Sutro Biopharma Correlations

STRO Stock

USD 0.77 0.03 3.75%

The current 90-days correlation between Sutro Biopharma and Merus BV is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sutro Biopharma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sutro Biopharma moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sutro Biopharma Correlation With Market

Significant diversification

The correlation between Sutro Biopharma and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sutro Biopharma 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 Sutro Biopharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with Sutro Stock

0.8	MOLN	Molecular Partners	Pair Corr
0.77	SNDL	SNDL Inc	Pair Corr
0.8	CLDX	Celldex Therapeutics	Pair Corr
0.71	ELMD	Electromed	Pair Corr
0.87	GKOS	Glaukos Corp	Pair Corr
0.66	INGN	Inogen Inc	Pair Corr
0.84	ITGR	Integer Holdings Corp	Pair Corr
0.84	LIVN	LivaNova PLC	Pair Corr
0.77	MODD	Modular Medical	Pair Corr
0.85	APYX	Apyx Medical	Pair Corr
0.8	SRDX	SurModics	Pair Corr
0.79	CNMD	CONMED	Pair Corr
0.63	RKV	Rakovina Therapeutics	Pair Corr

Moving against Sutro Stock

0.87	CMRX	Chimerix	Pair Corr
0.63	CPIX	Cumberland Pharmaceuticals Downward Rally	Pair Corr
0.51	FNA	Paragon 28	Pair Corr
0.68	LUCD	Lucid Diagnostics	Pair Corr
0.59	LUNG	Pulmonx Corp	Pair Corr
0.56	NVRO	Nevro Corp	Pair Corr
0.45	INMD	InMode	Pair Corr
0.31	NYXH	Nyxoah	Pair Corr
0.85	NHNCF	NAVER Corp	Pair Corr
0.83	BRK-A	Berkshire Hathaway	Pair Corr
0.83	BRK-B	Berkshire Hathaway	Pair Corr
0.75	PKX	POSCO Holdings	Pair Corr
0.57	FWEDF	Fireweed Zinc	Pair Corr
0.45	TRGGF	Tarachi Gold Corp	Pair Corr

Related Correlations Analysis

	PCVX	LRMR	SNDX	MRUS	IDYA	ANAB	MGTX	KROS	FIXX	NAMSW
PCVX		0.64	0.09	-0.75	0.8	-0.09	-0.45	0.28	0.0	-0.01	PCVX
LRMR	0.64		-0.12	-0.46	0.81	-0.3	-0.55	0.76	0.0	0.36	LRMR
SNDX	0.09	-0.12		0.08	-0.12	0.38	0.33	-0.43	0.0	-0.78	SNDX
MRUS	-0.75	-0.46	0.08		-0.63	0.26	0.63	-0.09	0.0	-0.04	MRUS
IDYA	0.8	0.81	-0.12	-0.63		-0.44	-0.59	0.69	0.0	0.4	IDYA
ANAB	-0.09	-0.3	0.38	0.26	-0.44		0.37	-0.51	0.0	-0.57	ANAB
MGTX	-0.45	-0.55	0.33	0.63	-0.59	0.37		-0.41	0.0	-0.4	MGTX
KROS	0.28	0.76	-0.43	-0.09	0.69	-0.51	-0.41		0.0	0.73	KROS
FIXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FIXX
NAMSW	-0.01	0.36	-0.78	-0.04	0.4	-0.57	-0.4	0.73	0.0		NAMSW
	PCVX	LRMR	SNDX	MRUS	IDYA	ANAB	MGTX	KROS	FIXX	NAMSW

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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

IDYA	+ 0.81	LRMR
IDYA	+ 0.8	PCVX
KROS	+ 0.76	LRMR
NAMSW	+ 0.73	KROS
KROS	+ 0.69	IDYA
LRMR	+ 0.64	PCVX

High negative correlations

NAMSW	- 0.78	SNDX
MRUS	- 0.75	PCVX
IDYA	- 0.63	MRUS
MGTX	- 0.59	IDYA
NAMSW	- 0.57	ANAB
MGTX	- 0.55	LRMR

Risk-Adjusted Indicators

There is a big difference between Sutro Stock performing well and Sutro Biopharma 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 Sutro Biopharma'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
PCVX	2.22	(0.13)	0.00	(0.18)	0.00	0.00	3.86	(4.85)	19.90
LRMR	3.79	(1.03)	0.00	(0.48)	0.00	0.00	6.61	(7.99)	22.70
SNDX	2.40	0.16	0.06	0.15	2.85	(2.59)	6.51	(5.07)	15.51
MRUS	1.95	0.24	0.13	(1.07)	2.39	(2.15)	4.91	(3.56)	12.66
IDYA	2.32	(0.45)	0.00	(1.23)	0.00	0.00	4.11	(4.64)	12.18
ANAB	4.34	0.52	0.10	0.31	4.45	(5.35)	9.84	(7.48)	43.41
MGTX	3.12	0.44	0.14	(1.42)	3.45	(3.49)	5.56	(5.58)	34.28
KROS	2.64	(0.67)	0.00	7.65	0.00	0.00	4.41	(6.00)	19.64
FIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NAMSW	3.37	(0.14)	0.02	(0.02)	4.87	(4.69)	11.00	(10.01)	29.76

Sutro Biopharma Corporate Management

Barbara Leyman	Chief Officer	Profile
Shabbir Anik	Chief Technical Operations Officer	Profile
William JD	CEO Director	Profile
Nicki Vasquez	Chief Officer	Profile
Annie MBA	VP Relations	Profile

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