BeiGene Correlations

BGNE Stock

USD 206.16 14.05 7.31%

The current 90-days correlation between BeiGene and Incyte is 0.06 (i.e., Significant diversification). The correlation of BeiGene 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.

BeiGene Correlation With Market

Significant diversification

The correlation between BeiGene and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BeiGene and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BeiGene. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade BeiGene Stock refer to our How to Trade BeiGene Stock guide.

Moving together with BeiGene Stock

0.83

HCM

HUTCHMED DRC

Pair Corr

Moving against BeiGene Stock

0.52	INAB	In8bio Inc	Pair Corr
0.5	VTRS	Viatris	Pair Corr
0.6	NBIX	Neurocrine Biosciences	Pair Corr
0.53	MNMD	Mind Medicine	Pair Corr
0.45	DXCM	DexCom Inc	Pair Corr
0.33	MOLN	Molecular Partners	Pair Corr
0.32	SIGA	SIGA Technologies	Pair Corr

Related Correlations Analysis

	ASND	APLS	AKRO	BPMC	IMAB	KRYS	IMVT	MRTX	INCY	BMRN
ASND		-0.03	-0.15	0.04	0.18	-0.03	-0.1	0.41	-0.2	-0.12	ASND
APLS	-0.03		-0.61	0.04	-0.38	0.72	0.42	0.55	-0.39	0.82	APLS
AKRO	-0.15	-0.61		0.51	-0.07	-0.15	-0.23	-0.63	0.8	-0.69	AKRO
BPMC	0.04	0.04	0.51		-0.42	0.36	-0.1	-0.2	0.68	-0.15	BPMC
IMAB	0.18	-0.38	-0.07	-0.42		-0.41	0.25	-0.03	-0.34	0.0	IMAB
KRYS	-0.03	0.72	-0.15	0.36	-0.41		0.19	0.23	0.02	0.52	KRYS
IMVT	-0.1	0.42	-0.23	-0.1	0.25	0.19		0.26	-0.22	0.6	IMVT
MRTX	0.41	0.55	-0.63	-0.2	-0.03	0.23	0.26		-0.53	0.5	MRTX
INCY	-0.2	-0.39	0.8	0.68	-0.34	0.02	-0.22	-0.53		-0.55	INCY
BMRN	-0.12	0.82	-0.69	-0.15	0.0	0.52	0.6	0.5	-0.55		BMRN
	ASND	APLS	AKRO	BPMC	IMAB	KRYS	IMVT	MRTX	INCY	BMRN

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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

BMRN	+ 0.82	APLS
INCY	+ 0.8	AKRO
KRYS	+ 0.72	APLS
INCY	+ 0.68	BPMC
BMRN	+ 0.6	IMVT
MRTX	+ 0.55	APLS

High negative correlations

BMRN	- 0.69	AKRO
MRTX	- 0.63	AKRO
AKRO	- 0.61	APLS
BMRN	- 0.55	INCY
INCY	- 0.53	MRTX
IMAB	- 0.42	BPMC

Risk-Adjusted Indicators

There is a big difference between BeiGene Stock performing well and BeiGene 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 BeiGene'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
ASND	2.10	(0.08)	(0.04)	0.02	2.76	(2.26)	4.75	(3.56)	22.16
APLS	2.51	(0.25)	0.00	(0.26)	0.00	0.00	4.48	(5.17)	15.97
AKRO	2.37	0.13	0.07	0.19	2.66	(2.46)	5.23	(4.45)	13.37
BPMC	1.81	(0.09)	(0.02)	0.04	2.58	(1.72)	4.90	(3.62)	14.28
IMAB	3.72	(0.47)	0.00	(0.21)	0.00	0.00	7.83	(7.50)	30.63
KRYS	1.82	(0.17)	(0.05)	0.01	2.13	(2.09)	4.45	(3.75)	12.05
IMVT	2.05	(0.24)	0.00	(0.12)	0.00	0.00	3.77	(5.06)	17.16
MRTX	2.24	(0.50)	0.00	(0.67)	0.00	0.00	4.02	(4.07)	16.13
INCY	1.55	0.11	0.05	0.22	2.00	(1.64)	3.02	(2.70)	20.37
BMRN	1.28	(0.52)	0.00	(1.04)	0.00	0.00	1.42	(3.32)	18.88

BeiGene Corporate Management

Chan Lee	General VP	Profile
Mi Zhou	Director Relations	Profile
Liza Heapes	Head Relations	Profile
Wang Lai	Global RD	Profile
Kevin Mannix	VP Relations	Profile

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