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

0.64	VOR	Vor Biopharma	Pair Corr
0.74	SNDL	SNDL Inc	Pair Corr
0.67	GKOS	Glaukos Corp	Pair Corr
0.78	MDAI	Spectral AI	Pair Corr
0.62	OTRK	Ontrak Inc	Pair Corr
0.64	APYX	Apyx Medical	Pair Corr

Moving against Fate Stock

0.53	CMRX	Chimerix	Pair Corr
0.38	CPIX	Cumberland Pharmaceuticals	Pair Corr
0.33	FNA	Paragon 28	Pair Corr
0.44	NVRO	Nevro Corp	Pair Corr
0.41	INMD	InMode	Pair Corr
0.35	LUCD	Lucid Diagnostics	Pair Corr
0.77	NHNCF	NAVER Corp	Pair Corr
0.57	PKX	POSCO Holdings	Pair Corr
0.55	BRK-A	Berkshire Hathaway	Pair Corr
0.54	BRK-B	Berkshire Hathaway	Pair Corr
0.47	SWZNF	Schweizerische Nationalbank	Pair Corr
0.39	FWEDF	Fireweed Zinc	Pair Corr

Related Correlations Analysis

	ATRA	SANA	CRBU	RCUS	NTLA	EDIT	CRSP	VERV	THRX	LIFE
ATRA		-0.35	0.74	0.7	0.57	-0.35	-0.38	-0.27	0.0	0.0	ATRA
SANA	-0.35		-0.09	-0.07	-0.3	0.02	0.12	0.39	0.0	0.0	SANA
CRBU	0.74	-0.09		0.94	0.72	-0.28	-0.2	0.02	0.0	0.0	CRBU
RCUS	0.7	-0.07	0.94		0.55	-0.48	-0.4	0.02	0.0	0.0	RCUS
NTLA	0.57	-0.3	0.72	0.55		0.23	0.31	0.09	0.0	0.0	NTLA
EDIT	-0.35	0.02	-0.28	-0.48	0.23		0.77	0.17	0.0	0.0	EDIT
CRSP	-0.38	0.12	-0.2	-0.4	0.31	0.77		0.46	0.0	0.0	CRSP
VERV	-0.27	0.39	0.02	0.02	0.09	0.17	0.46		0.0	0.0	VERV
THRX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	THRX
LIFE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		LIFE
	ATRA	SANA	CRBU	RCUS	NTLA	EDIT	CRSP	VERV	THRX	LIFE

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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

RCUS	+ 0.94	CRBU
CRSP	+ 0.77	EDIT
CRBU	+ 0.74	ATRA
NTLA	+ 0.72	CRBU
RCUS	+ 0.7	ATRA
NTLA	+ 0.57	ATRA

High negative correlations

EDIT	- 0.48	RCUS
CRSP	- 0.4	RCUS
CRSP	- 0.38	ATRA
EDIT	- 0.35	ATRA
SANA	- 0.35	ATRA
NTLA	- 0.3	SANA

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ATRA	6.26	(0.64)	0.00	0.34	0.00	0.00	13.43	(10.72)	55.97
SANA	7.94	2.04	0.27	0.73	6.03	(10.82)	10.15	(10.07)	178.30
CRBU	3.07	(0.76)	0.00	(0.78)	0.00	0.00	5.26	(6.86)	17.85
RCUS	2.51	(0.84)	0.00	(0.95)	0.00	0.00	3.18	(5.23)	22.17
NTLA	3.82	(0.29)	0.00	(0.27)	0.00	0.00	7.76	(7.09)	20.66
EDIT	6.83	1.06	0.10	0.20	7.99	(8.68)	12.20	(9.27)	119.53
CRSP	2.64	0.15	0.05	0.07	2.85	(2.82)	5.26	(4.42)	19.32
VERV	4.41	0.17	0.02	0.02	4.88	(4.95)	9.19	(7.99)	30.05
THRX	0.00	0.00	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	0.00	0.00

Fate Therapeutics Corporate Management

Barbara Hickingbottom	Senior Development	Profile
Tunde Babalola	Senior Operations	Profile
Andrew Henry	Senior Operations	Profile
Jessica Francis	Vice Operations	Profile
YuWaye MD	Chief Officer	Profile
Cindy Tahl	General Secretary	Profile
Edward III	Chief Officer	Profile

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