Olema Pharmaceuticals Correlations

OLMA Stock

USD 4.32 0.09 2.13%

The current 90-days correlation between Olema Pharmaceuticals and Sana Biotechnology is 0.43 (i.e., Very weak diversification). The correlation of Olema 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.

Olema Pharmaceuticals Correlation With Market

Very weak diversification

The correlation between Olema Pharmaceuticals and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Olema Pharmaceuticals 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 Olema 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 population.

For information on how to trade Olema Stock refer to our How to Trade Olema Stock guide.

Moving together with Olema Stock

0.74	CDIOW	Cardio Diagnostics	Pair Corr
0.67	ELVN	Enliven Therapeutics	Pair Corr
0.8	SCLX	Scilex Holding	Pair Corr
0.72	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.62	CMND	Clearmind Medicine Common	Pair Corr
0.7	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.75	CAT	Caterpillar	Pair Corr
0.7	HD	Home Depot	Pair Corr
0.67	DIS	Walt Disney	Pair Corr
0.85	MSFT	Microsoft Aggressive Push	Pair Corr

Moving against Olema Stock

0.8	LUCD	Lucid Diagnostics	Pair Corr
0.64	WM	Waste Management	Pair Corr
0.45	GE	GE Aerospace	Pair Corr
0.36	PLX	Protalix Biotherapeutics	Pair Corr
0.78	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.72	T	ATT Inc Sell-off Trend	Pair Corr
0.61	CVX	Chevron Corp	Pair Corr
0.57	INTC	Intel Sell-off Trend	Pair Corr
0.55	XOM	Exxon Mobil Corp Earnings Call Next Week	Pair Corr
0.49	CSCO	Cisco Systems	Pair Corr
0.46	IBM	International Business	Pair Corr
0.45	MMM	3M Company	Pair Corr

Related Correlations Analysis

	SANA	CGEM	LIFE	ZNTL	MOLN	MLYS	ANTX	PHVS	PEPG	GRCL
SANA		-0.33	0.0	-0.47	0.16	-0.51	-0.52	-0.22	-0.66	0.0	SANA
CGEM	-0.33		0.0	0.78	0.55	0.04	0.32	0.87	0.61	0.0	CGEM
LIFE	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	LIFE
ZNTL	-0.47	0.78	0.0		0.51	0.03	0.34	0.65	0.77	0.0	ZNTL
MOLN	0.16	0.55	0.0	0.51		-0.59	-0.21	0.54	0.3	0.0	MOLN
MLYS	-0.51	0.04	0.0	0.03	-0.59		0.81	-0.03	0.32	0.0	MLYS
ANTX	-0.52	0.32	0.0	0.34	-0.21	0.81		0.18	0.64	0.0	ANTX
PHVS	-0.22	0.87	0.0	0.65	0.54	-0.03	0.18		0.42	0.0	PHVS
PEPG	-0.66	0.61	0.0	0.77	0.3	0.32	0.64	0.42		0.0	PEPG
GRCL	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		GRCL
	SANA	CGEM	LIFE	ZNTL	MOLN	MLYS	ANTX	PHVS	PEPG	GRCL

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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

PHVS	+ 0.87	CGEM
ANTX	+ 0.81	MLYS
ZNTL	+ 0.78	CGEM
PEPG	+ 0.77	ZNTL
PHVS	+ 0.65	ZNTL
PEPG	+ 0.64	ANTX

High negative correlations

PEPG	- 0.66	SANA
MLYS	- 0.59	MOLN
ANTX	- 0.52	SANA
MLYS	- 0.51	SANA
ZNTL	- 0.47	SANA
CGEM	- 0.33	SANA

Risk-Adjusted Indicators

There is a big difference between Olema Stock performing well and Olema 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 Olema 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
SANA	7.56	1.66	0.22	0.58	6.10	(10.29)	10.15	(11.52)	178.30
CGEM	2.58	(0.40)	0.00	(0.73)	0.00	0.00	5.13	(6.43)	15.27
LIFE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ZNTL	4.81	(0.34)	0.00	(0.21)	0.00	0.00	8.00	(11.11)	42.40
MOLN	2.72	(0.28)	0.00	(0.21)	0.00	0.00	7.84	(7.39)	20.58
MLYS	4.29	0.63	0.17	(0.45)	4.26	(4.97)	10.04	(8.23)	50.53
ANTX	2.37	0.11	0.05	0.12	2.47	(2.98)	5.41	(4.07)	17.09
PHVS	2.21	(0.24)	0.00	3.05	0.00	0.00	5.21	(3.86)	14.29
PEPG	8.31	(0.45)	0.00	(0.22)	0.00	0.00	19.62	(13.91)	92.48
GRCL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Olema Pharmaceuticals Corporate Management

JD Moriarty	Corporate Secretary	Profile
Peter Kushner	CoFounder Fellow	Profile
PharmD Faltaos	VP Pharmacology	Profile
Kinney Horn	Chief Officer	Profile
Cyrus Harmon	Chief Director	Profile
Courtney Dugan	VP Communications	Profile
John Moriarty	Chief VP	Profile

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