Werewolf Therapeutics Correlations

HOWL Stock

USD 1.12 0.01 0.88%

The current 90-days correlation between Werewolf Therapeutics and Ikena Oncology is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Werewolf Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Werewolf Therapeutics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Werewolf Therapeutics Correlation With Market

Good diversification

The correlation between Werewolf Therapeutics and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Werewolf Therapeutics 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 Werewolf 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 housing.

For more information on how to buy Werewolf Stock please use our How to buy in Werewolf Stock guide.

Moving together with Werewolf Stock

0.62

CMND

Clearmind Medicine Common

Pair Corr

Moving against Werewolf Stock

0.44	WM	Waste Management	Pair Corr
0.41	LUCD	Lucid Diagnostics	Pair Corr
0.36	PG	Procter Gamble	Pair Corr
0.52	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.47	T	ATT Inc Sell-off Trend	Pair Corr
0.43	XOM	Exxon Mobil Corp Earnings Call Next Week	Pair Corr
0.41	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	GLUE	DSGN	IKNA	STOK	EWTX	DBTX	CELC	CCCC	TALS	ACET
GLUE		0.55	0.41	0.61	0.48	0.0	0.63	0.26	0.0	0.22	GLUE
DSGN	0.55		0.59	0.4	0.53	0.0	0.42	0.41	0.0	0.24	DSGN
IKNA	0.41	0.59		0.65	0.48	0.0	0.73	0.84	0.0	0.62	IKNA
STOK	0.61	0.4	0.65		0.7	0.0	0.74	0.75	0.0	0.6	STOK
EWTX	0.48	0.53	0.48	0.7		0.0	0.4	0.58	0.0	0.27	EWTX
DBTX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	DBTX
CELC	0.63	0.42	0.73	0.74	0.4	0.0		0.68	0.0	0.71	CELC
CCCC	0.26	0.41	0.84	0.75	0.58	0.0	0.68		0.0	0.67	CCCC
TALS	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	TALS
ACET	0.22	0.24	0.62	0.6	0.27	0.0	0.71	0.67	0.0		ACET
	GLUE	DSGN	IKNA	STOK	EWTX	DBTX	CELC	CCCC	TALS	ACET

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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

CCCC	+ 0.84	IKNA
CCCC	+ 0.75	STOK
CELC	+ 0.74	STOK
CELC	+ 0.73	IKNA
ACET	+ 0.71	CELC
EWTX	+ 0.7	STOK

High negative correlations

ACET	- 0.0	TALS
TALS	- 0.0	CCCC
TALS	- 0.0	CELC
ACET	- 0.0	DBTX
TALS	- 0.0	DBTX
CCCC	- 0.0	DBTX

Risk-Adjusted Indicators

There is a big difference between Werewolf Stock performing well and Werewolf 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 Werewolf 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
GLUE	3.54	(0.27)	0.00	(0.27)	0.00	0.00	7.34	(7.69)	30.08
DSGN	4.10	(0.19)	0.00	(0.23)	0.00	0.00	8.72	(9.07)	24.91
IKNA	2.07	(0.18)	0.00	(0.44)	0.00	0.00	4.65	(3.73)	16.13
STOK	3.45	(0.43)	0.00	(0.31)	0.00	0.00	7.03	(9.08)	20.29
EWTX	2.65	(0.40)	0.00	(0.31)	0.00	0.00	4.89	(7.61)	17.09
DBTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CELC	3.09	(0.11)	0.00	(0.17)	0.00	0.00	6.28	(7.81)	21.63
CCCC	3.43	(0.82)	0.00	(0.34)	0.00	0.00	6.86	(7.76)	19.46
TALS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ACET	3.39	0.08	0.03	0.84	3.68	(4.22)	9.78	(5.83)	20.19

Werewolf Therapeutics Corporate Management

Randi MD	Chief Officer	Profile
Timothy CPA	Treasurer CFO	Profile
Cynthia SeidelDugan	Chief Officer	Profile
Ellen MBA	Chief Officer	Profile
Daniel Hicklin	CEO, Founder	Profile
William Winston	Senior Research	Profile
Chulani Karunatilake	Chief Officer	Profile

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