Centessa Pharmaceuticals Correlations
| CNTA Stock | USD 15.75 0.09 0.57% |
The current 90-days correlation between Centessa Pharmaceuticals and Beam Therapeutics is 0.05 (i.e., Significant diversification). The correlation of Centessa Pharmaceuticals 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.
Centessa |
Moving against Centessa Stock
| 0.4 | DBVT | DBV Technologies Earnings Call This Week | PairCorr |
| 0.32 | CGTX | Cognition Therapeutics | PairCorr |
| 0.34 | SSNLF | Samsung Electronics | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Centessa Stock performing well and Centessa Pharmaceuticals 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 Centessa Pharmaceuticals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BEAM | 3.40 | 0.24 | 0.06 | 0.24 | 3.78 | 8.04 | 21.42 | |||
| EDIT | 6.37 | 0.24 | 0.03 | 0.11 | 8.46 | 12.04 | 119.53 | |||
| CRBU | 3.00 | (0.63) | 0.00 | (1.55) | 0.00 | 8.22 | 17.35 | |||
| VERV | 5.44 | 0.78 | 0.15 | 0.28 | 4.82 | 11.24 | 36.90 | |||
| NTLA | 3.59 | (0.32) | 0.00 | 0.54 | 0.00 | 7.84 | 22.98 | |||
| FATE | 5.42 | (0.71) | 0.00 | (0.31) | 0.00 | 11.34 | 34.46 | |||
| REGN | 1.41 | (0.07) | 0.00 | 0.13 | 0.00 | 2.15 | 8.14 | |||
| NVO | 2.05 | (0.16) | 0.00 | 0.73 | 0.00 | 4.36 | 20.40 | |||
| SRPT | 1.74 | 0.06 | 0.03 | (0.23) | 2.19 | 3.98 | 19.63 | |||
| HEPA | 7.67 | (1.29) | 0.00 | (1.46) | 0.00 | 17.65 | 86.86 |