Ascendis Pharma Correlations

ASND Stock

USD 165.54 2.48 1.48%

The current 90-days correlation between Ascendis Pharma AS and Legend Biotech Corp is 0.1 (i.e., Average diversification). The correlation of Ascendis Pharma 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.

Ascendis Pharma Correlation With Market

Average diversification

The correlation between Ascendis Pharma AS 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 Ascendis Pharma AS and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ascendis Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ascendis Pharma AS. 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.

Moving together with Ascendis Stock

0.75	PFE	Pfizer Inc	Pair Corr
0.82	CGEN	Compugen	Pair Corr
0.73	KB	KB Financial Group	Pair Corr
0.72	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.71	WF	Woori Financial Group Earnings Call Tomorrow	Pair Corr
0.65	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.66	IBM	International Business Earnings Call Tomorrow	Pair Corr
0.62	MSFT	Microsoft	Pair Corr
0.65	CVX	Chevron Corp	Pair Corr

Moving against Ascendis Stock

0.31	BCH	Banco De Chile Earnings Call This Week	Pair Corr
0.47	HPQ	HP Inc	Pair Corr
0.39	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	LEGN	PCVX	APLS	TVTX	AKRO	ARGX	ONC	BPMC
LEGN		0.56	0.6	-0.21	0.46	-0.14	0.72	0.56	LEGN
PCVX	0.56		0.69	-0.18	0.64	0.06	0.73	0.49	PCVX
APLS	0.6	0.69		0.02	0.37	0.35	0.65	0.31	APLS
TVTX	-0.21	-0.18	0.02		-0.57	0.46	-0.28	-0.51	TVTX
AKRO	0.46	0.64	0.37	-0.57		-0.41	0.63	0.89	AKRO
ARGX	-0.14	0.06	0.35	0.46	-0.41		0.04	-0.62	ARGX
ONC	0.72	0.73	0.65	-0.28	0.63	0.04		0.55	ONC
BPMC	0.56	0.49	0.31	-0.51	0.89	-0.62	0.55		BPMC
	LEGN	PCVX	APLS	TVTX	AKRO	ARGX	ONC	BPMC

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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

BPMC	+ 0.89	AKRO
ONC	+ 0.73	PCVX
ONC	+ 0.72	LEGN
APLS	+ 0.69	PCVX
ONC	+ 0.65	APLS
AKRO	+ 0.64	PCVX

High negative correlations

BPMC	- 0.62	ARGX
AKRO	- 0.57	TVTX
BPMC	- 0.51	TVTX
ARGX	- 0.41	AKRO
ONC	- 0.28	TVTX
TVTX	- 0.21	LEGN

Risk-Adjusted Indicators

There is a big difference between Ascendis Stock performing well and Ascendis Pharma 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 Ascendis Pharma'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
LEGN	2.44	0.20	0.08	0.28	2.75	(2.75)	6.79	(4.01)	17.50
PCVX	2.99	0.11	0.05	0.21	3.48	(3.73)	6.93	(4.73)	21.28
APLS	2.48	(0.05)	(0.02)	0.08	2.69	(2.90)	5.62	(4.60)	18.33
TVTX	2.87	(0.03)	0.01	0.11	4.86	(2.73)	5.57	(5.42)	28.16
AKRO	2.50	0.45	0.13	0.95	2.54	(2.84)	5.49	(5.32)	30.05
ARGX	1.58	(0.16)	0.00	(0.16)	0.00	0.00	3.07	(3.42)	11.12
ONC	2.15	0.21	0.08	0.37	2.32	(2.34)	4.59	(4.48)	15.50
BPMC	1.86	0.83	0.46	(1.79)	0.61	(2.41)	5.43	(1.91)	26.28

Ascendis Pharma Corporate Management

Michael LLM	Chief VP	Profile
Birgitte MD	Sr Affairs	Profile
Stina MD	Executive Oncology	Profile
Scott Holmes	Head Endocrinology	Profile
Timothy Lee	Director Relations	Profile
Jay Wu	Executive US	Profile
Nyssa Noyola	Vice Management	Profile

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