Day One Correlations

DAWN Stock

USD 8.12 0.16 1.93%

The current 90-days correlation between Day One Biopharmaceu and Mereo BioPharma Group is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Day One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Day One Biopharmaceuticals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Day One Correlation With Market

Modest diversification

The correlation between Day One Biopharmaceuticals and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Day One Biopharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Day One Biopharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Day Stock

0.77	SCLX	Scilex Holding	Pair Corr
0.86	CMND	Clearmind Medicine Common	Pair Corr
0.61	CAT	Caterpillar	Pair Corr
0.73	HD	Home Depot	Pair Corr

Moving against Day Stock

0.67	LUCD	Lucid Diagnostics	Pair Corr
0.41	PG	Procter Gamble	Pair Corr
0.35	WM	Waste Management	Pair Corr
0.57	JNJ	Johnson Johnson	Pair Corr
0.52	T	ATT Inc Aggressive Push	Pair Corr
0.36	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	XFOR	INZY	ABOS	MREO	TERN	ELDN	HOOK	PDSB
XFOR		0.85	0.85	0.89	0.92	0.72	0.78	0.86	XFOR
INZY	0.85		0.82	0.9	0.91	0.44	0.53	0.76	INZY
ABOS	0.85	0.82		0.9	0.94	0.58	0.81	0.84	ABOS
MREO	0.89	0.9	0.9		0.95	0.58	0.71	0.8	MREO
TERN	0.92	0.91	0.94	0.95		0.64	0.79	0.85	TERN
ELDN	0.72	0.44	0.58	0.58	0.64		0.78	0.65	ELDN
HOOK	0.78	0.53	0.81	0.71	0.79	0.78		0.7	HOOK
PDSB	0.86	0.76	0.84	0.8	0.85	0.65	0.7		PDSB
	XFOR	INZY	ABOS	MREO	TERN	ELDN	HOOK	PDSB

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Risk-Adjusted Indicators

There is a big difference between Day Stock performing well and Day One 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 Day One'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
XFOR	5.79	(1.41)	(0.98)	6.67	(13.33)	68.45
INZY	4.13	(1.67)	(0.96)	6.82	(9.17)	36.29
ABOS	2.94	(0.73)	(0.52)	6.57	(5.85)	19.77
MREO	2.62	(0.78)	(1.16)	5.69	(6.13)	17.45
TERN	2.99	(0.98)	(1.47)	4.94	(6.75)	19.13
ELDN	2.78	(0.40)	(0.29)	4.71	(5.28)	21.45
HOOK	3.51	(0.56)	3.47	6.37	(7.50)	32.80
PDSB	4.50	(0.40)	(0.50)	9.21	(9.22)	33.91

Day One Corporate Management

PharmD Chiodin	Chief Officer	Profile
Jaa Roberson	Chief Officer	Profile
Elly MD	Chief Officer	Profile
Adam Dubow	General Counsel	Profile
Lauren MBA	Chief Officer	Profile
Adam JD	General Officer	Profile

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