Enanta Pharmaceuticals Correlations

ENTA Stock

USD 8.83 0.27 3.15%

The current 90-days correlation between Enanta Pharmaceuticals and Design Therapeutics is 0.18 (i.e., Average diversification). The correlation of Enanta 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.

Enanta Pharmaceuticals Correlation With Market

Average diversification

The correlation between Enanta Pharmaceuticals and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enanta Pharmaceuticals 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 Enanta Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Moving together with Enanta Stock

0.76	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.89	MREO	Mereo BioPharma Group	Pair Corr
0.66	NKTX	Nkarta Inc Buyout Trend	Pair Corr
0.73	PEPG	PepGen	Pair Corr
0.72	ACRV	Acrivon Therapeutics,	Pair Corr
0.65	ADAP	Adaptimmune Therapeutics	Pair Corr
0.66	AFMD	Affimed NV	Pair Corr
0.64	APTO	Aptose Biosciences	Pair Corr
0.63	COLL	Collegium Pharmaceutical	Pair Corr

Moving against Enanta Stock

0.67	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.53	MNOV	MediciNova	Pair Corr
0.47	NAMS	NewAmsterdam Pharma	Pair Corr
0.61	VREX	Varex Imaging Corp	Pair Corr
0.6	AGIO	Agios Pharm	Pair Corr
0.58	AVTE	Aerovate Therapeutics	Pair Corr
0.48	SGMO	Sangamo Therapeutics Buyout Trend	Pair Corr
0.48	CRVS	Corvus Pharmaceuticals	Pair Corr
0.45	ANTX	AN2 Therapeutics	Pair Corr
0.38	ACIU	AC Immune	Pair Corr

Related Correlations Analysis

	GLUE	DSGN	HOWL	IKNA	STOK	CRNX	INBX	MRUS	LYEL	KRON
GLUE		0.52	-0.01	0.28	-0.06	0.54	-0.07	-0.19	-0.35	-0.45	GLUE
DSGN	0.52		0.1	0.34	0.03	0.59	0.3	-0.11	-0.18	-0.55	DSGN
HOWL	-0.01	0.1		0.05	0.05	0.38	0.28	0.49	-0.08	0.2	HOWL
IKNA	0.28	0.34	0.05		-0.13	0.35	0.0	0.26	-0.02	-0.13	IKNA
STOK	-0.06	0.03	0.05	-0.13		-0.2	0.34	0.26	0.48	0.25	STOK
CRNX	0.54	0.59	0.38	0.35	-0.2		0.1	0.25	-0.39	-0.46	CRNX
INBX	-0.07	0.3	0.28	0.0	0.34	0.1		0.43	0.19	0.14	INBX
MRUS	-0.19	-0.11	0.49	0.26	0.26	0.25	0.43		0.17	0.32	MRUS
LYEL	-0.35	-0.18	-0.08	-0.02	0.48	-0.39	0.19	0.17		0.44	LYEL
KRON	-0.45	-0.55	0.2	-0.13	0.25	-0.46	0.14	0.32	0.44		KRON
	GLUE	DSGN	HOWL	IKNA	STOK	CRNX	INBX	MRUS	LYEL	KRON

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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

CRNX	+ 0.59	DSGN
CRNX	+ 0.54	GLUE
DSGN	+ 0.52	GLUE
MRUS	+ 0.49	HOWL
LYEL	+ 0.48	STOK
KRON	+ 0.44	LYEL

High negative correlations

KRON	- 0.55	DSGN
KRON	- 0.46	CRNX
KRON	- 0.45	GLUE
LYEL	- 0.39	CRNX
LYEL	- 0.35	GLUE
CRNX	- 0.2	STOK

Risk-Adjusted Indicators

There is a big difference between Enanta Stock performing well and Enanta 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 Enanta 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
GLUE	4.99	0.61	0.18	0.32	3.86	(6.77)	7.42	(8.18)	102.66
DSGN	3.98	0.16	0.06	0.18	5.14	(4.42)	9.43	(7.45)	35.31
HOWL	4.64	(0.23)	(0.02)	0.01	4.47	(7.33)	8.54	(8.55)	49.02
IKNA	0.90	(0.11)	0.00	(0.09)	0.00	0.00	1.80	(1.74)	5.87
STOK	2.61	(0.33)	0.00	(0.13)	0.00	0.00	4.68	(6.99)	21.35
CRNX	1.71	0.00	0.00	0.12	2.47	(1.60)	3.67	(3.45)	16.75
INBX	2.31	0.19	0.03	4.73	2.70	(2.83)	5.54	(6.11)	16.80
MRUS	1.69	(0.37)	0.00	(0.21)	0.00	0.00	3.08	(2.83)	10.85
LYEL	4.80	(0.89)	0.00	(0.13)	0.00	0.00	13.39	(9.47)	36.92
KRON	2.63	(0.04)	(0.03)	(0.04)	3.32	(3.10)	5.75	(6.25)	16.20

Enanta Pharmaceuticals Corporate Management

Nathaniel JD	General VP	Profile
Scott MD	Senior Officer	Profile
Nathalie MD	Consultant	Profile
Jennifer Viera	Senior Communications	Profile
Tara Kieffer	Senior Development	Profile
Brendan Luu	Senior Development	Profile

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