Erasca Correlations

ERAS Stock

USD 1.48 0.04 2.78%

The current 90-days correlation between Erasca Inc and Keros Therapeutics is 0.21 (i.e., Modest diversification). The correlation of Erasca 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.

Erasca Correlation With Market

Modest diversification

The correlation between Erasca Inc and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Erasca Inc 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 Erasca Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Erasca Stock

0.79	ME	23Andme Holding	Pair Corr
0.78	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.93	VERA	Vera Therapeutics	Pair Corr
0.64	CDIOW	Cardio Diagnostics	Pair Corr
0.79	DSGN	Design Therapeutics	Pair Corr
0.93	VINC	Vincerx Pharma Earnings Call Next Week	Pair Corr
0.95	VKTX	Viking Therapeutics	Pair Corr
0.74	DYAI	Dyadic International Earnings Call This Week	Pair Corr
0.81	VRDN	Viridian Therapeutics	Pair Corr
0.79	VRPX	Virpax Pharmaceuticals	Pair Corr
0.86	VTRS	Viatris	Pair Corr
0.94	VTYX	Ventyx Biosciences	Pair Corr

Moving against Erasca Stock

0.86	VALN	Valneva SE ADR	Pair Corr
0.71	VIGL	Vigil Neuroscience	Pair Corr
0.65	DMAC	DiaMedica Therapeutics	Pair Corr
0.57	DVAX	Dynavax Technologies	Pair Corr
0.48	EQ	Equillium	Pair Corr
0.41	VERV	Verve Therapeutics	Pair Corr
0.35	DTIL	Precision BioSciences Earnings Call This Week	Pair Corr
0.94	VRNA	Verona Pharma PLC	Pair Corr
0.7	VRTX	Vertex Pharmaceuticals	Pair Corr
0.61	EDSA	Edesa Biotech	Pair Corr
0.59	VTVT	vTv Therapeutics	Pair Corr
0.58	SRZNW	Surrozen Warrant	Pair Corr
0.52	VSTM	Verastem	Pair Corr

Related Correlations Analysis

	IPSC	NGM	KROS	GLUE	GRCL	THRX	DSGN	EWTX	CCCC	MLYS
IPSC		0.0	0.64	0.63	0.0	0.0	0.71	0.53	0.9	0.22	IPSC
NGM	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NGM
KROS	0.64	0.0		0.71	0.0	0.0	0.56	0.36	0.44	0.33	KROS
GLUE	0.63	0.0	0.71		0.0	0.0	0.65	0.54	0.45	0.52	GLUE
GRCL	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	GRCL
THRX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	THRX
DSGN	0.71	0.0	0.56	0.65	0.0	0.0		0.58	0.49	0.58	DSGN
EWTX	0.53	0.0	0.36	0.54	0.0	0.0	0.58		0.52	0.25	EWTX
CCCC	0.9	0.0	0.44	0.45	0.0	0.0	0.49	0.52		-0.07	CCCC
MLYS	0.22	0.0	0.33	0.52	0.0	0.0	0.58	0.25	-0.07		MLYS
	IPSC	NGM	KROS	GLUE	GRCL	THRX	DSGN	EWTX	CCCC	MLYS

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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

CCCC	+ 0.9	IPSC
DSGN	+ 0.71	IPSC
GLUE	+ 0.71	KROS
DSGN	+ 0.65	GLUE
KROS	+ 0.64	IPSC
GLUE	+ 0.63	IPSC

High negative correlations

MLYS	- 0.07	CCCC
MLYS	- 0.0	THRX
CCCC	- 0.0	THRX
EWTX	- 0.0	THRX
DSGN	- 0.0	THRX
MLYS	- 0.0	GRCL

Risk-Adjusted Indicators

There is a big difference between Erasca Stock performing well and Erasca 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 Erasca'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
IPSC	2.96	(1.08)	0.00	(0.74)	0.00	0.00	5.88	(7.48)	17.02
NGM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KROS	4.01	(1.73)	0.00	(274.04)	0.00	0.00	4.41	(7.31)	76.68
GLUE	3.51	(0.31)	0.00	(0.33)	0.00	0.00	7.34	(8.27)	19.92
GRCL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
THRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DSGN	4.48	(0.24)	0.00	(0.44)	0.00	0.00	9.45	(11.01)	26.51
EWTX	2.88	0.06	0.00	(0.05)	0.00	0.00	5.32	(7.61)	26.44
CCCC	3.52	(0.77)	0.00	(0.41)	0.00	0.00	7.10	(8.28)	20.72
MLYS	4.27	0.28	0.11	(0.25)	4.47	(4.99)	10.04	(8.23)	50.53

Erasca Corporate Management

Michael Varney	Scientific Development	Profile
Lisa TesvichBonora	Chief Officer	Profile
Nik Chetwyn	VP Operations	Profile
CPA MS	VP Fin	Profile
Wei MD	Chief Officer	Profile
JD Esq	General Secretary	Profile
Esq JD	General Secretary	Profile

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