Lexicon Pharmaceuticals Correlations

LXRX Stock

USD 0.36 0.01 3.86%

The current 90-days correlation between Lexicon Pharmaceuticals and Seres Therapeutics is 0.16 (i.e., Average diversification). The correlation of Lexicon Pharmaceuticals 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.

Lexicon Pharmaceuticals Correlation With Market

Weak diversification

The correlation between Lexicon Pharmaceuticals and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lexicon Pharmaceuticals 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 Lexicon Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with Lexicon Stock

0.74	CDIOW	Cardio Diagnostics	Pair Corr
0.7	SCLX	Scilex Holding	Pair Corr
0.8	ASMB	Assembly Biosciences Earnings Call Tomorrow	Pair Corr
0.76	CMND	Clearmind Medicine Common	Pair Corr
0.62	BA	Boeing	Pair Corr
0.75	CAT	Caterpillar	Pair Corr
0.77	HD	Home Depot	Pair Corr
0.76	DIS	Walt Disney	Pair Corr
0.81	MSFT	Microsoft Aggressive Push	Pair Corr

Moving against Lexicon Stock

0.61	LUCD	Lucid Diagnostics	Pair Corr
0.58	WM	Waste Management	Pair Corr
0.5	PG	Procter Gamble	Pair Corr
0.31	GE	GE Aerospace	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.68	T	ATT Inc Aggressive Push	Pair Corr
0.48	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.43	IBM	International Business	Pair Corr
0.42	CVX	Chevron Corp	Pair Corr
0.35	INTC	Intel Sell-off Trend	Pair Corr
0.35	MMM	3M Company	Pair Corr

Related Correlations Analysis

	BLRX	ARDX	MCRB	IBRX	EFTR	XFOR	ELEV	MREO	HEPA
BLRX		-0.54	0.72	-0.51	0.0	0.74	0.25	0.82	0.84	BLRX
ARDX	-0.54		-0.32	0.4	0.0	-0.26	0.09	-0.29	-0.44	ARDX
MCRB	0.72	-0.32		-0.06	0.0	0.75	0.51	0.79	0.68	MCRB
IBRX	-0.51	0.4	-0.06		0.0	-0.12	0.08	-0.33	-0.49	IBRX
EFTR	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	EFTR
XFOR	0.74	-0.26	0.75	-0.12	0.0		0.6	0.88	0.76	XFOR
ELEV	0.25	0.09	0.51	0.08	0.0	0.6		0.61	0.62	ELEV
MREO	0.82	-0.29	0.79	-0.33	0.0	0.88	0.61		0.87	MREO
HEPA	0.84	-0.44	0.68	-0.49	0.0	0.76	0.62	0.87		HEPA
	BLRX	ARDX	MCRB	IBRX	EFTR	XFOR	ELEV	MREO	HEPA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MREO	+ 0.88	XFOR
HEPA	+ 0.87	MREO
HEPA	+ 0.84	BLRX
MREO	+ 0.82	BLRX
MREO	+ 0.79	MCRB
HEPA	+ 0.76	XFOR

High negative correlations

ARDX	- 0.54	BLRX
IBRX	- 0.51	BLRX
HEPA	- 0.49	IBRX
HEPA	- 0.44	ARDX
MREO	- 0.33	IBRX
MCRB	- 0.32	ARDX

Risk-Adjusted Indicators

There is a big difference between Lexicon Stock performing well and Lexicon Pharmaceuticals 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 Lexicon Pharmaceuticals' 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
BLRX	5.24	(1.00)	0.00	(1.70)	0.00	0.00	9.73	(15.04)	60.21
ARDX	3.24	0.11	0.02	0.04	4.42	(3.52)	8.32	(6.56)	27.51
MCRB	3.45	(0.14)	0.00	(0.09)	0.00	0.00	7.81	(6.41)	35.32
IBRX	4.28	0.06	0.03	(0.14)	4.70	(5.14)	9.81	(7.25)	40.57
EFTR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XFOR	6.28	(0.68)	0.00	(2.46)	0.00	0.00	10.87	(13.51)	68.45
ELEV	5.10	(0.79)	0.00	(0.61)	0.00	0.00	8.33	(9.43)	68.94
MREO	2.63	(0.41)	0.00	(0.56)	0.00	0.00	6.16	(6.13)	20.77
HEPA	9.83	(3.90)	0.00	(7.20)	0.00	0.00	16.37	(31.39)	90.05

Lexicon Pharmaceuticals Corporate Management

Kenneth MD	Senior Assurance	Profile
Chas Schultz	Executive Advocacy	Profile
Robert MD	Consultant Director	Profile
Tom Garner	Senior Officer	Profile
Suma Gopinathan	Vice Development	Profile
Desiree Gendron	Vice Training	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