10X Genomics Correlations

Stocks . USA . 
Stock . 10X Genomics
TXG Stock  USD 9.95  0.34  3.30%   
The current 90-days correlation between 10X Genomics and Twist Bioscience Corp is 0.59 (i.e., Very weak diversification). The correlation of 10X Genomics 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.

10X Genomics Correlation With Market

Modest diversification

The correlation between 10X Genomics and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 10X Genomics 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 10X Genomics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
For more detail on how to invest in 10X Stock please use our How to Invest in 10X Genomics guide.

Moving together with 10X Stock

  0.72EYEN EyenoviaPairCorr
  0.75MOLN Molecular PartnersPairCorr
  0.87CLDX Celldex TherapeuticsPairCorr
  0.65CRVS Corvus PharmaceuticalsPairCorr
  0.72ELMD ElectromedPairCorr
  0.83GKOS Glaukos CorpPairCorr
  0.76ITGR Integer Holdings CorpPairCorr
  0.76LIVN LivaNova PLCPairCorr
  0.83MODD Modular MedicalPairCorr
  0.74OTRK Ontrak IncPairCorr
  0.74APYX Apyx MedicalPairCorr
  0.68SGHT Sight SciencesPairCorr
  0.78SRDX SurModicsPairCorr
  0.9CNMD CONMEDPairCorr

Moving against 10X Stock

  0.89LUCD Lucid Diagnostics Buyout TrendPairCorr
  0.85CPIX Cumberland PharmaceuticalsPairCorr
  0.79INMD InModePairCorr
  0.77LUNG Pulmonx CorpPairCorr
  0.76CMRX Chimerix Sell-off TrendPairCorr
  0.72FNA Paragon 28PairCorr
  0.92CBYDF Corby SpiritPairCorr
  0.9TCTZF Tencent Holdings Downward RallyPairCorr
  0.84AXSM Axsome TherapeuticsPairCorr
  0.76NVRO Nevro CorpPairCorr
  0.75FWEDF Fireweed ZincPairCorr
  0.73BAOB Baraboo BancorporationPairCorr
  0.71CDR-PB Cedar Realty TrustPairCorr
  0.65GORO Gold ResourcePairCorr
  0.65DNCVF Defiance Silver CorpPairCorr
  0.59INVX Innovex International, Symbol ChangePairCorr
  0.58CDUAF Canadian UtilitiesPairCorr
  0.51KEY-PI KeyCorpPairCorr
  0.5KGC Kinross Gold Aggressive PushPairCorr
  0.5TOI Oncology Institute Earnings Call This WeekPairCorr

Related Correlations Analysis

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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   
VCYT
+ 0.86
TWST
VCYT
+ 0.68
FATE
FATE
+ 0.49
TWST
BEAM
+ 0.37
FATE
GH
+ 0.2
TWST
VCYT
+ 0.17
BEAM
  
High negative correlations   
GH
- 0.49
FATE

Risk-Adjusted Indicators

There is a big difference between 10X Stock performing well and 10X Genomics 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 10X Genomics' 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.

10X Genomics Corporate Management

James WilburChief OfficerProfile
Mennah MoustafaChief OfficerProfile
Ruth BackerChief OfficerProfile
Florian BaumgartnerSenior ManagerProfile
Jonathan SchimmelVP OperationsProfile
Jim GoodrichChief OperationsProfile
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