Tourmaline Bio Correlations

TRML Stock

25.00 0.36 1.42%

The current 90-days correlation between Tourmaline Bio and Valneva SE ADR is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tourmaline Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tourmaline Bio moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tourmaline Bio Correlation With Market

Modest diversification

The correlation between Tourmaline Bio and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tourmaline Bio and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tourmaline Bio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Tourmaline Stock please use our How to buy in Tourmaline Stock guide.

Moving together with Tourmaline Stock

0.66	FLGC	Flora Growth Corp	Pair Corr
0.66	GNFT	Genfit	Pair Corr
0.65	LPCN	Lipocine	Pair Corr
0.76	ALVO	Alvotech	Pair Corr

Moving against Tourmaline Stock

0.57	PTN	Palatin Technologies	Pair Corr
0.44	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.34	ERNA	Eterna Therapeutics	Pair Corr
0.43	INKT	Mink Therapeutics	Pair Corr
0.41	REGN	Regeneron Pharmaceuticals	Pair Corr
0.34	AKAN	Akanda Corp	Pair Corr
0.33	SXTPW	60 Degrees Pharmaceu	Pair Corr
0.75	TOVX	Theriva Biologics	Pair Corr
0.49	TTOO	T2 Biosystms	Pair Corr
0.48	SMMT	Summit Therapeutics PLC	Pair Corr
0.46	TELO	Telomir Pharmaceuticals,	Pair Corr
0.32	ANRO	Alto Neuroscience,	Pair Corr

Related Correlations Analysis

	EQ	DMAC	VALN	VANI	DNLI	DNTH	DOMH	VCEL	VCNX	VCYT
EQ		-0.25	0.49	-0.17	0.11	0.48	0.32	-0.56	-0.14	-0.5	EQ
DMAC	-0.25		-0.66	0.48	-0.54	-0.34	-0.34	0.53	0.06	0.73	DMAC
VALN	0.49	-0.66		-0.61	0.56	0.7	0.76	-0.85	0.19	-0.94	VALN
VANI	-0.17	0.48	-0.61		-0.41	-0.46	-0.66	0.73	0.29	0.68	VANI
DNLI	0.11	-0.54	0.56	-0.41		0.62	0.46	-0.39	0.19	-0.45	DNLI
DNTH	0.48	-0.34	0.7	-0.46	0.62		0.54	-0.7	-0.11	-0.63	DNTH
DOMH	0.32	-0.34	0.76	-0.66	0.46	0.54		-0.74	0.17	-0.71	DOMH
VCEL	-0.56	0.53	-0.85	0.73	-0.39	-0.7	-0.74		0.22	0.9	VCEL
VCNX	-0.14	0.06	0.19	0.29	0.19	-0.11	0.17	0.22		0.02	VCNX
VCYT	-0.5	0.73	-0.94	0.68	-0.45	-0.63	-0.71	0.9	0.02		VCYT
	EQ	DMAC	VALN	VANI	DNLI	DNTH	DOMH	VCEL	VCNX	VCYT

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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

VCYT	+ 0.9	VCEL
DOMH	+ 0.76	VALN
VCYT	+ 0.73	DMAC
VCEL	+ 0.73	VANI
DNTH	+ 0.7	VALN
VCYT	+ 0.68	VANI

High negative correlations

VCYT	- 0.94	VALN
VCEL	- 0.85	VALN
VCEL	- 0.74	DOMH
VCYT	- 0.71	DOMH
VCEL	- 0.7	DNTH
DOMH	- 0.66	VANI

Risk-Adjusted Indicators

There is a big difference between Tourmaline Stock performing well and Tourmaline Bio 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 Tourmaline Bio'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
EQ	4.25	(0.27)	0.00	(0.03)	0.00	0.00	13.33	(8.24)	64.12
DMAC	2.60	0.36	0.11	1.73	2.24	(3.14)	6.41	(3.46)	18.09
VALN	2.22	(0.70)	0.00	6.44	0.00	0.00	3.61	(5.86)	12.07
VANI	2.27	0.05	0.01	0.17	2.54	(2.93)	5.36	(4.24)	20.23
DNLI	2.48	(0.32)	0.00	0.00	0.00	0.00	6.73	(5.35)	22.00
DNTH	2.86	(0.24)	0.00	(0.10)	0.00	0.00	7.13	(6.74)	16.65
DOMH	2.53	(0.31)	0.00	(0.18)	0.00	0.00	6.41	(4.69)	23.01
VCEL	2.12	0.24	0.15	0.25	1.98	(2.62)	5.15	(3.52)	12.86
VCNX	6.47	(0.05)	(0.01)	0.00	11.01	(5.79)	11.52	(16.55)	54.95
VCYT	2.08	0.48	0.19	0.51	2.05	(2.24)	5.42	(3.60)	14.52

Tourmaline Bio Corporate Management

Susan Jones	Chief Officer	Profile
Kimberly Piorkowski	Culture People	Profile
Bradford JD	General Officer	Profile
Dr MBA	Chief Officer	Profile
Emil MD	Senior Research	Profile
Yung MD	Chief Officer	Profile

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