4D Molecular Correlations

FDMT Stock

USD 4.54 0.02 0.44%

The current 90-days correlation between 4D Molecular Therapeutics and Revolution Medicines 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

Significant diversification

The correlation between 4D Molecular Therapeutics and DJI is 0.09 (i.e., Significant 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

0.66	TERN	Terns Pharmaceuticals	Pair Corr
0.78	CTMX	CytomX Therapeutics	Pair Corr
0.62	EMBC	Embecta Corp	Pair Corr

Moving against FDMT Stock

0.34	GANX	Gain Therapeutics	Pair Corr
0.34	PHGE	Biomx Inc	Pair Corr
0.34	CGTX	Cognition Therapeutics	Pair Corr
0.5	OBI	Ondine Biomedical	Pair Corr
0.48	SSNLF	Samsung Electronics	Pair Corr
0.39	EC	Ecopetrol SA ADR Earnings Call Tomorrow	Pair Corr
0.33	PTITF	PT Indosat Tbk	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		0.44	0.0	0.13	0.76	0.75	0.63	0.61	0.74	RVMD
BDTX	0.0	0.44		0.0	0.14	0.35	0.59	0.38	0.11	0.29	BDTX
BCEL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	BCEL
PASG	0.0	0.13	0.14	0.0		0.63	0.28	0.52	0.56	0.52	PASG
IPSC	0.0	0.76	0.35	0.0	0.63		0.75	0.84	0.81	0.88	IPSC
EWTX	0.0	0.75	0.59	0.0	0.28	0.75		0.69	0.56	0.71	EWTX
CCCC	0.0	0.63	0.38	0.0	0.52	0.84	0.69		0.7	0.85	CCCC
MLYS	0.0	0.61	0.11	0.0	0.56	0.81	0.56	0.7		0.85	MLYS
CGEM	0.0	0.74	0.29	0.0	0.52	0.88	0.71	0.85	0.85		CGEM
	TCRR	RVMD	BDTX	BCEL	PASG	IPSC	EWTX	CCCC	MLYS	CGEM

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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

CGEM	+ 0.88	IPSC
CGEM	+ 0.85	CCCC
CGEM	+ 0.85	MLYS
CCCC	+ 0.84	IPSC
MLYS	+ 0.81	IPSC
IPSC	+ 0.76	RVMD

High negative correlations

CGEM	- 0.0	BCEL
MLYS	- 0.0	BCEL
CCCC	- 0.0	BCEL
EWTX	- 0.0	BCEL
IPSC	- 0.0	BCEL
PASG	- 0.0	BCEL

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	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
RVMD	1.72	(0.39)	(0.53)	0.00	0.00	2.10	(5.94)	14.57
BDTX	3.54	(0.22)	(0.19)	0.00	0.00	5.02	(6.45)	29.04
BCEL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PASG	5.70	0.03	(0.03)	5.73	(9.92)	9.86	(11.88)	84.39
IPSC	3.23	(0.79)	(0.75)	0.00	0.00	6.29	(7.41)	31.00
EWTX	2.69	(0.25)	(0.14)	0.00	0.00	4.81	(7.21)	26.44
CCCC	3.58	(0.54)	(0.29)	0.00	0.00	8.02	(6.03)	22.96
MLYS	3.35	(0.24)	(0.48)	0.00	0.00	7.79	(6.02)	26.52
CGEM	2.48	(0.65)	(1.68)	0.00	0.00	4.98	(6.27)	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

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