Caribou Biosciences Correlations

CRBU Stock

USD 0.79 0.03 3.95%

The current 90-days correlation between Caribou Biosciences and Editas Medicine is 0.02 (i.e., Significant diversification). The correlation of Caribou Biosciences 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.

Caribou Biosciences Correlation With Market

Very weak diversification

The correlation between Caribou Biosciences and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Caribou Biosciences and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Caribou Stock

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

For more information on how to buy Caribou Stock please use our How to Invest in Caribou Biosciences guide.

Moving together with Caribou Stock

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0.71	PFE	Pfizer Inc	Pair Corr
0.79	PAHC	Phibro Animal Health	Pair Corr
0.89	AMPH	Amphastar P	Pair Corr
0.76	SUPN	Supernus Pharmaceuticals	Pair Corr
0.69	COLL	Collegium Pharmaceutical	Pair Corr
0.92	ONC	Oncolytics Biotech	Pair Corr
0.85	BAC	Bank of America Aggressive Push	Pair Corr
0.79	IBM	International Business	Pair Corr
0.88	HD	Home Depot Earnings Call This Week	Pair Corr
0.78	JPM	JPMorgan Chase	Pair Corr
0.63	MMM	3M Company	Pair Corr
0.87	AXP	American Express	Pair Corr
0.92	HPQ	HP Inc	Pair Corr
0.86	AA	Alcoa Corp Earnings Call Tomorrow	Pair Corr
0.89	DIS	Walt Disney Aggressive Push	Pair Corr

Moving against Caribou Stock

0.86	ANIP	ANI Pharmaceuticals Earnings Call Today	Pair Corr
0.84	CWT	California Water Service	Pair Corr
0.67	CVS	CVS Health Corp	Pair Corr
0.58	RGC	Regencell Bioscience Trending	Pair Corr
0.75	T	ATT Inc	Pair Corr
0.72	KO	Coca Cola	Pair Corr
0.62	MCD	McDonalds	Pair Corr
0.59	TRV	The Travelers Companies	Pair Corr
0.47	PMHG	Prime Meridian Holding	Pair Corr
0.4	WHLRD	Wheeler Real Estate	Pair Corr

Related Correlations Analysis

	NTLA	EDIT	CRSP	VERV	BEAM	FATE	PRME	SANA	ADPT
NTLA		0.64	0.92	0.86	0.95	0.64	0.91	0.88	0.21	NTLA
EDIT	0.64		0.58	0.37	0.52	0.38	0.5	0.38	0.22	EDIT
CRSP	0.92	0.58		0.77	0.91	0.58	0.81	0.81	0.15	CRSP
VERV	0.86	0.37	0.77		0.91	0.67	0.87	0.91	0.09	VERV
BEAM	0.95	0.52	0.91	0.91		0.54	0.94	0.92	0.15	BEAM
FATE	0.64	0.38	0.58	0.67	0.54		0.58	0.51	0.19	FATE
PRME	0.91	0.5	0.81	0.87	0.94	0.58		0.85	0.19	PRME
SANA	0.88	0.38	0.81	0.91	0.92	0.51	0.85		0.09	SANA
ADPT	0.21	0.22	0.15	0.09	0.15	0.19	0.19	0.09		ADPT
	NTLA	EDIT	CRSP	VERV	BEAM	FATE	PRME	SANA	ADPT

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Risk-Adjusted Indicators

There is a big difference between Caribou Stock performing well and Caribou Biosciences 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 Caribou Biosciences' 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
NTLA	4.51	(0.12)	0.00	(0.20)	0.00	0.00	9.54	(7.09)	26.84
EDIT	7.31	0.72	0.10	(2.93)	8.04	(9.69)	17.29	(9.30)	119.53
CRSP	3.15	(0.01)	0.00	(0.12)	0.00	0.00	9.29	(4.88)	26.57
VERV	5.32	(0.42)	0.00	(0.35)	0.00	0.00	11.28	(11.08)	41.88
BEAM	4.49	(0.34)	0.00	(0.32)	0.00	0.00	8.04	(10.63)	32.57
FATE	6.30	(0.02)	0.00	(0.17)	0.00	0.00	12.77	(10.69)	39.69
PRME	5.42	(0.44)	0.00	(0.31)	0.00	0.00	12.10	(11.54)	36.87
SANA	5.26	(0.46)	0.00	(0.39)	0.00	0.00	11.11	(12.42)	30.15
ADPT	3.87	0.55	0.11	0.23	3.90	(5.09)	9.26	(6.82)	45.86

Caribou Biosciences Corporate Management

Sriram MBA	Chief Officer	Profile
Amy CFA	Vice Communications	Profile
Cindy Hayashi	VP HR	Profile
Ryan Fischesser	Interim Controller	Profile
Jason MBA	Chief Officer	Profile
JD Esq	Chief Secretary	Profile
Timothy MBA	Chief Officer	Profile

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