Mustang Bio Correlations

MBIO Stock

USD 1.43 0.01 0.70%

The current 90-days correlation between Mustang Bio and Aptose Biosciences is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mustang Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mustang Bio moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Mustang Bio Correlation With Market

Very good diversification

The correlation between Mustang Bio and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mustang Bio 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 Mustang Bio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Mustang Stock, please use our How to Invest in Mustang Bio guide.

Moving together with Mustang Stock

0.61	MBRX	Moleculin Biotech Earnings Call Today	Pair Corr
0.7	MDXG	MiMedx Group	Pair Corr
0.81	MGNX	MacroGenics	Pair Corr
0.73	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.74	VERA	Vera Therapeutics	Pair Corr
0.74	DRMA	Dermata Therapeutics	Pair Corr
0.65	CDIOW	Cardio Diagnostics	Pair Corr
0.76	MNKD	MannKind Corp	Pair Corr

Moving against Mustang Stock

0.66	DOMH	Dominari Holdings	Pair Corr
0.53	VALN	Valneva SE ADR	Pair Corr
0.46	MDCX	Medicus Pharma	Pair Corr
0.42	MGTX	MeiraGTx Holdings PLC	Pair Corr
0.34	EQ	Equillium	Pair Corr
0.33	DMAC	DiaMedica Therapeutics	Pair Corr
0.51	MIRM	Mirum Pharmaceuticals	Pair Corr
0.38	VERV	Verve Therapeutics	Pair Corr
0.73	REVBW	Revelation Biosciences	Pair Corr
0.64	VIGL	Vigil Neuroscience	Pair Corr
0.54	MNPR	Monopar Therapeutics Earnings Call This Week	Pair Corr
0.47	MRUS	Merus BV	Pair Corr

Related Correlations Analysis

	CKPT	RVPH	FBIOP	KOD	FBIO	ACHL	APTO	ADTX	NRBO	DRMA
CKPT		0.04	0.33	0.12	0.22	-0.18	0.16	-0.01	-0.32	0.27	CKPT
RVPH	0.04		0.55	0.6	0.63	-0.52	0.39	0.29	-0.31	0.18	RVPH
FBIOP	0.33	0.55		0.64	0.71	-0.56	0.58	0.38	-0.35	0.28	FBIOP
KOD	0.12	0.6	0.64		0.77	-0.85	0.72	0.72	-0.29	0.54	KOD
FBIO	0.22	0.63	0.71	0.77		-0.55	0.56	0.55	-0.32	0.55	FBIO
ACHL	-0.18	-0.52	-0.56	-0.85	-0.55		-0.47	-0.44	0.18	-0.35	ACHL
APTO	0.16	0.39	0.58	0.72	0.56	-0.47		0.87	-0.48	0.47	APTO
ADTX	-0.01	0.29	0.38	0.72	0.55	-0.44	0.87		-0.2	0.61	ADTX
NRBO	-0.32	-0.31	-0.35	-0.29	-0.32	0.18	-0.48	-0.2		-0.15	NRBO
DRMA	0.27	0.18	0.28	0.54	0.55	-0.35	0.47	0.61	-0.15		DRMA
	CKPT	RVPH	FBIOP	KOD	FBIO	ACHL	APTO	ADTX	NRBO	DRMA

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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

ADTX	+ 0.87	APTO
FBIO	+ 0.77	KOD
APTO	+ 0.72	KOD
ADTX	+ 0.72	KOD
FBIO	+ 0.71	FBIOP
KOD	+ 0.64	FBIOP

High negative correlations

ACHL	- 0.85	KOD
ACHL	- 0.56	FBIOP
ACHL	- 0.55	FBIO
ACHL	- 0.52	RVPH
NRBO	- 0.48	APTO
APTO	- 0.47	ACHL

Risk-Adjusted Indicators

There is a big difference between Mustang Stock performing well and Mustang Bio 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 Mustang Bio's 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
CKPT	4.56	0.47	0.12	2.61	4.02	(6.39)	10.03	(6.69)	61.63
RVPH	5.03	(0.83)	0.00	(0.29)	0.00	0.00	11.05	(11.11)	39.67
FBIOP	2.32	(0.11)	0.00	0.04	0.00	0.00	5.97	(4.02)	15.52
KOD	4.63	(1.16)	0.00	(0.64)	0.00	0.00	7.81	(9.22)	34.21
FBIO	2.75	(0.32)	0.00	0.27	0.00	0.00	5.19	(4.87)	22.19
ACHL	1.63	0.61	0.44	3.39	0.69	(3.05)	3.47	(2.02)	22.15
APTO	5.89	(0.93)	0.00	(7.61)	0.00	0.00	9.97	(13.74)	50.24
ADTX	10.07	(1.37)	0.00	0.75	0.00	0.00	18.00	(17.58)	99.25
NRBO	4.30	0.77	0.20	(3.32)	3.81	(5.43)	12.50	(6.83)	24.54
DRMA	3.82	0.31	0.08	(1.60)	4.25	(4.92)	10.00	(5.74)	31.54

Mustang Bio Corporate Management

Kerry BBA	VP Operations	Profile
Lynn MS	VP Affairs	Profile
Eliot CPA	Interim Officer	Profile
Richard MS	Head Development	Profile
Matthew JD	VP Counsel	Profile
Bruce MD	Senior Development	Profile

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