Revance Correlations

RVNC Stock

USD 3.61 0.17 4.50%

The current 90-days correlation between Revance and DiaMedica Therapeutics is -0.08 (i.e., Good diversification). The correlation of Revance 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.

Revance Correlation With Market

Good diversification

The correlation between Revance and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Revance 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 Revance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

Moving together with Revance Stock

0.62	HLN	Haleon plc	Pair Corr
0.82	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.73	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.66	BCH	Banco De Chile	Pair Corr
0.69	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.73	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Revance Stock

0.87	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.79	FNMFO	Federal National Mortgage	Pair Corr
0.72	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.54	AVAL	Grupo Aval	Pair Corr
0.53	ITCL	Banco Ita Chile	Pair Corr
0.5	CIB	Bancolombia SA ADR	Pair Corr
0.49	KB	KB Financial Group	Pair Corr
0.34	BAC-PL	Bank of America	Pair Corr
0.86	DIS	Walt Disney Sell-off Trend	Pair Corr
0.86	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.84	WMT	Walmart Aggressive Push	Pair Corr
0.82	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.82	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.81	BAC	Bank of America Aggressive Push	Pair Corr
0.81	HD	Home Depot	Pair Corr
0.78	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.71	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.45	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.45	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	DMAC	AKRO	NUVL	IMCR	VTYX	ACLX	ETNB	PLRX	APLS	TERN
DMAC		0.38	0.27	-0.26	0.38	0.28	0.05	0.12	-0.17	-0.25	DMAC
AKRO	0.38		0.09	-0.07	0.05	0.82	0.5	0.64	-0.57	-0.6	AKRO
NUVL	0.27	0.09		-0.42	0.35	0.26	-0.42	-0.24	-0.38	0.28	NUVL
IMCR	-0.26	-0.07	-0.42		0.15	-0.13	0.68	0.45	0.6	0.03	IMCR
VTYX	0.38	0.05	0.35	0.15		0.08	0.11	0.25	0.2	0.31	VTYX
ACLX	0.28	0.82	0.26	-0.13	0.08		0.3	0.51	-0.64	-0.39	ACLX
ETNB	0.05	0.5	-0.42	0.68	0.11	0.3		0.66	0.29	-0.26	ETNB
PLRX	0.12	0.64	-0.24	0.45	0.25	0.51	0.66		-0.18	-0.44	PLRX
APLS	-0.17	-0.57	-0.38	0.6	0.2	-0.64	0.29	-0.18		0.47	APLS
TERN	-0.25	-0.6	0.28	0.03	0.31	-0.39	-0.26	-0.44	0.47		TERN
	DMAC	AKRO	NUVL	IMCR	VTYX	ACLX	ETNB	PLRX	APLS	TERN

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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

ACLX	+ 0.82	AKRO
ETNB	+ 0.68	IMCR
PLRX	+ 0.66	ETNB
PLRX	+ 0.64	AKRO
APLS	+ 0.6	IMCR
PLRX	+ 0.51	ACLX

High negative correlations

APLS	- 0.64	ACLX
TERN	- 0.6	AKRO
APLS	- 0.57	AKRO
TERN	- 0.44	PLRX
ETNB	- 0.42	NUVL
IMCR	- 0.42	NUVL

Risk-Adjusted Indicators

There is a big difference between Revance Stock performing well and Revance 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 Revance'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
DMAC	2.61	0.57	0.19	6.99	1.94	(3.23)	6.41	(3.29)	14.14
AKRO	2.37	0.09	0.07	0.17	2.62	(2.49)	5.23	(4.45)	13.37
NUVL	2.23	0.06	0.05	0.17	2.72	(2.50)	3.84	(4.61)	36.85
IMCR	1.98	(0.26)	0.00	(0.12)	0.00	0.00	3.54	(4.18)	10.78
VTYX	3.37	0.08	0.08	0.16	3.16	(4.38)	6.96	(5.63)	18.97
ACLX	2.38	0.12	0.09	0.18	2.79	(2.57)	6.28	(5.68)	15.13
ETNB	2.69	(0.28)	(0.02)	0.02	3.33	(3.24)	5.01	(6.35)	27.43
PLRX	2.74	(0.11)	0.01	0.08	3.13	(2.91)	5.37	(5.55)	24.35
APLS	2.47	(0.21)	0.00	(0.21)	0.00	0.00	4.48	(5.17)	15.97
TERN	3.37	(0.33)	0.00	(0.22)	0.00	0.00	6.02	(5.96)	34.09

Revance Corporate Management

Dwight JD	Chief Counsel	Profile
Conor Gallagher	Head Aesthetics	Profile
Erica Jordan	Chief Officer	Profile
Azita Nejad	VP Operations	Profile

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