Mersana Therapeutics Correlations

MRSN Stock

USD 0.43 0.01 2.27%

The current 90-days correlation between Mersana Therapeutics and Amylyx Pharmaceuticals is 0.36 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mersana Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mersana Therapeutics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Mersana Therapeutics Correlation With Market

Modest diversification

The correlation between Mersana Therapeutics and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mersana 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 Mersana 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 state.

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

Moving together with Mersana Stock

0.74	CDIOW	Cardio Diagnostics	Pair Corr
0.77	ELVN	Enliven Therapeutics	Pair Corr
0.65	SCLX	Scilex Holding	Pair Corr
0.66	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.94	CDIO	Cardio Diagnostics	Pair Corr
0.95	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.65	MSFT	Microsoft	Pair Corr

Moving against Mersana Stock

0.82	GE	GE Aerospace	Pair Corr
0.8	PLX	Protalix Biotherapeutics	Pair Corr
0.7	WM	Waste Management	Pair Corr
0.64	LUCD	Lucid Diagnostics	Pair Corr
0.52	MLSS	Milestone Scientific Earnings Call This Week	Pair Corr
0.87	MMM	3M Company	Pair Corr
0.78	CVX	Chevron Corp	Pair Corr
0.67	CSCO	Cisco Systems	Pair Corr
0.67	JNJ	Johnson Johnson	Pair Corr
0.62	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.58	IBM	International Business	Pair Corr
0.56	XOM	Exxon Mobil Corp	Pair Corr
0.43	JPM	JPMorgan Chase	Pair Corr
0.42	INTC	Intel	Pair Corr

Related Correlations Analysis

	TERN	AMLX	ABOS	INZY	XFOR	DAWN	HOOK	THRX	CGEM	RLAY
TERN		0.65	0.94	0.93	0.85	0.74	0.78	0.0	0.9	0.71	TERN
AMLX	0.65		0.59	0.69	0.5	0.28	0.25	0.0	0.63	0.32	AMLX
ABOS	0.94	0.59		0.87	0.84	0.79	0.82	0.0	0.92	0.8	ABOS
INZY	0.93	0.69	0.87		0.82	0.59	0.59	0.0	0.87	0.52	INZY
XFOR	0.85	0.5	0.84	0.82		0.81	0.77	0.0	0.9	0.73	XFOR
DAWN	0.74	0.28	0.79	0.59	0.81		0.94	0.0	0.77	0.84	DAWN
HOOK	0.78	0.25	0.82	0.59	0.77	0.94		0.0	0.75	0.85	HOOK
THRX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	THRX
CGEM	0.9	0.63	0.92	0.87	0.9	0.77	0.75	0.0		0.76	CGEM
RLAY	0.71	0.32	0.8	0.52	0.73	0.84	0.85	0.0	0.76		RLAY
	TERN	AMLX	ABOS	INZY	XFOR	DAWN	HOOK	THRX	CGEM	RLAY

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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	TERN
HOOK	+ 0.94	DAWN
INZY	+ 0.93	TERN
CGEM	+ 0.92	ABOS
CGEM	+ 0.9	TERN
CGEM	+ 0.9	XFOR

High negative correlations

RLAY	- 0.0	THRX
CGEM	- 0.0	THRX
THRX	- 0.0	HOOK
THRX	- 0.0	DAWN
THRX	- 0.0	XFOR
THRX	- 0.0	INZY

Risk-Adjusted Indicators

There is a big difference between Mersana Stock performing well and Mersana 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 Mersana 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
TERN	3.05	(0.92)	(1.16)	5.03	(6.98)	19.13
AMLX	3.64	0.00	(0.06)	7.20	(9.09)	21.45
ABOS	2.99	(0.64)	(0.59)	6.57	(7.09)	19.77
INZY	4.07	(1.42)	(0.89)	6.82	(9.17)	36.29
XFOR	6.27	(0.67)	(1.77)	10.87	(13.51)	68.45
DAWN	2.87	(0.52)	(0.64)	6.36	(6.67)	22.86
HOOK	3.63	(0.68)	(5.15)	7.00	(7.50)	32.80
THRX	0.00	0.00	0.00	0.00	0.00	0.00
CGEM	2.58	(0.40)	(0.73)	5.13	(6.43)	15.27
RLAY	4.18	(0.40)	(0.27)	6.27	(7.87)	26.72

Mersana Therapeutics Corporate Management

Chuck Miller	Senior Affairs	Profile
Carla Poulson	Chief Officer	Profile
Marc Damelin	Oncology, Biology	Profile
Jason Fredette	Senior Communications	Profile
Mohan Bala	Senior Officer	Profile

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