Exicure Correlations

XCUR Stock

USD 12.90 0.50 4.03%

The current 90-days correlation between Exicure and Ikena Oncology is 0.07 (i.e., Significant diversification). The correlation of Exicure 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.

Exicure Correlation With Market

Good diversification

The correlation between Exicure 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 Exicure and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Exicure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

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

Moving together with Exicure Stock

0.69	VERA	Vera Therapeutics	Pair Corr
0.8	DSGN	Design Therapeutics	Pair Corr
0.72	VKTX	Viking Therapeutics	Pair Corr
0.61	VTYX	Ventyx Biosciences	Pair Corr

Moving against Exicure Stock

0.62	VALN	Valneva SE ADR	Pair Corr
0.61	VIGL	Vigil Neuroscience	Pair Corr
0.5	DMAC	DiaMedica Therapeutics	Pair Corr
0.48	EQ	Equillium	Pair Corr
0.42	VERV	Verve Therapeutics	Pair Corr
0.39	DTIL	Precision BioSciences Earnings Call This Week	Pair Corr
0.67	VRNA	Verona Pharma PLC	Pair Corr
0.51	VSTM	Verastem	Pair Corr
0.47	VTGN	VistaGen Therapeutics	Pair Corr
0.43	SRZNW	Surrozen Warrant	Pair Corr
0.37	VTVT	vTv Therapeutics	Pair Corr
0.35	EDSA	Edesa Biotech	Pair Corr

Related Correlations Analysis

	IKNA	ELYM	HCWB	ZIVO	RNXT	TPST	CBIO	SCPH	MIST
IKNA		0.0	0.19	0.0	0.64	0.15	0.0	0.57	0.07	IKNA
ELYM	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ELYM
HCWB	0.19	0.0		0.0	0.16	0.05	0.0	0.29	0.13	HCWB
ZIVO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ZIVO
RNXT	0.64	0.0	0.16	0.0		0.49	0.0	0.44	0.2	RNXT
TPST	0.15	0.0	0.05	0.0	0.49		0.0	0.47	0.6	TPST
CBIO	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	CBIO
SCPH	0.57	0.0	0.29	0.0	0.44	0.47	0.0		0.33	SCPH
MIST	0.07	0.0	0.13	0.0	0.2	0.6	0.0	0.33		MIST
	IKNA	ELYM	HCWB	ZIVO	RNXT	TPST	CBIO	SCPH	MIST

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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

RNXT	+ 0.64	IKNA
MIST	+ 0.6	TPST
SCPH	+ 0.57	IKNA
TPST	+ 0.49	RNXT
SCPH	+ 0.47	TPST
SCPH	+ 0.44	RNXT

High negative correlations

MIST	- 0.0	CBIO
SCPH	- 0.0	CBIO
CBIO	- 0.0	TPST
CBIO	- 0.0	RNXT
MIST	- 0.0	ZIVO
SCPH	- 0.0	ZIVO

Risk-Adjusted Indicators

There is a big difference between Exicure Stock performing well and Exicure 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 Exicure'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
IKNA	1.99	(0.37)	0.00	(1.01)	0.00	0.00	4.65	(3.73)	16.13
ELYM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HCWB	6.65	0.54	0.09	(1.30)	6.33	(12.78)	9.76	(14.29)	148.94
ZIVO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RNXT	3.42	(0.36)	0.00	(0.67)	0.00	0.00	6.92	(8.04)	30.92
TPST	2.78	0.17	0.02	0.00	3.41	(3.55)	5.13	(5.49)	26.61
CBIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCPH	2.30	(0.18)	0.00	(0.45)	0.00	0.00	4.86	(4.11)	12.76
MIST	3.40	0.54	0.15	0.43	3.44	(4.32)	8.08	(6.59)	24.77

Exicure Corporate Executives

Elected by the shareholders, the Exicure's board of directors comprises two types of representatives: Exicure inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Exicure. The board's role is to monitor Exicure's management team and ensure that shareholders' interests are well served. Exicure's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Exicure's outside directors are responsible for providing unbiased perspectives on the board's policies.

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