HUTCHMED DRC Correlations

HCM Stock

USD 16.95 1.48 8.03%

The current 90-days correlation between HUTCHMED DRC and Crinetics Pharmaceuticals is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HUTCHMED DRC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HUTCHMED DRC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

HUTCHMED DRC Correlation With Market

Average diversification

The correlation between HUTCHMED DRC and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HUTCHMED DRC and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HUTCHMED DRC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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

Moving against HUTCHMED Stock

0.37

Procter Gamble Sell-off Trend

Pair Corr

Related Correlations Analysis

	CRNX	ENTA	FOLD	CNTB	LGND	PASG	ORIC	LYEL	DSGN	RVMD
CRNX		-0.05	0.03	-0.5	0.76	-0.2	-0.32	-0.4	0.59	0.72	CRNX
ENTA	-0.05		0.81	0.49	-0.45	0.11	0.02	0.39	-0.32	-0.62	ENTA
FOLD	0.03	0.81		0.39	-0.31	0.23	0.07	0.31	-0.17	-0.5	FOLD
CNTB	-0.5	0.49	0.39		-0.71	0.13	0.19	0.47	-0.56	-0.65	CNTB
LGND	0.76	-0.45	-0.31	-0.71		-0.03	-0.14	-0.51	0.64	0.85	LGND
PASG	-0.2	0.11	0.23	0.13	-0.03		0.42	0.16	0.02	-0.29	PASG
ORIC	-0.32	0.02	0.07	0.19	-0.14	0.42		0.67	0.11	-0.19	ORIC
LYEL	-0.4	0.39	0.31	0.47	-0.51	0.16	0.67		-0.18	-0.49	LYEL
DSGN	0.59	-0.32	-0.17	-0.56	0.64	0.02	0.11	-0.18		0.58	DSGN
RVMD	0.72	-0.62	-0.5	-0.65	0.85	-0.29	-0.19	-0.49	0.58		RVMD
	CRNX	ENTA	FOLD	CNTB	LGND	PASG	ORIC	LYEL	DSGN	RVMD

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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	+ 0.85	LGND
FOLD	+ 0.81	ENTA
LGND	+ 0.76	CRNX
RVMD	+ 0.72	CRNX
LYEL	+ 0.67	ORIC
DSGN	+ 0.64	LGND

High negative correlations

LGND	- 0.71	CNTB
RVMD	- 0.65	CNTB
RVMD	- 0.62	ENTA
DSGN	- 0.56	CNTB
LYEL	- 0.51	LGND
RVMD	- 0.5	FOLD

Risk-Adjusted Indicators

There is a big difference between HUTCHMED Stock performing well and HUTCHMED DRC 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 HUTCHMED DRC'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
CRNX	1.72	(0.02)	(0.01)	0.10	2.47	(1.60)	3.67	(3.45)	16.75
ENTA	2.15	(0.68)	0.00	(1.00)	0.00	0.00	3.68	(4.76)	11.52
FOLD	1.55	(0.22)	0.00	(0.33)	0.00	0.00	3.16	(3.58)	18.26
CNTB	4.75	0.09	0.04	0.18	5.44	(5.95)	12.12	(9.01)	48.67
LGND	1.87	0.04	0.04	0.15	2.44	(1.89)	4.11	(4.58)	17.78
PASG	6.16	0.76	0.15	0.37	5.91	(7.95)	12.07	(10.45)	32.24
ORIC	2.76	(0.22)	(0.02)	0.01	4.34	(2.49)	5.64	(5.18)	23.18
LYEL	4.85	(0.88)	0.00	(0.11)	0.00	0.00	13.39	(9.47)	36.92
DSGN	3.92	0.21	0.07	0.21	5.08	(4.31)	9.43	(7.45)	35.31
RVMD	1.99	0.34	0.15	0.44	2.00	(2.17)	4.81	(3.24)	10.95

HUTCHMED DRC Corporate Management

Kin MBA	Senior Communications	Profile
CA BEc	CFO Director	Profile
CS CGP	Company Director	Profile
Yiling Cui	Executive Operations	Profile
Charles Nixon	Group Counsel	Profile
Qingmei Wang	Senior Alliances	Profile

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