PTC Therapeutics Correlations

PTCT Stock

USD 57.14 0.51 0.90%

The current 90-days correlation between PTC Therapeutics and Krystal Biotech is 0.35 (i.e., Weak diversification). The correlation of PTC Therapeutics 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.

PTC Therapeutics Correlation With Market

Very good diversification

The correlation between PTC Therapeutics and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PTC Therapeutics 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 PTC 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 main economic indicators.

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

Moving together with PTC Stock

0.69	CMRX	Chimerix	Pair Corr
0.79	CPIX	Cumberland Pharmaceuticals	Pair Corr
0.67	FNA	Paragon 28	Pair Corr
0.74	INMD	InMode	Pair Corr
0.74	LUCD	Lucid Diagnostics	Pair Corr
0.69	NVRO	Nevro Corp	Pair Corr

Moving against PTC Stock

0.71	GKOS	Glaukos Corp	Pair Corr
0.69	CLDX	Celldex Therapeutics	Pair Corr
0.67	ELMD	Electromed	Pair Corr
0.64	MOLN	Molecular Partners	Pair Corr
0.62	EYEN	Eyenovia	Pair Corr
0.62	CRVS	Corvus Pharmaceuticals	Pair Corr
0.59	SNDL	SNDL Inc	Pair Corr
0.57	IPA	Immunoprecise Antibodies	Pair Corr
0.53	VOR	Vor Biopharma	Pair Corr
0.52	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.36	RGEN	Repligen	Pair Corr
0.72	MODD	Modular Medical	Pair Corr
0.69	APYX	Apyx Medical	Pair Corr
0.68	OTRK	Ontrak Inc	Pair Corr
0.65	LIVN	LivaNova PLC	Pair Corr
0.63	ITGR	Integer Holdings Corp	Pair Corr
0.56	INGN	Inogen Inc	Pair Corr
0.56	MDAI	Spectral AI	Pair Corr
0.53	SGHT	Sight Sciences	Pair Corr
0.74	SRDX	SurModics	Pair Corr
0.74	KB	KB Financial Group	Pair Corr
0.73	CNMD	CONMED	Pair Corr
0.44	HYMTF	Hyundai Motor	Pair Corr

Related Correlations Analysis

	KRYS	SRPT	IOVA	MDGL	RETA	ICPT	BPMC	VKTX	HEPA
KRYS		-0.69	-0.58	0.4	0.0	0.0	-0.55	-0.49	-0.57	KRYS
SRPT	-0.69		0.87	-0.33	0.0	0.0	0.21	0.58	0.59	SRPT
IOVA	-0.58	0.87		-0.2	0.0	0.0	0.06	0.64	0.57	IOVA
MDGL	0.4	-0.33	-0.2		0.0	0.0	-0.16	-0.37	-0.56	MDGL
RETA	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	RETA
ICPT	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ICPT
BPMC	-0.55	0.21	0.06	-0.16	0.0	0.0		-0.01	-0.04	BPMC
VKTX	-0.49	0.58	0.64	-0.37	0.0	0.0	-0.01		0.87	VKTX
HEPA	-0.57	0.59	0.57	-0.56	0.0	0.0	-0.04	0.87		HEPA
	KRYS	SRPT	IOVA	MDGL	RETA	ICPT	BPMC	VKTX	HEPA

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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

IOVA	+ 0.87	SRPT
HEPA	+ 0.87	VKTX
VKTX	+ 0.64	IOVA
HEPA	+ 0.59	SRPT
VKTX	+ 0.58	SRPT
HEPA	+ 0.57	IOVA

High negative correlations

SRPT	- 0.69	KRYS
IOVA	- 0.58	KRYS
HEPA	- 0.57	KRYS
HEPA	- 0.56	MDGL
BPMC	- 0.55	KRYS
VKTX	- 0.49	KRYS

Risk-Adjusted Indicators

There is a big difference between PTC Stock performing well and PTC 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 PTC 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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
KRYS	2.06	0.12	0.08	(0.27)	2.59	(2.17)	3.40	(4.14)	16.57
SRPT	2.28	(0.77)	0.00	0.73	0.00	0.00	4.28	(5.18)	32.12
IOVA	2.97	(1.14)	0.00	(232.74)	0.00	0.00	4.31	(7.85)	24.66
MDGL	3.08	0.30	0.07	0.24	4.09	(3.13)	7.64	(5.66)	23.14
RETA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ICPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BPMC	2.13	0.10	0.03	0.01	2.57	(2.59)	5.39	(3.96)	26.30
VKTX	3.54	(0.50)	0.00	(1.37)	0.00	0.00	7.71	(7.34)	24.65
HEPA	10.35	(4.05)	0.00	(5.25)	0.00	0.00	16.37	(31.39)	90.05

PTC Therapeutics Corporate Management

Christine CPA	Chief VP	Profile
Christine Utter	Principal Financial Officer, Principal Accounting Officer, Treasurer	Profile
Murad Husain	Senior Affairs	Profile
Lee MD	Executive Officer	Profile
Ellen Welch	Chief Officer	Profile
FACS FACS	Chief Officer	Profile
Don Mankoff	Executive Counsel	Profile

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