Y MAbs Correlations

YMAB Stock

USD 9.77 0.24 2.40%

The current 90-days correlation between Y mAbs Therapeutics and Mersana Therapeutics is 0.47 (i.e., Very weak diversification). The correlation of Y MAbs 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.

Y MAbs Correlation With Market

Weak diversification

The correlation between Y mAbs Therapeutics and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Y mAbs Therapeutics 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 Y mAbs 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 nation.

Moving together with YMAB Stock

0.75	VALN	Valneva SE ADR	Pair Corr
0.76	ERNA	Eterna Therapeutics	Pair Corr
0.71	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.75	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.77	GNFT	Genfit	Pair Corr
0.63	INBX	Inhibrx Symbol Change	Pair Corr
0.69	MBIO	Mustang Bio	Pair Corr
0.74	MRVI	Maravai Lifesciences	Pair Corr
0.66	RANI	Rani Therapeutics	Pair Corr
0.78	ABBV	AbbVie Inc	Pair Corr
0.66	ABOS	Acumen Pharmaceuticals	Pair Corr
0.82	AMGN	Amgen Inc	Pair Corr
0.76	APGE	Apogee Therapeutics,	Pair Corr
0.71	AQST	Aquestive Therapeutics	Pair Corr
0.88	AVDL	Avadel Pharmaceuticals	Pair Corr

Moving against YMAB Stock

0.76	DYAI	Dyadic International	Pair Corr
0.61	ESPR	Esperion Therapeutics	Pair Corr
0.55	BMY	Bristol Myers Squibb	Pair Corr
0.31	GILD	Gilead Sciences	Pair Corr
0.45	MNMD	Mind Medicine	Pair Corr
0.33	ABCL	Abcellera Biologics	Pair Corr
0.5	TARS	Tarsus Pharmaceuticals	Pair Corr

Related Correlations Analysis

	TCRR	RVMD	BDTX	BCEL	PASG	BLUE	MRSN	ZNTL	TVTX	GBIO
TCRR		0.8	-0.71	-0.08	-0.11	-0.75	0.39	0.12	0.64	-0.64	TCRR
RVMD	0.8		-0.6	0.13	-0.22	-0.66	0.39	0.05	0.65	-0.42	RVMD
BDTX	-0.71	-0.6		-0.25	0.1	0.59	-0.44	0.28	-0.87	0.76	BDTX
BCEL	-0.08	0.13	-0.25		-0.19	0.05	-0.12	-0.37	0.19	0.17	BCEL
PASG	-0.11	-0.22	0.1	-0.19		0.18	0.25	0.28	0.02	-0.18	PASG
BLUE	-0.75	-0.66	0.59	0.05	0.18		-0.41	-0.08	-0.5	0.59	BLUE
MRSN	0.39	0.39	-0.44	-0.12	0.25	-0.41		0.36	0.58	-0.52	MRSN
ZNTL	0.12	0.05	0.28	-0.37	0.28	-0.08	0.36		-0.15	0.12	ZNTL
TVTX	0.64	0.65	-0.87	0.19	0.02	-0.5	0.58	-0.15		-0.67	TVTX
GBIO	-0.64	-0.42	0.76	0.17	-0.18	0.59	-0.52	0.12	-0.67		GBIO
	TCRR	RVMD	BDTX	BCEL	PASG	BLUE	MRSN	ZNTL	TVTX	GBIO

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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

RVMD	+ 0.8	TCRR
GBIO	+ 0.76	BDTX
TVTX	+ 0.65	RVMD
TVTX	+ 0.64	TCRR
BLUE	+ 0.59	BDTX
GBIO	+ 0.59	BLUE

High negative correlations

TVTX	- 0.87	BDTX
BLUE	- 0.75	TCRR
BDTX	- 0.71	TCRR
GBIO	- 0.67	TVTX
BLUE	- 0.66	RVMD
GBIO	- 0.64	TCRR

Risk-Adjusted Indicators

There is a big difference between YMAB Stock performing well and Y MAbs 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 Y MAbs' 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
TCRR	3.16	0.42	0.07	(0.87)	3.26	(4.40)	5.77	(6.25)	43.60
RVMD	2.20	0.01	0.01	0.11	3.01	(2.16)	4.81	(5.31)	16.40
BDTX	3.43	(1.48)	0.00	(0.61)	0.00	0.00	5.00	(8.30)	18.25
BCEL	3.90	0.18	0.02	0.94	5.00	(4.64)	7.53	(9.65)	23.80
PASG	6.36	0.18	0.05	0.16	6.70	(8.01)	12.07	(11.86)	84.39
BLUE	6.29	(0.32)	0.01	0.04	8.42	(8.85)	7.89	(13.64)	146.10
MRSN	4.73	0.24	0.08	0.17	5.56	(5.33)	11.48	(10.81)	32.25
ZNTL	4.34	(0.13)	0.00	0.05	5.43	(4.59)	11.41	(8.71)	33.76
TVTX	2.63	0.51	0.22	0.50	2.07	(3.58)	6.98	(4.12)	19.78
GBIO	3.90	(1.36)	0.00	(0.26)	0.00	0.00	6.36	(8.20)	21.16

Y MAbs Corporate Management

Courtney Dugan	Vice Relations	Profile
Susan Smith	Senior Officer	Profile
MBBS MBA	Senior Officer	Profile
Torben MSc	VP Operations	Profile
Sue Smith	VP Officer	Profile

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