Caribou Biosciences Correlations

CRBU Stock

USD 1.04 0.04 4.00%

The current 90-days correlation between Caribou Biosciences and Editas Medicine is 0.14 (i.e., Average diversification). The correlation of Caribou 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Caribou Biosciences Correlation With Market

Significant diversification

The correlation between Caribou Biosciences and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Caribou 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 Caribou 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 bureau of labor statistics.

For more information on how to buy Caribou Stock please use our How to Invest in Caribou Biosciences guide.

Moving together with Caribou Stock

0.78	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.77	CMND	Clearmind Medicine Common	Pair Corr

Moving against Caribou Stock

0.68	WM	Waste Management	Pair Corr
0.62	PG	Procter Gamble	Pair Corr
0.61	LUCD	Lucid Diagnostics	Pair Corr
0.41	GE	GE Aerospace	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.7	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.53	IBM	International Business	Pair Corr
0.5	XOM	Exxon Mobil Corp	Pair Corr
0.48	CVX	Chevron Corp	Pair Corr
0.47	MMM	3M Company	Pair Corr
0.39	INTC	Intel	Pair Corr
0.34	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	NTLA	EDIT	CRSP	VERV	BEAM	FATE	PRME	SANA	ADPT
NTLA		0.16	0.32	0.21	0.54	0.55	0.77	-0.28	-0.04	NTLA
EDIT	0.16		0.58	0.18	0.43	-0.07	-0.03	0.02	0.49	EDIT
CRSP	0.32	0.58		0.47	0.78	-0.06	0.18	0.13	0.59	CRSP
VERV	0.21	0.18	0.47		0.64	-0.06	0.35	0.43	0.67	VERV
BEAM	0.54	0.43	0.78	0.64		0.15	0.38	0.06	0.49	BEAM
FATE	0.55	-0.07	-0.06	-0.06	0.15		0.5	-0.22	-0.48	FATE
PRME	0.77	-0.03	0.18	0.35	0.38	0.5		0.13	0.01	PRME
SANA	-0.28	0.02	0.13	0.43	0.06	-0.22	0.13		0.35	SANA
ADPT	-0.04	0.49	0.59	0.67	0.49	-0.48	0.01	0.35		ADPT
	NTLA	EDIT	CRSP	VERV	BEAM	FATE	PRME	SANA	ADPT

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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

BEAM	+ 0.78	CRSP
PRME	+ 0.77	NTLA
ADPT	+ 0.67	VERV
BEAM	+ 0.64	VERV
ADPT	+ 0.59	CRSP
CRSP	+ 0.58	EDIT

High negative correlations

ADPT	- 0.48	FATE
SANA	- 0.28	NTLA
SANA	- 0.22	FATE
FATE	- 0.07	EDIT
FATE	- 0.06	VERV
FATE	- 0.06	CRSP

Risk-Adjusted Indicators

There is a big difference between Caribou Stock performing well and Caribou 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 Caribou 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
NTLA	3.76	(0.35)	0.00	(1.15)	0.00	0.00	7.76	(7.09)	20.66
EDIT	6.56	0.76	0.07	0.14	7.94	(8.25)	12.20	(9.30)	119.53
CRSP	2.60	0.11	0.05	0.18	2.81	(2.82)	5.26	(4.42)	19.32
VERV	4.52	0.23	0.03	0.06	5.07	(4.92)	11.11	(8.25)	30.05
BEAM	3.35	(0.25)	0.00	74.46	0.00	0.00	6.41	(8.18)	23.04
FATE	4.68	(0.76)	0.00	(0.45)	0.00	0.00	9.29	(9.56)	22.21
PRME	4.43	(0.45)	0.00	5.12	0.00	0.00	10.03	(8.65)	25.37
SANA	7.83	1.69	0.27	(0.84)	5.96	(10.82)	10.15	(10.07)	178.30
ADPT	3.71	0.71	0.18	0.24	3.29	(4.93)	12.29	(5.91)	27.21

Caribou Biosciences Corporate Management

Sriram MBA	Chief Officer	Profile
Amy CFA	Vice Communications	Profile
Cindy Hayashi	VP HR	Profile
Ryan Fischesser	Interim Controller	Profile
Jason MBA	Chief Officer	Profile
JD Esq	Chief Secretary	Profile
Timothy MBA	Chief Officer	Profile

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