Generation Bio Correlations

GBIO Stock

USD 0.50 0.02 3.85%

The current 90-days correlation between Generation Bio and Kronos Bio is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Generation Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Generation Bio Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Generation Bio Correlation With Market

Average diversification

The correlation between Generation Bio Co and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Generation Bio Co and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Generation Bio Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Generation Stock

0.65	MBIO	Mustang Bio	Pair Corr
0.7	MDXG	MiMedx Group	Pair Corr
0.74	MGNX	MacroGenics	Pair Corr
0.63	VCEL	Vericel Corp Ord	Pair Corr
0.61	VCYT	Veracyte	Pair Corr
0.61	VERA	Vera Therapeutics	Pair Corr
0.63	DRMA	Dermata Therapeutics	Pair Corr
0.63	MLTX	MoonLake Immunotherapeuti	Pair Corr
0.79	MNKD	MannKind Corp	Pair Corr
0.64	MNOV	MediciNova	Pair Corr

Moving against Generation Stock

0.65	VALN	Valneva SE ADR	Pair Corr
0.62	DOMH	Dominari Holdings	Pair Corr
0.54	MGTX	MeiraGTx Holdings PLC	Pair Corr
0.52	MDCX	Medicus Pharma	Pair Corr
0.38	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.34	EQ	Equillium	Pair Corr
0.43	DTIL	Precision BioSciences Earnings Call This Week	Pair Corr
0.71	REVBW	Revelation Biosciences	Pair Corr
0.62	MRUS	Merus BV	Pair Corr
0.44	VIGL	Vigil Neuroscience	Pair Corr
0.32	MNPR	Monopar Therapeutics Earnings Call This Week	Pair Corr

Related Correlations Analysis

	GLUE	NKTX	LYEL	SANA	KRON	ERAS	CCCC	EWTX	IPSC	PASG
GLUE		0.11	-0.15	-0.36	-0.12	0.19	0.01	0.25	0.05	0.07	GLUE
NKTX	0.11		-0.06	0.06	0.61	0.72	0.91	0.48	0.82	0.81	NKTX
LYEL	-0.15	-0.06		-0.27	-0.01	0.06	-0.08	0.1	0.07	0.07	LYEL
SANA	-0.36	0.06	-0.27		0.49	-0.43	-0.06	-0.27	-0.29	-0.27	SANA
KRON	-0.12	0.61	-0.01	0.49		0.06	0.46	0.17	0.27	0.32	KRON
ERAS	0.19	0.72	0.06	-0.43	0.06		0.79	0.49	0.94	0.86	ERAS
CCCC	0.01	0.91	-0.08	-0.06	0.46	0.79		0.55	0.91	0.88	CCCC
EWTX	0.25	0.48	0.1	-0.27	0.17	0.49	0.55		0.56	0.42	EWTX
IPSC	0.05	0.82	0.07	-0.29	0.27	0.94	0.91	0.56		0.9	IPSC
PASG	0.07	0.81	0.07	-0.27	0.32	0.86	0.88	0.42	0.9		PASG
	GLUE	NKTX	LYEL	SANA	KRON	ERAS	CCCC	EWTX	IPSC	PASG

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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

IPSC	+ 0.94	ERAS
CCCC	+ 0.91	NKTX
IPSC	+ 0.91	CCCC
PASG	+ 0.9	IPSC
PASG	+ 0.88	CCCC
PASG	+ 0.86	ERAS

High negative correlations

ERAS	- 0.43	SANA
SANA	- 0.36	GLUE
IPSC	- 0.29	SANA
PASG	- 0.27	SANA
EWTX	- 0.27	SANA
SANA	- 0.27	LYEL

Risk-Adjusted Indicators

There is a big difference between Generation Stock performing well and Generation Bio 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 Generation Bio'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
GLUE	3.40	(0.19)	0.00	(0.37)	0.00	0.00	7.34	(6.48)	30.08
NKTX	3.11	(0.54)	0.00	(0.73)	0.00	0.00	7.33	(6.11)	20.80
LYEL	4.11	0.02	0.00	(0.06)	0.00	0.00	7.69	(8.62)	29.45
SANA	7.56	1.66	0.22	0.58	6.10	(10.29)	10.15	(11.52)	178.30
KRON	1.69	(0.12)	0.00	(0.27)	0.00	0.00	3.19	(3.16)	12.10
ERAS	3.24	(0.60)	0.00	(0.49)	0.00	0.00	7.57	(8.74)	21.39
CCCC	3.36	(0.84)	0.00	(0.39)	0.00	0.00	6.86	(7.76)	19.46
EWTX	2.92	(0.07)	0.00	(0.12)	0.00	0.00	5.32	(7.61)	26.44
IPSC	2.92	(1.00)	0.00	(0.69)	0.00	0.00	5.88	(7.48)	17.02
PASG	4.19	(0.30)	0.00	(0.29)	0.00	0.00	7.69	(8.96)	56.48

Generation Bio Corporate Management

Caitlin MBA	Senior Development	Profile
Robert Kotin	CoFounder Advisor	Profile
Sara Besten	Chief Officer	Profile
Tracy Zimmermann	Chief Officer	Profile
Phillip Samayoa	Chief Officer	Profile
Jasmin Tower	Chief Officer	Profile
MBA MD	Chief Officer	Profile

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