Phathom Pharmaceuticals Correlations

PHAT Stock

USD 6.30 0.25 3.82%

The current 90-days correlation between Phathom Pharmaceuticals and Day One Biopharmaceuticals is 0.28 (i.e., Modest diversification). The correlation of Phathom 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Phathom Pharmaceuticals Correlation With Market

Modest diversification

The correlation between Phathom Pharmaceuticals and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Phathom 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 Phathom 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 nation.

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

Moving together with Phathom Stock

0.71	CDIOW	Cardio Diagnostics	Pair Corr
0.86	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.74	ELVN	Enliven Therapeutics	Pair Corr
0.61	MRK	Merck Company	Pair Corr
0.71	GPCR	Structure Therapeutics	Pair Corr
0.91	ZURA	Zura Bio Limited	Pair Corr
0.82	IMMX	Immix Biopharma	Pair Corr
0.65	IMRX	Immuneering Corp	Pair Corr
0.9	MLTX	MoonLake Immunotherapeuti	Pair Corr
0.71	PMVP	Pmv Pharmaceuticals	Pair Corr
0.78	PYXS	Pyxis Oncology	Pair Corr
0.74	SCLX	Scilex Holding	Pair Corr
0.79	ASMB	Assembly Biosciences Earnings Call Tomorrow	Pair Corr
0.78	ATNF	180 Life Sciences	Pair Corr
0.62	BIIB	Biogen Inc	Pair Corr

Moving against Phathom Stock

0.86	SNY	Sanofi ADR	Pair Corr
0.85	AZN	AstraZeneca PLC ADR	Pair Corr
0.8	GILD	Gilead Sciences Sell-off Trend	Pair Corr
0.77	GOSS	Gossamer Bio	Pair Corr
0.67	PLX	Protalix Biotherapeutics	Pair Corr
0.65	LLY	Eli Lilly	Pair Corr
0.63	OCX	OncoCyte Corp	Pair Corr
0.46	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr
0.86	AMGN	Amgen Inc	Pair Corr
0.83	DRMAW	Dermata Therapeutics	Pair Corr
0.68	NVCT	Nuvectis Pharma	Pair Corr
0.68	CMPX	Compass Therapeutics	Pair Corr
0.49	RVP	Retractable Technologies Earnings Call This Week	Pair Corr

Related Correlations Analysis

	DAWN	BPMC	LYRA	CGEM	ABOS	XFOR	INZY	VECT	KNSA	GPCR
DAWN		0.45	0.37	0.77	0.8	0.81	0.59	0.0	-0.74	0.8	DAWN
BPMC	0.45		-0.09	0.15	0.17	0.16	-0.25	0.0	-0.47	0.54	BPMC
LYRA	0.37	-0.09		0.19	0.2	0.35	0.2	0.0	-0.52	0.01	LYRA
CGEM	0.77	0.15	0.19		0.93	0.9	0.87	0.0	-0.43	0.81	CGEM
ABOS	0.8	0.17	0.2	0.93		0.84	0.86	0.0	-0.49	0.81	ABOS
XFOR	0.81	0.16	0.35	0.9	0.84		0.82	0.0	-0.52	0.81	XFOR
INZY	0.59	-0.25	0.2	0.87	0.86	0.82		0.0	-0.26	0.62	INZY
VECT	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	VECT
KNSA	-0.74	-0.47	-0.52	-0.43	-0.49	-0.52	-0.26	0.0		-0.5	KNSA
GPCR	0.8	0.54	0.01	0.81	0.81	0.81	0.62	0.0	-0.5		GPCR
	DAWN	BPMC	LYRA	CGEM	ABOS	XFOR	INZY	VECT	KNSA	GPCR

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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	+ 0.93	CGEM
XFOR	+ 0.9	CGEM
INZY	+ 0.87	CGEM
INZY	+ 0.86	ABOS
XFOR	+ 0.84	ABOS
INZY	+ 0.82	XFOR

High negative correlations

KNSA	- 0.74	DAWN
KNSA	- 0.52	XFOR
KNSA	- 0.52	LYRA
GPCR	- 0.5	KNSA
KNSA	- 0.49	ABOS
KNSA	- 0.47	BPMC

Risk-Adjusted Indicators

There is a big difference between Phathom Stock performing well and Phathom 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 Phathom 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
DAWN	2.88	(0.52)	0.00	(0.61)	0.00	0.00	6.36	(6.67)	22.86
BPMC	2.21	0.09	0.03	0.04	2.67	(2.58)	5.87	(4.23)	26.30
LYRA	3.00	(0.17)	0.00	(5.54)	0.00	0.00	5.88	(5.88)	25.31
CGEM	2.57	(0.42)	0.00	(0.72)	0.00	0.00	5.13	(6.43)	15.27
ABOS	3.02	(0.59)	0.00	(0.49)	0.00	0.00	6.57	(7.09)	19.77
XFOR	6.28	(0.68)	0.00	(2.46)	0.00	0.00	10.87	(13.51)	68.45
INZY	4.12	(1.40)	0.00	(0.80)	0.00	0.00	6.82	(9.17)	36.29
VECT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KNSA	1.83	0.25	0.10	0.47	2.47	(1.88)	3.64	(3.67)	10.97
GPCR	3.70	(0.41)	0.00	(0.27)	0.00	0.00	6.92	(10.88)	25.66

Phathom Pharmaceuticals Corporate Management

Anthony Guzzo	Chief Officer	Profile
Joseph JD	Chief Officer	Profile
Tom Harris	Chief Officer	Profile
Martin Gilligan	Chief Officer	Profile
JD Esq	General Secretary	Profile
David Socks	CoFounder Director	Profile

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