Orchestra BioMed Correlations

OBIO Stock

5.62 0.11 2.00%

The current 90-days correlation between Orchestra BioMed Holdings and Hooker Furniture is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Orchestra BioMed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orchestra BioMed Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Orchestra BioMed Correlation With Market

Average diversification

The correlation between Orchestra BioMed Holdings and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orchestra BioMed Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orchestra BioMed Holdings. 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.

Moving together with Orchestra Stock

0.66

MOLN

Molecular Partners

Pair Corr

Moving against Orchestra Stock

0.59	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.46	LLY	Eli Lilly	Pair Corr
0.43	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.61	NUVL	Nuvalent	Pair Corr
0.56	AKAN	Akanda Corp	Pair Corr
0.47	REGN	Regeneron Pharmaceuticals	Pair Corr
0.42	MRVI	Maravai Lifesciences	Pair Corr
0.38	SXTPW	60 Degrees Pharmaceu	Pair Corr
0.61	TELO	Telomir Pharmaceuticals,	Pair Corr
0.55	ANRO	Alto Neuroscience,	Pair Corr
0.51	TTOO	T2 Biosystms	Pair Corr
0.49	BCDA	Biocardia	Pair Corr
0.49	BNTX	BioNTech SE	Pair Corr
0.45	ARDX	Ardelyx	Pair Corr

Related Correlations Analysis

	CNLFF	GZITF	VRRM	MESA	APOG	HOFT	AFYA
CNLFF		0.44	-0.53	-0.59	0.8	0.04	0.27	CNLFF
GZITF	0.44		-0.93	-0.57	0.75	0.6	0.21	GZITF
VRRM	-0.53	-0.93		0.7	-0.74	-0.44	-0.22	VRRM
MESA	-0.59	-0.57	0.7		-0.61	-0.17	-0.27	MESA
APOG	0.8	0.75	-0.74	-0.61		0.44	0.3	APOG
HOFT	0.04	0.6	-0.44	-0.17	0.44		0.36	HOFT
AFYA	0.27	0.21	-0.22	-0.27	0.3	0.36		AFYA
	CNLFF	GZITF	VRRM	MESA	APOG	HOFT	AFYA

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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

APOG	+ 0.8	CNLFF
APOG	+ 0.75	GZITF
MESA	+ 0.7	VRRM
HOFT	+ 0.6	GZITF
GZITF	+ 0.44	CNLFF
HOFT	+ 0.44	APOG

High negative correlations

VRRM	- 0.93	GZITF
APOG	- 0.74	VRRM
APOG	- 0.61	MESA
MESA	- 0.59	CNLFF
MESA	- 0.57	GZITF
VRRM	- 0.53	CNLFF

Risk-Adjusted Indicators

There is a big difference between Orchestra Stock performing well and Orchestra BioMed 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 Orchestra BioMed'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
CNLFF	0.05	0.02	0.00	(1.20)	0.00	0.00	0.00	0.00	1.03
GZITF	0.84	0.47	0.00	(1.05)	0.00	0.00	0.00	0.00	26.67
VRRM	1.22	(0.23)	0.00	(0.26)	0.00	0.00	2.49	(2.88)	14.00
MESA	2.88	(0.04)	0.00	(0.28)	0.00	0.00	6.19	(6.38)	28.65
APOG	1.76	0.14	0.16	0.18	1.45	(2.18)	3.41	(2.64)	28.75
HOFT	2.53	(0.06)	0.02	0.08	2.98	(2.56)	5.56	(4.92)	14.21
AFYA	1.47	0.00	(0.05)	0.06	1.97	(1.48)	2.62	(2.55)	9.86

Orchestra BioMed Corporate Management

Yuval DSc	GM Therapies	Profile
George Papandreou	Senior Therapies	Profile
Avraham MD	Senior Innovation	Profile
Andrew MBA	Chief Officer	Profile
HansPeter MD	Chief Officer	Profile

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