Structure Therapeutics Correlations

GPCR Stock

19.94 0.06 0.30%

The current 90-days correlation between Structure Therapeutics and Mirum Pharmaceuticals is 0.06 (i.e., Significant diversification). The correlation of Structure 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Structure Therapeutics Correlation With Market

Significant diversification

The correlation between Structure Therapeutics America and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Structure Therapeutics America 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 Structure Therapeutics American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Structure Stock

0.68	CDIOW	Cardio Diagnostics	Pair Corr
0.82	SCLX	Scilex Holding	Pair Corr
0.78	ASMB	Assembly Biosciences	Pair Corr
0.72	CMND	Clearmind Medicine Common	Pair Corr
0.65	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.77	CAT	Caterpillar	Pair Corr
0.72	HD	Home Depot	Pair Corr
0.7	DIS	Walt Disney	Pair Corr
0.83	MSFT	Microsoft	Pair Corr

Moving against Structure Stock

0.84	LUCD	Lucid Diagnostics	Pair Corr
0.68	WM	Waste Management	Pair Corr
0.44	GE	GE Aerospace	Pair Corr
0.36	PG	Procter Gamble Sell-off Trend	Pair Corr
0.81	JNJ	Johnson Johnson	Pair Corr
0.79	T	ATT Inc Sell-off Trend	Pair Corr
0.66	INTC	Intel	Pair Corr
0.65	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.65	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.51	IBM	International Business	Pair Corr
0.44	CSCO	Cisco Systems	Pair Corr
0.4	MMM	3M Company	Pair Corr
0.31	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	MIRM	RCKT	RNA	QURE	PTGX	IMCR	RVMD
MIRM		-0.18	0.42	-0.35	-0.18	0.26	-0.13	MIRM
RCKT	-0.18		-0.04	0.75	-0.64	0.21	0.91	RCKT
RNA	0.42	-0.04		0.2	0.17	0.11	0.2	RNA
QURE	-0.35	0.75	0.2		-0.16	0.21	0.74	QURE
PTGX	-0.18	-0.64	0.17	-0.16		-0.33	-0.57	PTGX
IMCR	0.26	0.21	0.11	0.21	-0.33		0.16	IMCR
RVMD	-0.13	0.91	0.2	0.74	-0.57	0.16		RVMD
	MIRM	RCKT	RNA	QURE	PTGX	IMCR	RVMD

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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

RVMD	+ 0.91	RCKT
QURE	+ 0.75	RCKT
RVMD	+ 0.74	QURE
RNA	+ 0.42	MIRM
IMCR	+ 0.26	MIRM
IMCR	+ 0.21	RCKT

High negative correlations

PTGX	- 0.64	RCKT
RVMD	- 0.57	PTGX
QURE	- 0.35	MIRM
IMCR	- 0.33	PTGX
PTGX	- 0.18	MIRM
RCKT	- 0.18	MIRM

Risk-Adjusted Indicators

There is a big difference between Structure Stock performing well and Structure 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 Structure 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
MIRM	1.80	0.24	0.12	0.14	1.77	(2.22)	5.32	(2.73)	13.96
RCKT	2.87	(0.51)	0.00	2.23	0.00	0.00	4.92	(6.16)	13.60
RNA	2.88	0.08	0.06	(0.13)	2.95	(3.65)	7.22	(4.63)	20.15
QURE	3.89	(0.09)	0.00	(0.24)	0.00	0.00	7.02	(9.75)	26.87
PTGX	2.78	0.43	0.20	(0.44)	2.42	(3.54)	3.48	(3.69)	50.66
IMCR	2.08	0.09	0.07	(0.30)	2.42	(2.20)	5.34	(4.18)	10.97
RVMD	1.72	(0.20)	0.00	0.38	0.00	0.00	4.37	(5.89)	11.35

Structure Therapeutics Corporate Management

Lani Ibarra	Senior Operations	Profile
Hui Lei	Senior Chemistry	Profile
Xichen Lin	Chief Officer	Profile
Yingli Ma	Chief Officer	Profile
Fang Zhang	Executive Biology	Profile

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