Benitec Biopharma Correlations

BNTC Stock

USD 10.09 0.36 3.70%

The current 90-days correlation between Benitec Biopharma and Zura Bio Limited is -0.05 (i.e., Good diversification). The correlation of Benitec Biopharma 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.

Benitec Biopharma Correlation With Market

Significant diversification

The correlation between Benitec Biopharma Ltd and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Benitec Biopharma Ltd 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 Benitec Biopharma Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Benitec Stock

0.86	EWTX	Edgewise Therapeutics	Pair Corr
0.67	BHC	Bausch Health Companies	Pair Corr
0.65	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr
0.69	EBS	Emergent Biosolutions	Pair Corr
0.74	GANX	Gain Therapeutics	Pair Corr
0.69	GILD	Gilead Sciences	Pair Corr
0.62	CPRX	Catalyst Pharmaceuticals	Pair Corr

Moving against Benitec Stock

0.72	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.67	ELAN	Elanco Animal Health	Pair Corr
0.65	HLN	Haleon plc	Pair Corr
0.63	TAK	Takeda Pharmaceutical	Pair Corr
0.56	LTRN	Lantern Pharma	Pair Corr
0.51	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.5	ZTS	Zoetis Inc	Pair Corr
0.47	RDY	Dr Reddys Laboratories	Pair Corr
0.44	LLY	Eli Lilly	Pair Corr
0.42	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.58	ANRO	Alto Neuroscience,	Pair Corr
0.54	SIGA	SIGA Technologies	Pair Corr
0.41	AMGN	Amgen Inc	Pair Corr
0.37	ANEB	Anebulo Pharmaceuticals	Pair Corr
0.35	CTLT	Catalent	Pair Corr

Related Correlations Analysis

	BPTH	CBIO	DFFN	CAPR	NXTC	EFTR	LABP	APGN	NAVB	ANGN
BPTH		-0.6	0.42	0.02	0.48	0.16	-0.35	0.44	-0.04	-0.37	BPTH
CBIO	-0.6		-0.8	0.52	-0.6	-0.29	0.79	-0.12	-0.34	0.82	CBIO
DFFN	0.42	-0.8		-0.56	0.52	0.55	-0.81	0.06	0.47	-0.75	DFFN
CAPR	0.02	0.52	-0.56		-0.44	-0.41	0.7	0.32	-0.85	0.59	CAPR
NXTC	0.48	-0.6	0.52	-0.44		0.59	-0.48	0.11	0.45	-0.47	NXTC
EFTR	0.16	-0.29	0.55	-0.41	0.59		-0.32	0.15	0.57	-0.25	EFTR
LABP	-0.35	0.79	-0.81	0.7	-0.48	-0.32		0.04	-0.52	0.9	LABP
APGN	0.44	-0.12	0.06	0.32	0.11	0.15	0.04		-0.03	0.06	APGN
NAVB	-0.04	-0.34	0.47	-0.85	0.45	0.57	-0.52	-0.03		-0.34	NAVB
ANGN	-0.37	0.82	-0.75	0.59	-0.47	-0.25	0.9	0.06	-0.34		ANGN
	BPTH	CBIO	DFFN	CAPR	NXTC	EFTR	LABP	APGN	NAVB	ANGN

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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

ANGN	+ 0.9	LABP
ANGN	+ 0.82	CBIO
LABP	+ 0.79	CBIO
LABP	+ 0.7	CAPR
ANGN	+ 0.59	CAPR
EFTR	+ 0.59	NXTC

High negative correlations

NAVB	- 0.85	CAPR
LABP	- 0.81	DFFN
DFFN	- 0.8	CBIO
ANGN	- 0.75	DFFN
NXTC	- 0.6	CBIO
CBIO	- 0.6	BPTH

Risk-Adjusted Indicators

There is a big difference between Benitec Stock performing well and Benitec Biopharma 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 Benitec Biopharma'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
BPTH	3.79	(0.14)	0.00	0.75	0.00	0.00	6.67	(7.76)	51.22
CBIO	4.25	0.99	0.12	(4.73)	4.45	(6.17)	9.76	(8.33)	38.47
DFFN	2.40	(0.48)	0.00	2.30	0.00	0.00	4.09	(5.32)	12.34
CAPR	6.68	2.63	0.49	31.47	4.03	(9.08)	18.22	(7.37)	69.31
NXTC	2.58	(0.37)	0.00	1.82	0.00	0.00	5.22	(6.37)	21.68
EFTR	7.57	(5.30)	0.00	(0.79)	0.00	0.00	8.70	(27.78)	88.91
LABP	3.55	0.28	0.09	0.26	3.81	(3.77)	8.58	(7.05)	19.47
APGN	5.12	0.24	(0.01)	(0.08)	5.50	(7.45)	7.89	(11.11)	58.79
NAVB	6.04	(1.04)	0.00	2.21	0.00	0.00	12.50	(12.50)	40.40
ANGN	5.04	0.87	0.12	10.86	5.44	(5.75)	11.55	(7.70)	42.18

Benitec Biopharma Corporate Management

Michael Graham	Founding Scientist and Head of Discovery	Profile
Bryan Dulhunty	Chief Officer	Profile
Claudia Kloth	Senior Manufacturing	Profile
Craig Lewis	Chief Adviser	Profile

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