Erasca Correlations

ERAS Stock

USD 1.40 0.01 0.71%

The current 90-days correlation between Erasca Inc and Keros Therapeutics is 0.27 (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

Good diversification

The correlation between Erasca Inc and DJI is -0.05 (i.e., Good 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

0.8	ILMN	Illumina	Pair Corr
0.9	INZY	Inozyme Pharma	Pair Corr
0.88	ABOS	Acumen Pharmaceuticals	Pair Corr
0.88	ADTX	Aditxt Inc	Pair Corr
0.73	STRO	Sutro Biopharma	Pair Corr
0.84	TCRX	Tscan Therapeutics	Pair Corr
0.92	TERN	Terns Pharmaceuticals	Pair Corr
0.95	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.87	CTMX	CytomX Therapeutics	Pair Corr
0.68	DAWN	Day One Biopharmaceu	Pair Corr
0.65	TLKMF	Telkom Indonesia Tbk	Pair Corr

Moving against Erasca Stock

0.81	OPT	Opthea	Pair Corr
0.76	PHGE	Biomx Inc	Pair Corr
0.69	LTRN	Lantern Pharma	Pair Corr
0.65	GANX	Gain Therapeutics	Pair Corr
0.53	FENC	Fennec Pharmaceuticals	Pair Corr
0.51	CUE	Cue Biopharma	Pair Corr
0.45	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.36	A	Agilent Technologies	Pair Corr
0.64	DBVT	DBV Technologies Earnings Call This Week	Pair Corr
0.45	CPRX	Catalyst Pharmaceuticals	Pair Corr
0.38	CGTX	Cognition Therapeutics	Pair Corr
0.91	OBI	Ondine Biomedical	Pair Corr
0.85	GPI	Group 1 Automotive	Pair Corr
0.83	EC	Ecopetrol SA ADR	Pair Corr
0.72	SSNLF	Samsung Electronics	Pair Corr

Related Correlations Analysis

	IPSC	NGM	KROS	GLUE	GRCL	THRX	DSGN	EWTX	CCCC	MLYS
IPSC		0.0	0.87	0.86	0.0	0.0	0.73	0.76	0.84	0.83	IPSC
NGM	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NGM
KROS	0.87	0.0		0.88	0.0	0.0	0.57	0.76	0.66	0.69	KROS
GLUE	0.86	0.0	0.88		0.0	0.0	0.67	0.77	0.63	0.78	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	0.73	0.0	0.57	0.67	0.0	0.0		0.66	0.68	0.88	DSGN
EWTX	0.76	0.0	0.76	0.77	0.0	0.0	0.66		0.69	0.73	EWTX
CCCC	0.84	0.0	0.66	0.63	0.0	0.0	0.68	0.69		0.76	CCCC
MLYS	0.83	0.0	0.69	0.78	0.0	0.0	0.88	0.73	0.76		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

GLUE	+ 0.88	KROS
MLYS	+ 0.88	DSGN
KROS	+ 0.87	IPSC
GLUE	+ 0.86	IPSC
CCCC	+ 0.84	IPSC
MLYS	+ 0.83	IPSC

High negative correlations

MLYS	- 0.0	THRX
CCCC	- 0.0	THRX
EWTX	- 0.0	THRX
DSGN	- 0.0	THRX
MLYS	- 0.0	GRCL
CCCC	- 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
IPSC	3.18	(0.84)	(0.83)	6.29	(7.41)	31.00
NGM	0.00	0.00	0.00	0.00	0.00	0.00
KROS	4.17	(1.44)	(2.73)	5.53	(7.31)	82.94
GLUE	3.77	(0.29)	10.35	8.40	(8.27)	23.57
GRCL	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
DSGN	4.19	(0.06)	(0.07)	8.72	(11.01)	26.51
EWTX	2.69	(0.25)	0.28	4.81	(7.21)	26.44
CCCC	3.63	(0.57)	(0.31)	8.02	(6.03)	22.96
MLYS	3.38	(0.34)	(0.89)	7.79	(6.02)	21.81

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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