Mink Therapeutics Correlations

INKT Stock

USD 9.66 0.44 4.36%

The current 90-days correlation between Mink Therapeutics and Acumen Pharmaceuticals is 0.15 (i.e., Average diversification). The correlation of Mink 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.

Mink Therapeutics Correlation With Market

Average diversification

The correlation between Mink Therapeutics and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mink 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 Mink 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 industry.

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

Moving together with Mink Stock

0.69	CUE	Cue Biopharma	Pair Corr
0.68	OPT	Opthea Earnings Call Tomorrow	Pair Corr
0.8	GANX	Gain Therapeutics	Pair Corr
0.71	LTRN	Lantern Pharma	Pair Corr
0.72	PHGE	Biomx Inc	Pair Corr
0.7	OBI	Ondine Biomedical	Pair Corr

Moving against Mink Stock

0.69	INZY	Inozyme Pharma	Pair Corr
0.57	ILMN	Illumina	Pair Corr
0.53	ABOS	Acumen Pharmaceuticals	Pair Corr
0.34	NAMSW	NewAmsterdam Pharma	Pair Corr
0.69	CRNX	Crinetics Pharmaceuticals Earnings Call Tomorrow	Pair Corr
0.65	TERN	Terns Pharmaceuticals	Pair Corr
0.58	CTMX	CytomX Therapeutics	Pair Corr
0.56	ADTX	Aditxt Inc	Pair Corr
0.47	TCRX	Tscan Therapeutics	Pair Corr
0.47	DAWN	Day One Biopharmaceu	Pair Corr
0.33	EMBC	Embecta Corp	Pair Corr
0.48	PTAIY	Astra International Tbk Earnings Call Tomorrow	Pair Corr
0.4	ADUS	Addus HomeCare	Pair Corr
0.39	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.34	PTITF	PT Indosat Tbk	Pair Corr

Related Correlations Analysis

	AFMD	IMGN	ADAP	SGMO	DAWN	ABOS	XFOR	INZY	VECT	TERN
AFMD		0.0	0.69	0.6	0.78	0.94	-0.47	0.65	0.0	0.72	AFMD
IMGN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	IMGN
ADAP	0.69	0.0		0.4	0.68	0.69	-0.43	0.47	0.0	0.57	ADAP
SGMO	0.6	0.0	0.4		0.62	0.69	0.05	0.8	0.0	0.82	SGMO
DAWN	0.78	0.0	0.68	0.62		0.81	-0.33	0.6	0.0	0.67	DAWN
ABOS	0.94	0.0	0.69	0.69	0.81		-0.3	0.79	0.0	0.83	ABOS
XFOR	-0.47	0.0	-0.43	0.05	-0.33	-0.3		0.19	0.0	0.07	XFOR
INZY	0.65	0.0	0.47	0.8	0.6	0.79	0.19		0.0	0.91	INZY
VECT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	VECT
TERN	0.72	0.0	0.57	0.82	0.67	0.83	0.07	0.91	0.0		TERN
	AFMD	IMGN	ADAP	SGMO	DAWN	ABOS	XFOR	INZY	VECT	TERN

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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

ABOS	+ 0.94	AFMD
TERN	+ 0.91	INZY
TERN	+ 0.83	ABOS
TERN	+ 0.82	SGMO
ABOS	+ 0.81	DAWN
INZY	+ 0.8	SGMO

High negative correlations

XFOR	- 0.47	AFMD
XFOR	- 0.43	ADAP
XFOR	- 0.33	DAWN
XFOR	- 0.3	ABOS
TERN	- 0.0	VECT
VECT	- 0.0	INZY

Risk-Adjusted Indicators

There is a big difference between Mink Stock performing well and Mink 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 Mink 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
AFMD	3.77	(1.71)	0.00	3.45	0.00	0.00	6.00	(9.85)	43.61
IMGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ADAP	2.58	(0.05)	0.00	(0.18)	0.00	0.00	6.06	(4.55)	19.60
SGMO	5.46	(0.48)	0.00	(0.92)	0.00	0.00	10.31	(9.77)	85.68
DAWN	1.82	(0.12)	0.00	(0.25)	0.00	0.00	3.92	(3.28)	10.17
ABOS	3.00	(0.88)	0.00	(0.90)	0.00	0.00	6.70	(6.78)	15.46
XFOR	7.43	0.79	0.09	(0.46)	7.20	(11.46)	26.42	(13.51)	68.45
INZY	4.08	(1.20)	0.00	(0.97)	0.00	0.00	7.72	(8.61)	38.13
VECT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TERN	3.21	(0.67)	0.00	(0.60)	0.00	0.00	5.17	(6.98)	26.61

Mink Therapeutics Corporate Management

Kimberly Ha	Head Relations	Profile
Joy Zhou	Vice CMC	Profile
Marcus Dijk	Chief Officer	Profile
Heather Boussios	General Officer	Profile

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