Kymera Therapeutics Correlations

KYMR Stock

USD 32.54 0.67 2.02%

The current 90-days correlation between Kymera Therapeutics and Foghorn Therapeutics is 0.37 (i.e., Weak diversification). The correlation of Kymera 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.

Kymera Therapeutics Correlation With Market

Weak diversification

The correlation between Kymera Therapeutics and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kymera Therapeutics and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kymera 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 population.

To learn how to invest in Kymera Stock, please use our How to Invest in Kymera Therapeutics guide.

Moving together with Kymera Stock

0.68	CDIOW	Cardio Diagnostics	Pair Corr
0.7	ELVN	Enliven Therapeutics	Pair Corr
0.87	SCLX	Scilex Holding	Pair Corr
0.77	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.71	CMND	Clearmind Medicine Common	Pair Corr
0.64	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.86	CAT	Caterpillar	Pair Corr
0.88	MSFT	Microsoft	Pair Corr

Moving against Kymera Stock

0.81	LUCD	Lucid Diagnostics	Pair Corr
0.78	WM	Waste Management	Pair Corr
0.61	PG	Procter Gamble	Pair Corr
0.54	GE	GE Aerospace	Pair Corr
0.37	PLX	Protalix Biotherapeutics	Pair Corr
0.88	JNJ	Johnson Johnson	Pair Corr
0.85	T	ATT Inc Earnings Call Today	Pair Corr
0.67	IBM	International Business	Pair Corr
0.54	CSCO	Cisco Systems	Pair Corr
0.51	MMM	3M Company	Pair Corr
0.45	CVX	Chevron Corp	Pair Corr
0.44	INTC	Intel	Pair Corr
0.4	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	FHTX	STTK	GLUE	NRIX	RVMD	CCCC	AGIO	IPSC	EWTX	MLYS
FHTX		0.17	0.4	0.09	0.34	0.12	0.35	0.17	0.07	-0.15	FHTX
STTK	0.17		-0.21	-0.24	-0.1	-0.29	-0.04	-0.31	-0.34	-0.24	STTK
GLUE	0.4	-0.21		0.27	0.6	0.29	0.33	0.41	0.46	0.43	GLUE
NRIX	0.09	-0.24	0.27		0.79	0.97	0.53	0.87	0.58	-0.37	NRIX
RVMD	0.34	-0.1	0.6	0.79		0.8	0.57	0.82	0.54	-0.13	RVMD
CCCC	0.12	-0.29	0.29	0.97	0.8		0.52	0.91	0.55	-0.33	CCCC
AGIO	0.35	-0.04	0.33	0.53	0.57	0.52		0.58	0.54	-0.21	AGIO
IPSC	0.17	-0.31	0.41	0.87	0.82	0.91	0.58		0.56	-0.1	IPSC
EWTX	0.07	-0.34	0.46	0.58	0.54	0.55	0.54	0.56		-0.07	EWTX
MLYS	-0.15	-0.24	0.43	-0.37	-0.13	-0.33	-0.21	-0.1	-0.07		MLYS
	FHTX	STTK	GLUE	NRIX	RVMD	CCCC	AGIO	IPSC	EWTX	MLYS

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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	+ 0.97	NRIX
IPSC	+ 0.91	CCCC
IPSC	+ 0.87	NRIX
IPSC	+ 0.82	RVMD
CCCC	+ 0.8	RVMD
RVMD	+ 0.79	NRIX

High negative correlations

MLYS	- 0.37	NRIX
EWTX	- 0.34	STTK
MLYS	- 0.33	CCCC
IPSC	- 0.31	STTK
CCCC	- 0.29	STTK
MLYS	- 0.24	STTK

Risk-Adjusted Indicators

There is a big difference between Kymera Stock performing well and Kymera 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 Kymera 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
FHTX	3.69	(0.16)	0.00	(0.15)	0.00	0.00	9.05	(7.58)	26.22
STTK	5.19	0.37	0.05	0.49	6.40	(6.46)	11.21	(7.58)	50.15
GLUE	3.56	(0.22)	0.00	(0.26)	0.00	0.00	7.34	(7.69)	19.92
NRIX	2.60	(0.52)	0.00	(0.42)	0.00	0.00	3.71	(6.51)	20.41
RVMD	1.71	(0.16)	0.00	(0.20)	0.00	0.00	4.37	(5.89)	11.35
CCCC	3.36	(0.84)	0.00	(0.39)	0.00	0.00	6.86	(7.76)	19.46
AGIO	2.22	(0.26)	0.00	(0.53)	0.00	0.00	4.19	(4.71)	17.77
IPSC	2.92	(1.00)	0.00	(0.69)	0.00	0.00	5.88	(7.48)	17.02
EWTX	2.92	(0.07)	0.00	(0.12)	0.00	0.00	5.32	(7.61)	26.44
MLYS	4.29	0.63	0.17	(0.45)	4.26	(4.97)	10.04	(8.23)	50.53

Kymera Therapeutics Corporate Management

Jared MD	Chief Officer	Profile
DPhil DPHIL	CoFounder Chairman	Profile
Justine Koenigsberg	Vice Relations	Profile
JD Esq	Chief Secretary	Profile
Karen Weisbach	Head Culture	Profile
Juliet BA	Head Research	Profile
Melissa Brody	VP Devel	Profile

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