Cue Biopharma Correlations

CUE Stock

USD 0.96 0.01 1.03%

The current 90-days correlation between Cue Biopharma and Coya Therapeutics, Common is 0.16 (i.e., Average diversification). The correlation of Cue Biopharma 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.

Cue Biopharma Correlation With Market

Significant diversification

The correlation between Cue Biopharma and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cue Biopharma 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 Cue Biopharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

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

Moving together with Cue Stock

0.91	VOR	Vor Biopharma	Pair Corr
0.65	ELMD	Electromed Potential Growth	Pair Corr
0.7	INGN	Inogen Inc	Pair Corr
0.67	NPCE	Neuropace	Pair Corr
0.63	RKV	Rakovina Therapeutics	Pair Corr

Moving against Cue Stock

0.35	CMRX	Chimerix	Pair Corr
0.66	NHNCF	NAVER Corp	Pair Corr
0.54	PKX	POSCO Holdings	Pair Corr
0.43	GCPEF	GCL Poly Energy	Pair Corr

Related Correlations Analysis

	COYA	LTRN	FENC	ELYM	ANIX	INMB	INAB	PYPD	XFOR	GRTX
COYA		0.37	0.56	0.0	0.5	0.53	-0.11	-0.46	-0.4	0.0	COYA
LTRN	0.37		0.51	0.0	0.45	0.72	0.17	-0.17	-0.12	0.0	LTRN
FENC	0.56	0.51		0.0	0.45	0.49	-0.33	-0.47	-0.33	0.0	FENC
ELYM	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ELYM
ANIX	0.5	0.45	0.45	0.0		0.76	-0.28	-0.24	-0.33	0.0	ANIX
INMB	0.53	0.72	0.49	0.0	0.76		-0.08	-0.36	-0.35	0.0	INMB
INAB	-0.11	0.17	-0.33	0.0	-0.28	-0.08		0.13	0.37	0.0	INAB
PYPD	-0.46	-0.17	-0.47	0.0	-0.24	-0.36	0.13		0.13	0.0	PYPD
XFOR	-0.4	-0.12	-0.33	0.0	-0.33	-0.35	0.37	0.13		0.0	XFOR
GRTX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		GRTX
	COYA	LTRN	FENC	ELYM	ANIX	INMB	INAB	PYPD	XFOR	GRTX

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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

INMB	+ 0.76	ANIX
INMB	+ 0.72	LTRN
FENC	+ 0.56	COYA
INMB	+ 0.53	COYA
FENC	+ 0.51	LTRN
ANIX	+ 0.5	COYA

High negative correlations

PYPD	- 0.47	FENC
PYPD	- 0.46	COYA
XFOR	- 0.4	COYA
PYPD	- 0.36	INMB
XFOR	- 0.35	INMB
XFOR	- 0.33	ANIX

Risk-Adjusted Indicators

There is a big difference between Cue Stock performing well and Cue Biopharma 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 Cue Biopharma'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
COYA	3.12	0.51	0.13	0.39	3.28	(3.48)	8.23	(5.84)	20.41
LTRN	4.65	0.12	0.03	0.31	4.97	(5.59)	12.03	(6.68)	44.50
FENC	2.06	0.25	0.08	0.12	2.89	(2.29)	4.75	(3.56)	16.33
ELYM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ANIX	3.39	0.43	0.10	0.39	3.73	(4.00)	7.14	(6.59)	26.44
INMB	4.83	1.17	0.25	(1.17)	4.26	(5.87)	12.97	(6.87)	28.67
INAB	4.86	(0.18)	0.00	(0.29)	0.00	0.00	11.54	(9.37)	32.12
PYPD	3.67	(0.12)	0.00	0.08	0.00	0.00	5.74	(5.86)	33.58
XFOR	6.69	(0.86)	0.00	(2.29)	0.00	0.00	11.67	(14.29)	68.45
GRTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Cue Biopharma Corporate Management

MSE JD	General VP	Profile
JD MSc	CEO Director	Profile
Kenneth MD	Acting Officer	Profile
Dr III	CoFounder	Profile
Lucinda Warren	Chief Officer	Profile
KerriAnn CPA	Chief Officer	Profile

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