Chimerix Correlations

CMRX Stock

USD 8.48 0.01 0.12%

The current 90-days correlation between Chimerix and Day One Biopharmaceuticals is 0.11 (i.e., Average diversification). The correlation of Chimerix 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.

Chimerix Correlation With Market

Significant diversification

The correlation between Chimerix and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chimerix 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 Chimerix. 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 more information on how to buy Chimerix Stock please use our How to Invest in Chimerix guide.

Moving together with Chimerix Stock

0.66	VALN	Valneva SE ADR	Pair Corr
0.81	DVAX	Dynavax Technologies	Pair Corr
0.73	VRNA	Verona Pharma PLC	Pair Corr
0.64	VRTX	Vertex Pharmaceuticals	Pair Corr
0.7	VSTM	Verastem	Pair Corr

Moving against Chimerix Stock

0.82	ME	23Andme Holding	Pair Corr
0.81	VCYT	Veracyte	Pair Corr
0.8	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.8	DNLI	Denali Therapeutics	Pair Corr
0.8	VCEL	Vericel Corp Ord	Pair Corr
0.74	VERA	Vera Therapeutics	Pair Corr
0.7	VINC	Vincerx Pharma	Pair Corr
0.68	CDIOW	Cardio Diagnostics	Pair Corr
0.68	VKTX	Viking Therapeutics	Pair Corr
0.65	A	Agilent Technologies	Pair Corr
0.49	DRTS	Alpha Tau Medical	Pair Corr
0.47	SABSW	SAB Biotherapeutics	Pair Corr
0.37	DSGN	Design Therapeutics	Pair Corr
0.85	VTRS	Viatris	Pair Corr
0.83	ELAN	Elanco Animal Health	Pair Corr
0.79	VRPX	Virpax Pharmaceuticals	Pair Corr
0.78	VTYX	Ventyx Biosciences	Pair Corr
0.77	VYGR	Voyager Therapeutics	Pair Corr
0.68	VRDN	Viridian Therapeutics Downward Rally	Pair Corr
0.64	ELDN	Eledon Pharmaceuticals Earnings Call This Week	Pair Corr
0.63	ELEV	Elevation Oncology	Pair Corr
0.58	VRAX	Virax Biolabs Group	Pair Corr
0.57	VRCA	Verrica Pharmaceuticals	Pair Corr
0.55	DYAI	Dyadic International Earnings Call This Week	Pair Corr
0.55	VYNE	Vyne Therapeutics	Pair Corr
0.52	VXRT	Vaxart Inc	Pair Corr

Related Correlations Analysis

	ASMB	SPRO	ACHL	TIL	NLTX	CTMX	NXTC	DAWN	XFOR	MREO
ASMB		0.85	-0.74	0.34	0.0	0.86	0.66	0.74	0.8	0.85	ASMB
SPRO	0.85		-0.78	0.31	0.0	0.92	0.82	0.64	0.77	0.9	SPRO
ACHL	-0.74	-0.78		-0.28	0.0	-0.83	-0.78	-0.66	-0.68	-0.71	ACHL
TIL	0.34	0.31	-0.28		0.0	0.41	0.39	0.62	0.35	0.36	TIL
NLTX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	NLTX
CTMX	0.86	0.92	-0.83	0.41	0.0		0.83	0.78	0.84	0.94	CTMX
NXTC	0.66	0.82	-0.78	0.39	0.0	0.83		0.56	0.56	0.74	NXTC
DAWN	0.74	0.64	-0.66	0.62	0.0	0.78	0.56		0.77	0.73	DAWN
XFOR	0.8	0.77	-0.68	0.35	0.0	0.84	0.56	0.77		0.84	XFOR
MREO	0.85	0.9	-0.71	0.36	0.0	0.94	0.74	0.73	0.84		MREO
	ASMB	SPRO	ACHL	TIL	NLTX	CTMX	NXTC	DAWN	XFOR	MREO

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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

MREO	+ 0.94	CTMX
CTMX	+ 0.92	SPRO
MREO	+ 0.9	SPRO
CTMX	+ 0.86	ASMB
SPRO	+ 0.85	ASMB
MREO	+ 0.85	ASMB

High negative correlations

CTMX	- 0.83	ACHL
NXTC	- 0.78	ACHL
ACHL	- 0.78	SPRO
ACHL	- 0.74	ASMB
MREO	- 0.71	ACHL
XFOR	- 0.68	ACHL

Risk-Adjusted Indicators

There is a big difference between Chimerix Stock performing well and Chimerix 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 Chimerix'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
ASMB	2.97	(0.49)	0.00	(0.44)	0.00	0.00	6.63	(5.39)	24.82
SPRO	2.53	(0.50)	0.00	(1.38)	0.00	0.00	4.85	(6.25)	21.98
ACHL	1.59	0.55	0.38	1.85	0.82	(3.03)	2.59	(2.52)	22.15
TIL	5.66	0.18	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
CTMX	3.44	(0.79)	0.00	(0.52)	0.00	0.00	6.60	(7.45)	17.13
NXTC	3.28	(0.66)	0.00	(0.47)	0.00	0.00	6.49	(7.23)	18.95
DAWN	2.78	(0.52)	0.00	(0.71)	0.00	0.00	6.36	(6.67)	22.86
XFOR	7.27	(0.22)	0.00	(1.60)	0.00	0.00	13.85	(14.29)	68.45
MREO	2.55	(0.44)	0.00	(0.73)	0.00	0.00	6.16	(6.13)	20.77

Chimerix Corporate Management

MD MBA	Chief Officer	Profile
David CPA	Exec Officer	Profile
Joshua Allen	Chief Imipridones	Profile
Dr MBA	Chief Officer	Profile
Pablo MD	Head Affairs	Profile

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