Regenxbio Correlations

RGNX Stock

USD 9.92 0.09 0.90%

The current 90-days correlation between Regenxbio and Replimune Group is 0.15 (i.e., Average diversification). The correlation of Regenxbio 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.

Regenxbio Correlation With Market

Weak diversification

The correlation between Regenxbio and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Regenxbio and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Regenxbio. 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 more information on how to buy Regenxbio Stock please use our How to Invest in Regenxbio guide.

Moving together with Regenxbio Stock

0.64	ELAN	Elanco Animal Health	Pair Corr
0.67	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.66	LTRN	Lantern Pharma	Pair Corr
0.61	ANRO	Alto Neuroscience,	Pair Corr
0.67	SIGA	SIGA Technologies	Pair Corr

Moving against Regenxbio Stock

0.7	EWTX	Edgewise Therapeutics	Pair Corr
0.61	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr
0.59	BHC	Bausch Health Companies	Pair Corr
0.59	BCTXW	BriaCell Therapeutics	Pair Corr
0.56	GANX	Gain Therapeutics	Pair Corr
0.55	HCM	HUTCHMED DRC	Pair Corr
0.51	ESPR	Esperion Therapeutics Buyout Trend	Pair Corr
0.47	GILD	Gilead Sciences	Pair Corr
0.44	EBS	Emergent Biosolutions	Pair Corr
0.36	WAT	Waters	Pair Corr
0.32	BFRIW	Biofrontera Warrants	Pair Corr
0.46	BSX	Boston Scientific Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	DAWN	REPL	MIRM	RCKT	RNA	QURE	PTGX	PLRX	IMCR	RVMD
DAWN		0.15	-0.19	0.24	0.46	0.51	0.53	0.64	0.27	0.32	DAWN
REPL	0.15		0.35	-0.54	0.27	0.27	0.31	0.32	-0.17	0.67	REPL
MIRM	-0.19	0.35		-0.56	-0.1	0.26	-0.46	0.13	0.33	0.47	MIRM
RCKT	0.24	-0.54	-0.56		-0.07	-0.19	0.34	-0.16	0.28	-0.72	RCKT
RNA	0.46	0.27	-0.1	-0.07		0.27	0.28	0.28	-0.06	0.37	RNA
QURE	0.51	0.27	0.26	-0.19	0.27		0.07	0.68	0.41	0.57	QURE
PTGX	0.53	0.31	-0.46	0.34	0.28	0.07		0.38	-0.1	-0.01	PTGX
PLRX	0.64	0.32	0.13	-0.16	0.28	0.68	0.38		0.45	0.5	PLRX
IMCR	0.27	-0.17	0.33	0.28	-0.06	0.41	-0.1	0.45		-0.09	IMCR
RVMD	0.32	0.67	0.47	-0.72	0.37	0.57	-0.01	0.5	-0.09		RVMD
	DAWN	REPL	MIRM	RCKT	RNA	QURE	PTGX	PLRX	IMCR	RVMD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

PLRX	+ 0.68	QURE
RVMD	+ 0.67	REPL
PLRX	+ 0.64	DAWN
RVMD	+ 0.57	QURE
PTGX	+ 0.53	DAWN
QURE	+ 0.51	DAWN

High negative correlations

RVMD	- 0.72	RCKT
RCKT	- 0.56	MIRM
RCKT	- 0.54	REPL
PTGX	- 0.46	MIRM
QURE	- 0.19	RCKT
MIRM	- 0.19	DAWN

Risk-Adjusted Indicators

There is a big difference between Regenxbio Stock performing well and Regenxbio 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 Regenxbio'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
DAWN	2.06	(0.09)	(0.04)	0.01	2.77	(1.91)	3.84	(3.69)	11.44
REPL	3.32	0.38	0.12	0.34	3.34	(3.59)	8.25	(6.02)	46.30
MIRM	1.79	0.01	(0.01)	0.14	2.41	(1.90)	3.88	(4.31)	12.25
RCKT	2.83	(0.43)	0.00	(1.24)	0.00	0.00	6.59	(5.67)	21.07
RNA	2.92	(0.17)	(0.02)	0.03	4.30	(2.99)	5.78	(7.08)	27.94
QURE	3.96	0.06	0.00	0.22	4.53	(4.50)	11.07	(6.29)	36.04
PTGX	1.93	(0.14)	(0.03)	0.04	2.31	(1.95)	3.70	(3.74)	14.61
PLRX	2.74	(0.11)	0.01	0.08	3.13	(2.91)	5.37	(5.55)	24.35
IMCR	1.98	(0.26)	0.00	(0.12)	0.00	0.00	3.54	(4.18)	10.78
RVMD	1.99	0.34	0.15	0.44	2.00	(2.17)	4.81	(3.24)	10.95

Regenxbio Corporate Management

Ram PharmD	Executive Operations	Profile
JD II	Executive Officer	Profile
Tricia Truehart	VP Communications	Profile
Olivier Danos	Chief Scientific Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC