EXACT Sciences Correlations

Stocks . USA . 
Stock . EXACT Sciences
EXAS Stock  USD 61.69  0.39  0.63%   
The current 90-days correlation between EXACT Sciences and Candel Therapeutics is 0.05 (i.e., Significant diversification). The correlation of EXACT Sciences 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.

EXACT Sciences Correlation With Market

Very good diversification

The correlation between EXACT Sciences and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EXACT Sciences and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EXACT Sciences. 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.
For more information on how to buy EXACT Stock please use our How to Invest in EXACT Sciences guide.

Moving together with EXACT Stock

  0.61DOMH Dominari HoldingsPairCorr
  0.69VIRX Viracta TherapeuticsPairCorr
  0.65VKTX Viking Therapeutics Potential GrowthPairCorr

Moving against EXACT Stock

  0.77VCEL Vericel Corp OrdPairCorr
  0.47VERA Vera TherapeuticsPairCorr
  0.47SABSW SAB BiotherapeuticsPairCorr
  0.42VANI Vivani MedicalPairCorr
  0.41VCYT VeracytePairCorr
  0.39DSGN Design TherapeuticsPairCorr
  0.73VTRS ViatrisPairCorr
  0.69VNDA Vanda PharmaceuticalsPairCorr
  0.67DVAX Dynavax TechnologiesPairCorr
  0.43VSTM Verastem TrendingPairCorr
  0.41VTVT vTv TherapeuticsPairCorr
  0.38DYAI Dyadic InternationalPairCorr
  0.38VRNA Verona Pharma PLCPairCorr

Related Correlations Analysis

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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   
CINGW
+ 0.72
CADL
CVKD
+ 0.57
UNCY
VRAX
+ 0.53
CDIO
VRAX
+ 0.29
CADL
CDIO
+ 0.29
UNCY
SNTI
+ 0.26
UNCY
  
High negative correlations   
CVKD
- 0.71
VRAX
UNCY
- 0.67
CINGW
CVKD
- 0.63
CADL
UNCY
- 0.63
CADL
CDIO
- 0.47
CINGW
VRAX
- 0.39
UNCY

Risk-Adjusted Indicators

There is a big difference between EXACT Stock performing well and EXACT Sciences 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 EXACT Sciences' 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.

EXACT Sciences Corporate Management

James HerriottGeneral VPProfile
Jeffrey CFAChief OfficerProfile
Ana HookerChief OfficerProfile
Aaron BloomerExecutive FinanceProfile
Vic ParkerHead SalesProfile
Sarah CondellaExecutive ResourcesProfile
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