Replimune Correlations

REPL Stock

USD 10.82 0.78 6.72%

The current 90-days correlation between Replimune Group and Kura Oncology is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Replimune moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Replimune Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Replimune Correlation With Market

Weak diversification

The correlation between Replimune Group and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Replimune Group 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 Replimune Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Replimune Stock

0.72	OPT	Opthea	Pair Corr
0.7	NPCE	Neuropace	Pair Corr
0.68	TMCI	Treace Medical Concepts	Pair Corr

Moving against Replimune Stock

0.36	EYEN	Eyenovia	Pair Corr
0.4	PKX	POSCO Holdings	Pair Corr
0.38	NHNCF	NAVER Corp	Pair Corr

Related Correlations Analysis

	NUVL	VTYX	ASND	UTHR	NVCT	LYRA	KRON	GOSS	KURA	PTGX
NUVL		0.55	-0.56	0.61	-0.3	-0.11	0.4	-0.44	0.69	-0.33	NUVL
VTYX	0.55		-0.54	0.69	-0.77	0.17	0.26	-0.83	0.62	-0.44	VTYX
ASND	-0.56	-0.54		-0.55	0.5	-0.11	-0.38	0.65	-0.35	0.43	ASND
UTHR	0.61	0.69	-0.55		-0.5	0.33	0.61	-0.48	0.48	-0.64	UTHR
NVCT	-0.3	-0.77	0.5	-0.5		-0.15	-0.07	0.84	-0.55	0.56	NVCT
LYRA	-0.11	0.17	-0.11	0.33	-0.15		0.31	0.07	0.14	-0.52	LYRA
KRON	0.4	0.26	-0.38	0.61	-0.07	0.31		-0.12	0.13	-0.52	KRON
GOSS	-0.44	-0.83	0.65	-0.48	0.84	0.07	-0.12		-0.45	0.36	GOSS
KURA	0.69	0.62	-0.35	0.48	-0.55	0.14	0.13	-0.45		-0.29	KURA
PTGX	-0.33	-0.44	0.43	-0.64	0.56	-0.52	-0.52	0.36	-0.29		PTGX
	NUVL	VTYX	ASND	UTHR	NVCT	LYRA	KRON	GOSS	KURA	PTGX

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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

GOSS	+ 0.84	NVCT
KURA	+ 0.69	NUVL
UTHR	+ 0.69	VTYX
GOSS	+ 0.65	ASND
KURA	+ 0.62	VTYX
UTHR	+ 0.61	NUVL

High negative correlations

GOSS	- 0.83	VTYX
NVCT	- 0.77	VTYX
PTGX	- 0.64	UTHR
ASND	- 0.56	NUVL
KURA	- 0.55	NVCT
UTHR	- 0.55	ASND

Risk-Adjusted Indicators

There is a big difference between Replimune Stock performing well and Replimune 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 Replimune'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
NUVL	2.06	(0.08)	0.00	(0.16)	0.00	0.00	3.54	(5.19)	12.24
VTYX	3.43	(0.71)	0.00	(0.51)	0.00	0.00	6.88	(7.56)	27.07
ASND	2.50	0.33	0.18	(0.63)	2.25	(2.94)	5.86	(3.90)	18.15
UTHR	1.50	(0.18)	0.00	1.68	0.00	0.00	2.67	(4.23)	15.73
NVCT	3.92	1.20	0.29	8.42	3.65	(4.60)	9.96	(5.84)	26.68
LYRA	2.97	(0.14)	0.00	(0.51)	0.00	0.00	5.88	(5.88)	25.31
KRON	1.70	(0.16)	0.00	(0.67)	0.00	0.00	3.19	(3.16)	12.10
GOSS	4.70	1.10	0.24	(1.37)	4.50	(5.61)	10.38	(7.62)	36.67
KURA	2.34	(0.48)	0.00	6.72	0.00	0.00	4.48	(5.58)	13.72
PTGX	2.79	0.45	0.23	(0.37)	2.46	(3.34)	3.48	(3.74)	50.66

Replimune Corporate Management

Colin Love	Chief Officer	Profile
Christopher Sarchi	Chief Officer	Profile
Carolyn Trott	Senior Assurance	Profile
Pamela Esposito	Chief Business Officer	Profile
Paul Bullock	Chief Head	Profile
MBA MA	Chief Officer	Profile

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