Gossamer Bio Correlations

GOSS Stock

USD 0.70 0.04 6.06%

The current 90-days correlation between Gossamer Bio and Biomea Fusion is 0.16 (i.e., Average diversification). The correlation of Gossamer Bio 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.

Gossamer Bio Correlation With Market

Average diversification

The correlation between Gossamer Bio and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gossamer Bio 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 Gossamer Bio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Gossamer Stock please use our How to Invest in Gossamer Bio guide.

Moving together with Gossamer Stock

0.7	HLN	Haleon plc	Pair Corr
0.73	LLY	Eli Lilly	Pair Corr
0.62	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.82	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.71	RDY	Dr Reddys Laboratories	Pair Corr
0.68	TAK	Takeda Pharmaceutical	Pair Corr
0.71	ZTS	Zoetis Inc	Pair Corr
0.64	ABBV	AbbVie Inc Sell-off Trend	Pair Corr
0.73	AMGN	Amgen Inc	Pair Corr
0.71	ANEB	Anebulo Pharmaceuticals	Pair Corr
0.71	APGE	Apogee Therapeutics,	Pair Corr

Moving against Gossamer Stock

0.81	VTRS	Viatris	Pair Corr
0.64	ESPR	Esperion Therapeutics Buyout Trend	Pair Corr
0.6	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr
0.39	GILD	Gilead Sciences	Pair Corr
0.34	WAT	Waters	Pair Corr
0.78	DXCM	DexCom Inc Sell-off Trend	Pair Corr
0.72	MNMD	Mind Medicine	Pair Corr
0.57	EW	Edwards Lifesciences Corp	Pair Corr
0.55	BSX	Boston Scientific Corp Sell-off Trend	Pair Corr
0.52	ABT	Abbott Laboratories Sell-off Trend	Pair Corr
0.49	NBIX	Neurocrine Biosciences	Pair Corr
0.4	CPRX	Catalyst Pharmaceuticals	Pair Corr
0.38	MOLN	Molecular Partners	Pair Corr

Related Correlations Analysis

	BMEA	STOK	AKRO	FIXX	REPL	NVCT	LYRA	KRON	PASG	BDTX
BMEA		-0.33	0.1	0.31	0.08	0.28	0.08	0.32	-0.13	-0.25	BMEA
STOK	-0.33		-0.43	-0.24	-0.48	0.24	0.63	0.25	0.64	0.75	STOK
AKRO	0.1	-0.43		-0.28	0.7	0.33	-0.34	-0.47	-0.48	-0.77	AKRO
FIXX	0.31	-0.24	-0.28		-0.04	-0.37	-0.15	0.22	0.02	0.08	FIXX
REPL	0.08	-0.48	0.7	-0.04		0.12	-0.37	-0.33	-0.23	-0.65	REPL
NVCT	0.28	0.24	0.33	-0.37	0.12		0.41	-0.04	0.11	-0.04	NVCT
LYRA	0.08	0.63	-0.34	-0.15	-0.37	0.41		0.65	0.68	0.72	LYRA
KRON	0.32	0.25	-0.47	0.22	-0.33	-0.04	0.65		0.5	0.57	KRON
PASG	-0.13	0.64	-0.48	0.02	-0.23	0.11	0.68	0.5		0.76	PASG
BDTX	-0.25	0.75	-0.77	0.08	-0.65	-0.04	0.72	0.57	0.76		BDTX
	BMEA	STOK	AKRO	FIXX	REPL	NVCT	LYRA	KRON	PASG	BDTX

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

BDTX	+ 0.76	PASG
BDTX	+ 0.75	STOK
BDTX	+ 0.72	LYRA
REPL	+ 0.7	AKRO
PASG	+ 0.68	LYRA
KRON	+ 0.65	LYRA

High negative correlations

BDTX	- 0.77	AKRO
BDTX	- 0.65	REPL
PASG	- 0.48	AKRO
REPL	- 0.48	STOK
KRON	- 0.47	AKRO
AKRO	- 0.43	STOK

Risk-Adjusted Indicators

There is a big difference between Gossamer Stock performing well and Gossamer 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 Gossamer 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
BMEA	3.46	(0.17)	0.00	(0.07)	0.00	0.00	9.12	(8.16)	24.44
STOK	2.61	(0.33)	0.00	(0.13)	0.00	0.00	4.68	(6.99)	21.35
AKRO	2.37	0.13	0.07	0.19	2.66	(2.46)	5.23	(4.45)	13.37
FIXX	2.82	0.04	0.01	0.16	3.52	(3.25)	5.77	(5.61)	19.43
REPL	3.36	0.45	0.13	0.37	3.38	(3.67)	8.25	(6.02)	46.30
NVCT	4.37	(0.34)	0.00	0.00	0.00	0.00	10.84	(10.50)	75.91
LYRA	4.16	(0.78)	0.00	(0.48)	0.00	0.00	8.00	(10.00)	41.07
KRON	2.63	(0.04)	(0.03)	(0.04)	3.32	(3.10)	5.75	(6.25)	16.20
PASG	5.09	(0.25)	(0.01)	0.02	5.96	(5.86)	10.00	(10.45)	25.50
BDTX	3.53	(1.50)	0.00	(0.59)	0.00	0.00	5.47	(8.30)	19.51

Gossamer Bio Corporate Management

Colin Rowlings	Senior CMC	Profile
Robert Smith	Chief Officer	Profile
Matt Cravets	Senior Biometrics	Profile
Jeff Boerneke	General Secretary	Profile
Richard MD	Chief Officer	Profile
Mario Orlando	Senior Planning	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