Surrozen Correlations

SRZN Stock

USD 10.50 1.10 9.48%

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

Surrozen Correlation With Market

Weak diversification

The correlation between Surrozen and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Surrozen and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Surrozen. 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.

To learn how to invest in Surrozen Stock, please use our How to Invest in Surrozen guide.

Moving together with Surrozen Stock

0.61

DRMA

Dermata Therapeutics

Pair Corr

Moving against Surrozen Stock

0.36	DTIL	Precision BioSciences Earnings Call This Week	Pair Corr
0.44	VRTX	Vertex Pharmaceuticals	Pair Corr
0.37	CDTTW	Conduit Pharmaceuticals	Pair Corr

Related Correlations Analysis

	BOLT	LRMR	KROS	KZR	PCSA	NEXI	EVLO	TPST	REPL	NVCT
BOLT		0.64	0.41	0.82	0.79	0.0	0.0	0.4	-0.03	-0.6	BOLT
LRMR	0.64		0.8	0.78	0.89	0.0	0.0	0.02	0.04	-0.66	LRMR
KROS	0.41	0.8		0.51	0.68	0.0	0.0	-0.03	-0.04	-0.43	KROS
KZR	0.82	0.78	0.51		0.85	0.0	0.0	0.17	-0.06	-0.66	KZR
PCSA	0.79	0.89	0.68	0.85		0.0	0.0	0.02	-0.25	-0.81	PCSA
NEXI	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	NEXI
EVLO	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	EVLO
TPST	0.4	0.02	-0.03	0.17	0.02	0.0	0.0		0.25	0.23	TPST
REPL	-0.03	0.04	-0.04	-0.06	-0.25	0.0	0.0	0.25		0.31	REPL
NVCT	-0.6	-0.66	-0.43	-0.66	-0.81	0.0	0.0	0.23	0.31		NVCT
	BOLT	LRMR	KROS	KZR	PCSA	NEXI	EVLO	TPST	REPL	NVCT

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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

PCSA	+ 0.89	LRMR
PCSA	+ 0.85	KZR
KZR	+ 0.82	BOLT
KROS	+ 0.8	LRMR
PCSA	+ 0.79	BOLT
KZR	+ 0.78	LRMR

High negative correlations

NVCT	- 0.81	PCSA
NVCT	- 0.66	KZR
NVCT	- 0.66	LRMR
NVCT	- 0.6	BOLT
NVCT	- 0.43	KROS
REPL	- 0.25	PCSA

Risk-Adjusted Indicators

There is a big difference between Surrozen Stock performing well and Surrozen 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 Surrozen'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
BOLT	2.63	(0.43)	0.00	(2.16)	0.00	0.00	5.00	(6.45)	17.46
LRMR	3.64	(1.13)	0.00	(0.58)	0.00	0.00	5.82	(7.99)	22.70
KROS	4.01	(1.71)	0.00	1,069	0.00	0.00	4.41	(7.31)	76.68
KZR	1.91	(0.21)	0.00	1.64	0.00	0.00	3.75	(3.94)	12.35
PCSA	3.91	(1.38)	0.00	(2.98)	0.00	0.00	8.89	(9.88)	21.25
NEXI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVLO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TPST	2.80	0.14	0.00	(0.01)	0.00	0.00	5.13	(5.49)	26.61
REPL	2.82	0.09	0.00	(0.03)	0.00	0.00	5.86	(4.75)	22.75
NVCT	3.90	1.18	0.29	3.80	3.65	(4.56)	9.96	(5.84)	26.68

Surrozen Corporate Management

Charles Williams	Chief Officer	Profile
Roeland Nusse	CoFounder Advisor	Profile
Elizabeth Nguyen	VP Culture	Profile
MS JD	Gen Legal	Profile
Li Yang	Executive Research	Profile
WenChen MD	Chief Officer	Profile
Calvin MD	CoFounder Advisor	Profile

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