2Seventy Bio Correlations

TSVT Stock

USD 4.96 0.01 0.20%

The current 90-days correlation between 2Seventy Bio and Puma Biotechnology is 0.04 (i.e., Significant diversification). The correlation of 2Seventy Bio 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.

2Seventy Bio Correlation With Market

Good diversification

The correlation between 2Seventy Bio and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 2Seventy Bio 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 2Seventy Bio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy 2Seventy Stock please use our How to Invest in 2Seventy Bio guide.

Moving against 2Seventy Stock

0.63	VCEL	Vericel Corp Ord	Pair Corr
0.58	A	Agilent Technologies	Pair Corr
0.52	VCYT	Veracyte	Pair Corr
0.49	DRTS	Alpha Tau Medical	Pair Corr
0.46	DNLI	Denali Therapeutics	Pair Corr
0.39	CDIOW	Cardio Diagnostics	Pair Corr
0.33	VERV	Verve Therapeutics	Pair Corr
0.46	VRAX	Virax Biolabs Group	Pair Corr
0.45	ELDN	Eledon Pharmaceuticals Earnings Call This Week	Pair Corr
0.43	VYNE	Vyne Therapeutics	Pair Corr
0.41	VRPX	Virpax Pharmaceuticals	Pair Corr
0.41	VXRT	Vaxart Inc	Pair Corr
0.41	ELAN	Elanco Animal Health	Pair Corr
0.37	ELEV	Elevation Oncology	Pair Corr

Related Correlations Analysis

	ICPT	PBYI	IOVA	SRPT	DAWN	INZY	ZNTL	SNDX	PTGX	THRX
ICPT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ICPT
PBYI	0.0		-0.39	-0.24	-0.6	-0.12	-0.17	-0.29	0.39	0.0	PBYI
IOVA	0.0	-0.39		0.89	0.85	0.89	0.87	-0.1	-0.43	0.0	IOVA
SRPT	0.0	-0.24	0.89		0.79	0.78	0.76	-0.15	-0.52	0.0	SRPT
DAWN	0.0	-0.6	0.85	0.79		0.58	0.61	0.1	-0.6	0.0	DAWN
INZY	0.0	-0.12	0.89	0.78	0.58		0.9	-0.32	-0.18	0.0	INZY
ZNTL	0.0	-0.17	0.87	0.76	0.61	0.9		-0.24	-0.24	0.0	ZNTL
SNDX	0.0	-0.29	-0.1	-0.15	0.1	-0.32	-0.24		-0.43	0.0	SNDX
PTGX	0.0	0.39	-0.43	-0.52	-0.6	-0.18	-0.24	-0.43		0.0	PTGX
THRX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		THRX
	ICPT	PBYI	IOVA	SRPT	DAWN	INZY	ZNTL	SNDX	PTGX	THRX

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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

ZNTL	+ 0.9	INZY
SRPT	+ 0.89	IOVA
INZY	+ 0.89	IOVA
ZNTL	+ 0.87	IOVA
DAWN	+ 0.85	IOVA
DAWN	+ 0.79	SRPT

High negative correlations

PTGX	- 0.6	DAWN
DAWN	- 0.6	PBYI
PTGX	- 0.52	SRPT
PTGX	- 0.43	SNDX
PTGX	- 0.43	IOVA
IOVA	- 0.39	PBYI

Risk-Adjusted Indicators

There is a big difference between 2Seventy Stock performing well and 2Seventy Bio 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 2Seventy Bio'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
ICPT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBYI	3.10	0.37	0.10	0.20	3.18	(3.78)	7.47	(5.45)	27.29
IOVA	3.08	(1.18)	0.00	(2.03)	0.00	0.00	4.31	(7.85)	24.66
SRPT	2.03	(0.64)	0.00	(0.68)	0.00	0.00	3.58	(5.10)	10.14
DAWN	2.84	(0.57)	0.00	(0.74)	0.00	0.00	6.36	(6.67)	22.86
INZY	3.98	(1.35)	0.00	(0.93)	0.00	0.00	6.82	(9.17)	36.29
ZNTL	4.87	(0.61)	0.00	(0.35)	0.00	0.00	8.00	(11.11)	42.40
SNDX	2.36	(0.15)	0.00	(0.31)	0.00	0.00	5.59	(5.34)	15.51
PTGX	2.79	0.41	0.24	(0.38)	2.45	(3.34)	3.48	(3.74)	50.66
THRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

2Seventy Bio Corporate Management

Teresa JD	General VP	Profile
Susan AbuAbsi	Chief Officer	Profile
DPHIL Phil	Chief Officer	Profile
Anna TruppelHartmann	Chief Officer	Profile
Victoria Eatwell	Chief Officer	Profile
Steven Shamah	Head Research	Profile

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