NewAmsterdam Pharma Correlations

NAMS Stock

17.88 0.35 2.00%

The current 90-days correlation between NewAmsterdam Pharma and Inventiva Sa is -0.01 (i.e., Good diversification). The correlation of NewAmsterdam Pharma 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.

NewAmsterdam Pharma Correlation With Market

Good diversification

The correlation between NewAmsterdam Pharma and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NewAmsterdam Pharma 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 NewAmsterdam Pharma. 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.

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

Moving together with NewAmsterdam Stock

0.67	XFOR	X4 Pharmaceuticals	Pair Corr
0.88	NAMSW	NewAmsterdam Pharma	Pair Corr
0.65	ADUS	Addus HomeCare	Pair Corr

Moving against NewAmsterdam Stock

0.48	OPT	Opthea Earnings Call Today	Pair Corr
0.35	LTRN	Lantern Pharma	Pair Corr
0.34	PHGE	Biomx Inc	Pair Corr
0.63	ELV	Elevance Health	Pair Corr
0.54	ANAB	AnaptysBio	Pair Corr
0.53	CRSP	Crispr Therapeutics	Pair Corr
0.31	CPRX	Catalyst Pharmaceuticals Earnings Call Today	Pair Corr
0.78	WPM	Wheaton Precious Metals	Pair Corr
0.7	T	ATT Inc Aggressive Push	Pair Corr
0.66	COST	Costco Wholesale Corp	Pair Corr
0.63	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	GLUE	IVA	CGEM	CMPX	REPL	CRNX	PRTC	MRUS	MLYS
GLUE		0.44	0.77	-0.55	0.14	0.81	0.89	0.6	0.75	GLUE
IVA	0.44		-0.01	0.11	0.45	0.11	0.44	0.63	0.03	IVA
CGEM	0.77	-0.01		-0.82	-0.2	0.92	0.72	0.37	0.85	CGEM
CMPX	-0.55	0.11	-0.82		0.48	-0.88	-0.6	-0.38	-0.83	CMPX
REPL	0.14	0.45	-0.2	0.48		-0.17	0.08	0.25	-0.15	REPL
CRNX	0.81	0.11	0.92	-0.88	-0.17		0.83	0.49	0.93	CRNX
PRTC	0.89	0.44	0.72	-0.6	0.08	0.83		0.52	0.7	PRTC
MRUS	0.6	0.63	0.37	-0.38	0.25	0.49	0.52		0.43	MRUS
MLYS	0.75	0.03	0.85	-0.83	-0.15	0.93	0.7	0.43		MLYS
	GLUE	IVA	CGEM	CMPX	REPL	CRNX	PRTC	MRUS	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

MLYS	+ 0.93	CRNX
CRNX	+ 0.92	CGEM
PRTC	+ 0.89	GLUE
MLYS	+ 0.85	CGEM
PRTC	+ 0.83	CRNX
CRNX	+ 0.81	GLUE

High negative correlations

CRNX	- 0.88	CMPX
MLYS	- 0.83	CMPX
CMPX	- 0.82	CGEM
PRTC	- 0.6	CMPX
CMPX	- 0.55	GLUE
MRUS	- 0.38	CMPX

Risk-Adjusted Indicators

There is a big difference between NewAmsterdam Stock performing well and NewAmsterdam Pharma 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 NewAmsterdam Pharma'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
GLUE	3.77	(0.30)	0.00	(0.21)	0.00	0.00	8.40	(8.27)	23.57
IVA	2.34	0.23	0.07	0.26	2.73	(2.82)	5.22	(5.71)	23.67
CGEM	2.48	(0.65)	0.00	(1.68)	0.00	0.00	4.98	(6.27)	15.27
CMPX	5.55	1.45	0.24	0.39	4.79	(6.29)	14.18	(8.88)	44.59
REPL	3.48	0.48	0.14	0.21	3.13	(4.42)	8.45	(5.88)	46.30
CRNX	2.61	(0.72)	0.00	(0.71)	0.00	0.00	3.12	(7.53)	21.52
PRTC	2.15	(0.22)	0.00	2.12	0.00	0.00	5.53	(4.37)	16.42
MRUS	2.09	0.04	0.01	(0.05)	2.61	(2.34)	5.15	(4.78)	15.98
MLYS	3.35	(0.24)	0.00	(0.48)	0.00	0.00	7.79	(6.02)	26.52

NewAmsterdam Pharma Corporate Management

Louise Kooij	Treasurer, CFO	Profile
Jim Jacobson	Chief Secretary	Profile
Annie Neild	VP Affairs	Profile
FESC MD	Chief Founder	Profile
Marc MD	Chief Officer	Profile
MSc MBA	Chief Officer	Profile
Lina Gugucheva	Chief Officer	Profile

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