Compugen Correlations

CGEN Stock

USD 1.54 0.05 3.14%

The current 90-days correlation between Compugen and Fate Therapeutics is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Compugen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compugen moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Compugen Correlation With Market

Modest diversification

The correlation between Compugen and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Compugen and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Compugen. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

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

Moving together with Compugen Stock

0.73	PFE	Pfizer Inc	Pair Corr
0.74	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.7	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.7	EC	Ecopetrol SA ADR	Pair Corr
0.68	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.74	TLK	Telkom Indonesia Tbk	Pair Corr
0.64	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.62	JPM	JPMorgan Chase	Pair Corr
0.62	CVX	Chevron Corp	Pair Corr
0.64	BAC	Bank of America	Pair Corr
0.61	DIS	Walt Disney	Pair Corr

Moving against Compugen Stock

0.67

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	EVGN	RCUS	FATE	PLUR	CERS	SYRS	VCYT	IOVA
EVGN		0.29	0.29	-0.21	0.31	-0.33	-0.42	-0.29	EVGN
RCUS	0.29		0.59	-0.29	0.27	-0.23	-0.57	-0.39	RCUS
FATE	0.29	0.59		-0.32	0.22	0.07	-0.1	0.07	FATE
PLUR	-0.21	-0.29	-0.32		0.31	-0.2	0.28	0.15	PLUR
CERS	0.31	0.27	0.22	0.31		-0.63	-0.21	-0.14	CERS
SYRS	-0.33	-0.23	0.07	-0.2	-0.63		0.69	0.53	SYRS
VCYT	-0.42	-0.57	-0.1	0.28	-0.21	0.69		0.76	VCYT
IOVA	-0.29	-0.39	0.07	0.15	-0.14	0.53	0.76		IOVA
	EVGN	RCUS	FATE	PLUR	CERS	SYRS	VCYT	IOVA

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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

IOVA	+ 0.76	VCYT
VCYT	+ 0.69	SYRS
FATE	+ 0.59	RCUS
IOVA	+ 0.53	SYRS
CERS	+ 0.31	EVGN
CERS	+ 0.31	PLUR

High negative correlations

SYRS	- 0.63	CERS
VCYT	- 0.57	RCUS
VCYT	- 0.42	EVGN
IOVA	- 0.39	RCUS
SYRS	- 0.33	EVGN
PLUR	- 0.32	FATE

Risk-Adjusted Indicators

There is a big difference between Compugen Stock performing well and Compugen 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 Compugen'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
EVGN	5.60	1.12	0.13	(1.10)	5.38	(8.38)	7.96	(9.21)	119.91
RCUS	2.94	0.10	0.05	0.19	3.42	(3.09)	6.49	(6.42)	18.17
FATE	5.24	0.29	0.06	0.29	5.90	(5.95)	12.61	(9.29)	39.69
PLUR	4.80	0.36	0.08	0.39	4.67	(6.24)	10.86	(9.00)	54.29
CERS	3.08	(0.16)	0.00	0.06	3.32	(3.98)	6.20	(6.45)	16.51
SYRS	8.32	(0.59)	0.00	0.54	0.00	0.00	19.05	(12.50)	92.70
VCYT	1.74	(0.63)	0.00	(0.35)	0.00	0.00	2.98	(4.47)	8.82
IOVA	4.80	(0.62)	0.00	(0.12)	0.00	0.00	10.29	(7.25)	50.12

Compugen Corporate Management

Zurit Levine	VP of Research and Discovery	Profile
Alberto Sessa	Chief Officer	Profile
Rivka Schwartz	Vice Discovery	Profile
Henry MD	Senior Officer	Profile
Eran Ophir	Chief Officer	Profile
Michelle MD	Chief Officer	Profile

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