Vericel Corp Correlations

VCEL Stock

USD 46.26 0.92 1.95%

The current 90-days correlation between Vericel Corp Ord and Merus BV is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vericel Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vericel Corp Ord moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vericel Corp Correlation With Market

Very weak diversification

The correlation between Vericel Corp Ord and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vericel Corp Ord 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 Vericel Corp Ord. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Vericel Stock

0.61	IPA	Immunoprecise Antibodies	Pair Corr
0.81	VOR	Vor Biopharma	Pair Corr
0.73	SNDL	SNDL Inc	Pair Corr
0.85	ELMD	Electromed	Pair Corr
0.79	GKOS	Glaukos Corp	Pair Corr
0.82	INGN	Inogen Inc	Pair Corr
0.76	ITGR	Integer Holdings Corp	Pair Corr
0.63	LIVN	LivaNova PLC	Pair Corr
0.64	OTRK	Ontrak Inc	Pair Corr
0.87	RKV	Rakovina Therapeutics	Pair Corr

Moving against Vericel Stock

0.57	CMRX	Chimerix	Pair Corr
0.38	CPIX	Cumberland Pharmaceuticals	Pair Corr
0.46	INMD	InMode	Pair Corr
0.42	LUNG	Pulmonx Corp	Pair Corr
0.4	LUCD	Lucid Diagnostics	Pair Corr
0.87	NHNCF	NAVER Corp	Pair Corr
0.73	PKX	POSCO Holdings	Pair Corr
0.54	BRK-A	Berkshire Hathaway	Pair Corr
0.54	BRK-B	Berkshire Hathaway	Pair Corr
0.48	TRGGF	Tarachi Gold Corp	Pair Corr

Related Correlations Analysis

	CLGN	KROS	MRUS	IPSC	CMRX	DAWN	XFOR	MREO	TERN	IDYA
CLGN		-0.04	-0.7	0.42	-0.55	0.54	0.46	0.48	0.26	0.49	CLGN
KROS	-0.04		0.19	0.81	-0.46	0.39	0.66	0.77	0.87	0.68	KROS
MRUS	-0.7	0.19		-0.3	0.57	-0.59	-0.39	-0.34	-0.2	-0.43	MRUS
IPSC	0.42	0.81	-0.3		-0.82	0.77	0.84	0.9	0.96	0.91	IPSC
CMRX	-0.55	-0.46	0.57	-0.82		-0.87	-0.78	-0.73	-0.78	-0.88	CMRX
DAWN	0.54	0.39	-0.59	0.77	-0.87		0.81	0.74	0.74	0.87	DAWN
XFOR	0.46	0.66	-0.39	0.84	-0.78	0.81		0.87	0.85	0.91	XFOR
MREO	0.48	0.77	-0.34	0.9	-0.73	0.74	0.87		0.9	0.89	MREO
TERN	0.26	0.87	-0.2	0.96	-0.78	0.74	0.85	0.9		0.91	TERN
IDYA	0.49	0.68	-0.43	0.91	-0.88	0.87	0.91	0.89	0.91		IDYA
	CLGN	KROS	MRUS	IPSC	CMRX	DAWN	XFOR	MREO	TERN	IDYA

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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

TERN	+ 0.96	IPSC
IDYA	+ 0.91	IPSC
IDYA	+ 0.91	XFOR
IDYA	+ 0.91	TERN
MREO	+ 0.9	IPSC
TERN	+ 0.9	MREO

High negative correlations

IDYA	- 0.88	CMRX
DAWN	- 0.87	CMRX
CMRX	- 0.82	IPSC
TERN	- 0.78	CMRX
XFOR	- 0.78	CMRX
MREO	- 0.73	CMRX

Risk-Adjusted Indicators

There is a big difference between Vericel Stock performing well and Vericel Corp 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 Vericel Corp'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
CLGN	2.43	(0.08)	0.00	(0.19)	0.00	0.00	5.83	(5.84)	17.19
KROS	2.63	(0.73)	0.00	9.16	0.00	0.00	4.41	(6.00)	19.64
MRUS	1.90	0.21	0.11	2.55	2.39	(2.05)	3.84	(3.44)	11.65
IPSC	2.92	(1.00)	0.00	(0.69)	0.00	0.00	5.88	(7.48)	17.02
CMRX	4.21	2.14	0.59	0.63	2.14	(5.11)	10.27	(4.14)	70.92
DAWN	2.87	(0.52)	0.00	(0.64)	0.00	0.00	6.36	(6.67)	22.86
XFOR	6.27	(0.67)	0.00	(1.77)	0.00	0.00	10.87	(13.51)	68.45
MREO	2.65	(0.57)	0.00	(0.84)	0.00	0.00	6.16	(6.32)	20.77
TERN	3.05	(0.92)	0.00	(1.16)	0.00	0.00	5.03	(6.98)	19.13
IDYA	2.30	(0.42)	0.00	(1.17)	0.00	0.00	4.11	(4.64)	12.18

Vericel Corp Corporate Management

Jonathan Siegal	VP Officer	Profile
Mike Gilligan	Senior Sales	Profile
Michael Halpin	Chief Officer	Profile
Patrick Fowler	Senior Strategy	Profile
Sean Flynn	Chief Officer	Profile
Joseph Mara	CFO Treasurer	Profile
MB FRCSEd	Chief Officer	Profile

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