Equillium Correlations

EQ Stock

USD 0.77 0.02 2.67%

The current 90-days correlation between Equillium and Hookipa Pharma is 0.04 (i.e., Significant diversification). The correlation of Equillium 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.

Equillium Correlation With Market

Good diversification

The correlation between Equillium and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Equillium 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 Equillium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

To learn how to invest in Equillium Stock, please use our How to Invest in Equillium guide.

Moving together with Equillium Stock

0.63	VALN	Valneva SE ADR Earnings Call Today	Pair Corr
0.64	VIGL	Vigil Neuroscience	Pair Corr
0.65	KTTAW	Pasithea Therapeutics	Pair Corr
0.72	VTVT	vTv Therapeutics Trending	Pair Corr

Moving against Equillium Stock

0.5	SABSW	SAB Biotherapeutics	Pair Corr
0.48	DRRX	Durect Earnings Call This Week	Pair Corr
0.47	DRTS	Alpha Tau Medical	Pair Corr
0.43	VERA	Vera Therapeutics	Pair Corr
0.35	DSGN	Design Therapeutics	Pair Corr
0.34	VINC	Vincerx Pharma	Pair Corr
0.33	ME	23Andme Holding	Pair Corr
0.5	VYGR	Voyager Therapeutics	Pair Corr
0.36	VRDN	Viridian Therapeutics	Pair Corr
0.32	VTYX	Ventyx Biosciences	Pair Corr

Related Correlations Analysis

	LYRA	HOOK	LIAN	JSPR	CINGW	SABS	ANEB	CVKD	MNPR	SPRO
LYRA		0.21	0.0	-0.08	0.08	0.07	0.12	0.1	-0.06	0.31	LYRA
HOOK	0.21		0.0	0.27	0.25	0.75	0.37	0.03	-0.08	0.72	HOOK
LIAN	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	LIAN
JSPR	-0.08	0.27	0.0		0.03	0.53	0.07	-0.71	-0.45	0.47	JSPR
CINGW	0.08	0.25	0.0	0.03		0.33	0.67	-0.07	0.02	0.16	CINGW
SABS	0.07	0.75	0.0	0.53	0.33		0.36	-0.37	-0.6	0.83	SABS
ANEB	0.12	0.37	0.0	0.07	0.67	0.36		0.16	0.04	0.32	ANEB
CVKD	0.1	0.03	0.0	-0.71	-0.07	-0.37	0.16		0.49	-0.25	CVKD
MNPR	-0.06	-0.08	0.0	-0.45	0.02	-0.6	0.04	0.49		-0.59	MNPR
SPRO	0.31	0.72	0.0	0.47	0.16	0.83	0.32	-0.25	-0.59		SPRO
	LYRA	HOOK	LIAN	JSPR	CINGW	SABS	ANEB	CVKD	MNPR	SPRO

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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

SPRO	+ 0.83	SABS
SABS	+ 0.75	HOOK
SPRO	+ 0.72	HOOK
ANEB	+ 0.67	CINGW
SABS	+ 0.53	JSPR
MNPR	+ 0.49	CVKD

High negative correlations

CVKD	- 0.71	JSPR
MNPR	- 0.6	SABS
SPRO	- 0.59	MNPR
MNPR	- 0.45	JSPR
CVKD	- 0.37	SABS
SPRO	- 0.25	CVKD

Risk-Adjusted Indicators

There is a big difference between Equillium Stock performing well and Equillium 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 Equillium'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
LYRA	2.90	(0.21)	0.00	(0.83)	0.00	0.00	5.56	(5.56)	25.31
HOOK	3.67	(0.99)	0.00	(3.33)	0.00	0.00	7.00	(7.55)	32.80
LIAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JSPR	4.90	(1.53)	0.00	10.22	0.00	0.00	8.23	(10.03)	68.83
CINGW	14.57	2.80	0.13	0.30	14.84	(17.55)	41.67	(29.41)	106.22
SABS	5.36	(0.97)	0.00	(1.35)	0.00	0.00	11.72	(9.41)	71.75
ANEB	5.11	0.40	0.06	0.18	5.31	(6.76)	19.58	(10.43)	40.87
CVKD	4.20	0.88	0.18	3.31	4.54	(5.18)	11.37	(8.49)	24.29
MNPR	6.36	1.01	0.13	4.18	7.34	(6.79)	15.06	(11.91)	38.32
SPRO	2.53	(0.50)	0.00	(1.38)	0.00	0.00	4.85	(6.25)	21.98

Equillium Corporate Management

Jason Keyes	Chief Officer	Profile
Matthew Ritter	Senior Development	Profile
Penny Tom	Principal Officer	Profile
Maple MD	Chief Officer	Profile
Krishna MD	Consultant	Profile

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