Fate Therapeutics Correlations

FATE Stock  USD 0.91  0.03  3.19%   
The current 90-days correlation between Fate Therapeutics and Caribou Biosciences is 0.51 (i.e., Very weak diversification). The correlation of Fate Therapeutics 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.

Fate Therapeutics Correlation With Market

Weak diversification

The correlation between Fate Therapeutics and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fate Therapeutics 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 Fate Therapeutics. 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 Fate Stock refer to our How to Trade Fate Stock guide.

Moving together with Fate Stock

  0.64VOR Vor BiopharmaPairCorr
  0.74SNDL SNDL IncPairCorr
  0.67GKOS Glaukos CorpPairCorr
  0.78MDAI Spectral AIPairCorr
  0.62OTRK Ontrak IncPairCorr
  0.64APYX Apyx MedicalPairCorr

Moving against Fate Stock

  0.53CMRX ChimerixPairCorr
  0.38CPIX Cumberland PharmaceuticalsPairCorr
  0.33FNA Paragon 28PairCorr
  0.44NVRO Nevro CorpPairCorr
  0.41INMD InModePairCorr
  0.35LUCD Lucid DiagnosticsPairCorr
  0.77NHNCF NAVER CorpPairCorr
  0.57PKX POSCO HoldingsPairCorr
  0.55BRK-A Berkshire HathawayPairCorr
  0.54BRK-B Berkshire HathawayPairCorr
  0.47SWZNF Schweizerische NationalbankPairCorr
  0.39FWEDF Fireweed ZincPairCorr

Related Correlations Analysis

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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   
RCUSCRBU
CRSPEDIT
CRBUATRA
NTLACRBU
RCUSATRA
NTLAATRA
  
High negative correlations   
EDITRCUS
CRSPRCUS
CRSPATRA
EDITATRA
SANAATRA
NTLASANA

Risk-Adjusted Indicators

There is a big difference between Fate Stock performing well and Fate Therapeutics 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 Fate Therapeutics' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ATRA  6.26 (0.64) 0.00  0.34  0.00 
 13.43 
 55.97 
SANA  7.94  2.04  0.27  0.73  6.03 
 10.15 
 178.30 
CRBU  3.07 (0.76) 0.00 (0.78) 0.00 
 5.26 
 17.85 
RCUS  2.51 (0.84) 0.00 (0.95) 0.00 
 3.18 
 22.17 
NTLA  3.82 (0.29) 0.00 (0.27) 0.00 
 7.76 
 20.66 
EDIT  6.83  1.06  0.10  0.20  7.99 
 12.20 
 119.53 
CRSP  2.64  0.15  0.05  0.07  2.85 
 5.26 
 19.32 
VERV  4.41  0.17  0.02  0.02  4.88 
 9.19 
 30.05 
THRX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
LIFE  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 

Fate Therapeutics Corporate Management

Barbara HickingbottomSenior DevelopmentProfile
Tunde BabalolaSenior OperationsProfile
Andrew HenrySenior OperationsProfile
Jessica FrancisVice OperationsProfile
YuWaye MDChief OfficerProfile
Cindy TahlGeneral SecretaryProfile
Edward IIIChief OfficerProfile