SpringWorks Therapeutics Correlations

SWTX Stock

USD 47.21 1.30 2.68%

The current 90-days correlation between SpringWorks Therapeutics and Arvinas is 0.05 (i.e., Significant diversification). The correlation of SpringWorks 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.

SpringWorks Therapeutics Correlation With Market

Significant diversification

The correlation between SpringWorks Therapeutics 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 SpringWorks Therapeutics 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 SpringWorks 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 estimate.

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

Moving together with SpringWorks Stock

0.92	LUCD	Lucid Diagnostics	Pair Corr
0.83	WM	Waste Management	Pair Corr
0.66	GE	GE Aerospace	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr
0.8	JNJ	Johnson Johnson	Pair Corr
0.68	INTC	Intel Sell-off Trend	Pair Corr
0.84	T	ATT Inc Aggressive Push	Pair Corr
0.7	DD	Dupont De Nemours	Pair Corr
0.79	IBM	International Business	Pair Corr

Moving against SpringWorks Stock

0.81	SCLX	Scilex Holding	Pair Corr
0.69	ASMB	Assembly Biosciences Earnings Call Today	Pair Corr
0.62	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.52	CMND	Clearmind Medicine Common	Pair Corr
0.5	CDIOW	Cardio Diagnostics	Pair Corr
0.5	ELVN	Enliven Therapeutics Downward Rally	Pair Corr
0.46	CDIO	Cardio Diagnostics	Pair Corr
0.77	MRK	Merck Company	Pair Corr
0.71	CAT	Caterpillar	Pair Corr
0.7	MSFT	Microsoft Aggressive Push	Pair Corr
0.35	HD	Home Depot	Pair Corr
0.34	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	RLAY	STOK	PLRX	BDTX	ARVN	DAWN	MRTX	AMLX	TERN	APLS
RLAY		0.71	0.84	0.74	0.66	0.84	0.0	0.21	0.7	0.78	RLAY
STOK	0.71		0.74	0.75	0.52	0.73	0.0	0.54	0.74	0.77	STOK
PLRX	0.84	0.74		0.61	0.6	0.76	0.0	0.4	0.88	0.88	PLRX
BDTX	0.74	0.75	0.61		0.72	0.83	0.0	0.08	0.56	0.63	BDTX
ARVN	0.66	0.52	0.6	0.72		0.8	0.0	-0.01	0.65	0.69	ARVN
DAWN	0.84	0.73	0.76	0.83	0.8		0.0	0.16	0.76	0.82	DAWN
MRTX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MRTX
AMLX	0.21	0.54	0.4	0.08	-0.01	0.16	0.0		0.56	0.52	AMLX
TERN	0.7	0.74	0.88	0.56	0.65	0.76	0.0	0.56		0.96	TERN
APLS	0.78	0.77	0.88	0.63	0.69	0.82	0.0	0.52	0.96		APLS
	RLAY	STOK	PLRX	BDTX	ARVN	DAWN	MRTX	AMLX	TERN	APLS

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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

APLS	+ 0.96	TERN
TERN	+ 0.88	PLRX
APLS	+ 0.88	PLRX
PLRX	+ 0.84	RLAY
DAWN	+ 0.84	RLAY
DAWN	+ 0.83	BDTX

High negative correlations

AMLX	- 0.01	ARVN
APLS	- 0.0	MRTX
TERN	- 0.0	MRTX
AMLX	- 0.0	MRTX
MRTX	- 0.0	DAWN
MRTX	- 0.0	ARVN

Risk-Adjusted Indicators

There is a big difference between SpringWorks Stock performing well and SpringWorks 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 SpringWorks 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
RLAY	4.12	(0.52)	(0.27)	6.27	(7.87)	26.72
STOK	3.54	(0.58)	(0.33)	7.03	(9.08)	20.29
PLRX	6.36	(2.22)	(0.52)	10.39	(14.98)	80.84
BDTX	3.96	(0.56)	(6.69)	7.09	(7.35)	29.04
ARVN	3.73	(0.91)	(0.32)	5.93	(6.05)	61.27
DAWN	2.88	(0.56)	7.46	6.36	(6.67)	22.86
MRTX	0.00	0.00	0.00	0.00	0.00	0.00
AMLX	3.64	(0.10)	(0.05)	7.20	(9.09)	21.45
TERN	3.11	(1.01)	(0.93)	5.03	(6.98)	19.13
APLS	2.11	(0.53)	(0.39)	4.11	(4.33)	20.77

SpringWorks Therapeutics Corporate Management

Badreddin Edris	Chief Officer	Profile
Mary Smith	Chief Officer	Profile
Kim Diamond	Vice Relations	Profile
James MD	Chief Officer	Profile
Michael Nofi	Chief Officer	Profile
TaiAn Lin	Chief Officer	Profile
Saqib JD	CEO Director	Profile

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