)	4.91	(3.56)	12.66

Bicycle Therapeutics Corporate Management

Kevin MBA	CEO Director	Profile
CBE FMedsci	NonEx CoFounder	Profile
Christian Heinis	Scientific Founder	Profile
Stephanie Yao	Senior Communications	Profile
Alistair Milnes	Chief Officer	Profile
Gillian Langford	Head Management	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC