Exelixis Correlations

EXEL Stock

USD 36.58 0.22 0.61%

The current 90-days correlation between Exelixis and TG Therapeutics is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Exelixis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exelixis moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Exelixis Correlation With Market

Average diversification

The correlation between Exelixis and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Exelixis 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 Exelixis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more information on how to buy Exelixis Stock please use our How to buy in Exelixis Stock guide.

Moving together with Exelixis Stock

0.69

DVAX

Dynavax Technologies

Pair Corr

Moving against Exelixis Stock

0.75	VCYT	Veracyte	Pair Corr
0.72	VCEL	Vericel Corp Ord	Pair Corr
0.7	DNLI	Denali Therapeutics	Pair Corr
0.65	A	Agilent Technologies	Pair Corr
0.61	ME	23Andme Holding	Pair Corr
0.58	VERA	Vera Therapeutics	Pair Corr
0.56	CDIOW	Cardio Diagnostics	Pair Corr
0.48	DRTS	Alpha Tau Medical	Pair Corr
0.46	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.41	SABSW	SAB Biotherapeutics	Pair Corr
0.38	VINC	Vincerx Pharma	Pair Corr
0.38	VKTX	Viking Therapeutics	Pair Corr
0.37	VERV	Verve Therapeutics	Pair Corr
0.74	VRDN	Viridian Therapeutics Downward Rally	Pair Corr
0.68	ELDN	Eledon Pharmaceuticals Earnings Call This Week	Pair Corr
0.67	VXRT	Vaxart Inc	Pair Corr
0.63	VYGR	Voyager Therapeutics	Pair Corr
0.6	VRPX	Virpax Pharmaceuticals	Pair Corr
0.6	ELAN	Elanco Animal Health	Pair Corr
0.56	VTRS	Viatris	Pair Corr
0.51	DYAI	Dyadic International Earnings Call This Week	Pair Corr
0.51	VTYX	Ventyx Biosciences	Pair Corr
0.48	ELEV	Elevation Oncology	Pair Corr
0.47	VRAX	Virax Biolabs Group	Pair Corr
0.34	VYNE	Vyne Therapeutics	Pair Corr

Related Correlations Analysis

	TGTX	VKTX	MDGL	BTAI	BMRN	SGEN	ALNY	HALO	XFOR	PDSB
TGTX		-0.26	0.25	-0.36	0.46	0.0	-0.03	0.41	-0.41	-0.28	TGTX
VKTX	-0.26		-0.45	0.82	-0.21	0.0	-0.24	-0.9	0.75	0.88	VKTX
MDGL	0.25	-0.45		-0.55	0.32	0.0	0.27	0.57	-0.3	-0.33	MDGL
BTAI	-0.36	0.82	-0.55		-0.43	0.0	-0.08	-0.79	0.73	0.74	BTAI
BMRN	0.46	-0.21	0.32	-0.43		0.0	-0.59	0.3	-0.41	-0.36	BMRN
SGEN	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	SGEN
ALNY	-0.03	-0.24	0.27	-0.08	-0.59	0.0		0.31	-0.03	-0.01	ALNY
HALO	0.41	-0.9	0.57	-0.79	0.3	0.0	0.31		-0.81	-0.82	HALO
XFOR	-0.41	0.75	-0.3	0.73	-0.41	0.0	-0.03	-0.81		0.77	XFOR
PDSB	-0.28	0.88	-0.33	0.74	-0.36	0.0	-0.01	-0.82	0.77		PDSB
	TGTX	VKTX	MDGL	BTAI	BMRN	SGEN	ALNY	HALO	XFOR	PDSB

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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

PDSB	+ 0.88	VKTX
BTAI	+ 0.82	VKTX
PDSB	+ 0.77	XFOR
XFOR	+ 0.75	VKTX
PDSB	+ 0.74	BTAI
XFOR	+ 0.73	BTAI

High negative correlations

HALO	- 0.9	VKTX
PDSB	- 0.82	HALO
XFOR	- 0.81	HALO
HALO	- 0.79	BTAI
ALNY	- 0.59	BMRN
BTAI	- 0.55	MDGL

Risk-Adjusted Indicators

There is a big difference between Exelixis Stock performing well and Exelixis 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 Exelixis' 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
TGTX	2.89	0.44	0.16	0.97	2.82	(3.69)	7.64	(4.98)	18.67
VKTX	3.69	(0.61)	0.00	(1.08)	0.00	0.00	8.39	(10.98)	24.65
MDGL	3.02	0.29	0.07	0.16	3.99	(3.04)	7.64	(5.66)	23.14
BTAI	8.59	(0.78)	0.00	(0.62)	0.00	0.00	22.99	(17.78)	101.61
BMRN	1.18	0.12	0.11	1.33	1.61	(1.11)	3.04	(3.32)	8.07
SGEN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALNY	1.67	0.10	0.05	0.00	2.00	(1.98)	4.37	(3.50)	15.40
HALO	1.02	0.42	0.34	0.78	0.93	(1.17)	2.51	(1.79)	7.81
XFOR	7.27	(0.22)	0.00	(1.60)	0.00	0.00	13.85	(14.29)	68.45
PDSB	4.61	(0.48)	0.00	(0.63)	0.00	0.00	9.21	(9.22)	33.91

Exelixis Corporate Management

Amy MD	Product VP	Profile
Laura Dillard	Executive Resources	Profile
Tony Redmond	Senior Resources	Profile
Gregg Bernier	VP Marketing	Profile
William MD	Senior Affairs	Profile

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