4D Molecular Correlations

FDMT Stock

USD 3.57 0.13 3.51%

The current 90-days correlation between 4D Molecular Therapeutics and Black Diamond Therapeutics is 0.31 (i.e., Weak diversification). The correlation of 4D Molecular 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.

4D Molecular Correlation With Market

Average diversification

The correlation between 4D Molecular Therapeutics and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 4D Molecular 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 4D Molecular 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 population.

Moving together with FDMT Stock

0.73	CDIOW	Cardio Diagnostics	Pair Corr
0.76	ELVN	Enliven Therapeutics Downward Rally	Pair Corr
0.71	SCLX	Scilex Holding	Pair Corr
0.78	ASMB	Assembly Biosciences Earnings Call Today	Pair Corr
0.67	CDIO	Cardio Diagnostics	Pair Corr
0.77	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.67	DIS	Walt Disney	Pair Corr
0.64	MSFT	Microsoft Aggressive Push	Pair Corr

Moving against FDMT Stock

0.72	LUCD	Lucid Diagnostics	Pair Corr
0.62	WM	Waste Management	Pair Corr
0.54	GE	GE Aerospace	Pair Corr
0.37	PLX	Protalix Biotherapeutics	Pair Corr
0.78	CVX	Chevron Corp	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.7	T	ATT Inc Aggressive Push	Pair Corr
0.69	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.61	MMM	3M Company	Pair Corr
0.59	INTC	Intel Sell-off Trend	Pair Corr
0.44	CSCO	Cisco Systems	Pair Corr
0.39	IBM	International Business	Pair Corr

Related Correlations Analysis

	TCRR	RVMD	BDTX	BCEL	PASG	IPSC	EWTX	CCCC	MLYS	CGEM
TCRR		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TCRR
RVMD	0.0		0.62	0.0	0.79	0.82	0.59	0.79	-0.23	0.84	RVMD
BDTX	0.0	0.62		0.0	0.56	0.54	0.56	0.75	-0.58	0.5	BDTX
BCEL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	BCEL
PASG	0.0	0.79	0.56	0.0		0.89	0.41	0.87	-0.2	0.86	PASG
IPSC	0.0	0.82	0.54	0.0	0.89		0.57	0.91	-0.22	0.91	IPSC
EWTX	0.0	0.59	0.56	0.0	0.41	0.57		0.57	-0.11	0.57	EWTX
CCCC	0.0	0.79	0.75	0.0	0.87	0.91	0.57		-0.43	0.86	CCCC
MLYS	0.0	-0.23	-0.58	0.0	-0.2	-0.22	-0.11	-0.43		-0.06	MLYS
CGEM	0.0	0.84	0.5	0.0	0.86	0.91	0.57	0.86	-0.06		CGEM
	TCRR	RVMD	BDTX	BCEL	PASG	IPSC	EWTX	CCCC	MLYS	CGEM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.91	IPSC
CGEM	+ 0.91	IPSC
IPSC	+ 0.89	PASG
CCCC	+ 0.87	PASG
CGEM	+ 0.86	PASG
CGEM	+ 0.86	CCCC

High negative correlations

MLYS	- 0.58	BDTX
MLYS	- 0.43	CCCC
MLYS	- 0.23	RVMD
MLYS	- 0.22	IPSC
MLYS	- 0.2	PASG
MLYS	- 0.11	EWTX

Risk-Adjusted Indicators

There is a big difference between FDMT Stock performing well and 4D Molecular 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 4D Molecular'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
TCRR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RVMD	1.77	(0.23)	0.00	(0.16)	0.00	0.00	4.37	(5.89)	11.35
BDTX	3.96	(0.56)	0.00	(6.69)	0.00	0.00	7.09	(7.35)	29.04
BCEL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PASG	4.02	(0.24)	0.00	(0.22)	0.00	0.00	7.69	(8.96)	56.48
IPSC	2.99	(1.08)	0.00	(0.55)	0.00	0.00	5.88	(7.48)	17.02
EWTX	2.65	(0.45)	0.00	(0.93)	0.00	0.00	4.89	(7.61)	17.09
CCCC	3.36	(0.86)	0.00	(0.31)	0.00	0.00	6.86	(7.76)	19.46
MLYS	4.36	0.68	0.14	(0.35)	4.26	(5.13)	10.04	(8.23)	50.53
CGEM	2.58	(0.45)	0.00	(0.77)	0.00	0.00	5.13	(6.43)	15.27

4D Molecular Corporate Management

FAAAAI FAAP	Senior Pulmonology	Profile
Christopher Simms	Chief Officer	Profile
Uneek Mehra	Chief Officer	Profile
JD Esq	Chief Officer	Profile
Mike Zanoni	VP Relations	Profile
Noriyuki MD	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC