Xencor Correlations

XNCR Stock

USD 25.60 0.02 0.08%

The current 90-days correlation between Xencor Inc and Edgewise Therapeutics is 0.11 (i.e., Average diversification). The correlation of Xencor 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.

Xencor Correlation With Market

Very weak diversification

The correlation between Xencor Inc and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xencor Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xencor Inc. 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.

Moving together with Xencor Stock

0.89	VCYT	Veracyte	Pair Corr
0.77	VERA	Vera Therapeutics	Pair Corr
0.65	DRUG	Bright Minds Biosciences Trending	Pair Corr
0.71	DSGN	Design Therapeutics	Pair Corr
0.7	SABSW	SAB Biotherapeutics	Pair Corr
0.7	DVAX	Dynavax Technologies	Pair Corr
0.87	VRNA	Verona Pharma PLC	Pair Corr
0.85	VSTM	Verastem Trending	Pair Corr

Moving against Xencor Stock

0.89	VALN	Valneva SE ADR	Pair Corr
0.74	ME	23Andme Holding Upward Rally	Pair Corr
0.72	DRRX	Durect	Pair Corr
0.54	DNTH	Dianthus Therapeutics	Pair Corr
0.53	DRMA	Dermata Therapeutics	Pair Corr
0.47	A	Agilent Technologies Sell-off Trend	Pair Corr
0.39	EQ	Equillium	Pair Corr
0.37	DOMH	Dominari Holdings	Pair Corr
0.34	VCNX	Vaccinex	Pair Corr
0.8	DTIL	Precision BioSciences	Pair Corr
0.79	VINC	Vincerx Pharma	Pair Corr
0.75	VIRX	Viracta Therapeutics	Pair Corr
0.75	VRCA	Verrica Pharmaceuticals	Pair Corr
0.75	VTGN	VistaGen Therapeutics	Pair Corr
0.61	VRAX	Virax Biolabs Group	Pair Corr
0.51	CDTTW	Conduit Pharmaceuticals	Pair Corr
0.49	VRPX	Virpax Pharmaceuticals	Pair Corr
0.41	VIGL	Vigil Neuroscience	Pair Corr

Related Correlations Analysis

	EWTX	KROS	GLUE	MLYS	ERAS	KURA	PTGX	MRUS	REPL	CERE
EWTX		0.72	0.43	0.73	-0.16	-0.53	0.34	0.12	0.59	-0.14	EWTX
KROS	0.72		0.29	0.68	0.12	-0.18	0.52	0.42	0.46	-0.08	KROS
GLUE	0.43	0.29		0.22	0.39	-0.54	0.01	-0.24	0.55	-0.24	GLUE
MLYS	0.73	0.68	0.22		-0.01	-0.2	0.48	0.57	0.44	-0.09	MLYS
ERAS	-0.16	0.12	0.39	-0.01		0.17	0.12	0.16	-0.04	-0.06	ERAS
KURA	-0.53	-0.18	-0.54	-0.2	0.17		0.09	0.51	-0.74	0.39	KURA
PTGX	0.34	0.52	0.01	0.48	0.12	0.09		0.48	0.31	-0.04	PTGX
MRUS	0.12	0.42	-0.24	0.57	0.16	0.51	0.48		-0.14	0.23	MRUS
REPL	0.59	0.46	0.55	0.44	-0.04	-0.74	0.31	-0.14		-0.44	REPL
CERE	-0.14	-0.08	-0.24	-0.09	-0.06	0.39	-0.04	0.23	-0.44		CERE
	EWTX	KROS	GLUE	MLYS	ERAS	KURA	PTGX	MRUS	REPL	CERE

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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

MLYS	+ 0.73	EWTX
KROS	+ 0.72	EWTX
MLYS	+ 0.68	KROS
REPL	+ 0.59	EWTX
MRUS	+ 0.57	MLYS
REPL	+ 0.55	GLUE

High negative correlations

REPL	- 0.74	KURA
KURA	- 0.54	GLUE
KURA	- 0.53	EWTX
CERE	- 0.44	REPL
CERE	- 0.24	GLUE
MRUS	- 0.24	GLUE

Risk-Adjusted Indicators

There is a big difference between Xencor Stock performing well and Xencor 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 Xencor'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
EWTX	3.41	0.71	0.27	0.39	2.67	(3.91)	6.65	(4.64)	61.02
KROS	2.10	0.23	0.11	0.30	2.20	(2.25)	4.39	(4.31)	16.94
GLUE	5.18	0.88	0.25	0.43	3.74	(7.01)	8.10	(8.18)	102.66
MLYS	2.71	(0.16)	0.00	0.06	3.42	(2.78)	6.27	(5.79)	20.98
ERAS	3.18	(0.19)	(0.02)	0.03	3.53	(3.69)	7.34	(5.19)	17.38
KURA	2.40	(0.77)	0.00	(5.58)	0.00	0.00	4.98	(4.04)	42.52
PTGX	1.93	(0.14)	(0.03)	0.04	2.31	(1.95)	3.70	(3.74)	14.61
MRUS	1.66	(0.35)	0.00	(0.18)	0.00	0.00	3.08	(2.83)	10.85
REPL	3.32	0.38	0.12	0.34	3.34	(3.59)	8.25	(6.02)	46.30
CERE	0.77	0.06	(0.05)	0.49	0.94	(1.02)	1.91	(1.59)	6.40

Xencor Corporate Management

John Desjarlais	Chief Scientific Officer and Sr. VP of Research	Profile
Nancy MD	Executive Officer	Profile
Dane CFA	Senior Strategy	Profile
Jennifer Sandoz	Senior Resources	Profile
Kirk RAC	Senior Assurance	Profile

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