CytomX Therapeutics Correlations

Stocks . USA . 
Stock . CytomX Therapeutics
CTMX Stock  USD 2.39  0.01  0.42%   
The current 90-days correlation between CytomX Therapeutics and Instil Bio is 0.07 (i.e., Significant diversification). The correlation of CytomX Therapeutics 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.

CytomX Therapeutics Correlation With Market

Weak diversification

The correlation between CytomX Therapeutics and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CytomX Therapeutics 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 CytomX Therapeutics. 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 CytomX Stock please use our How to Invest in CytomX Therapeutics guide.

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Moving against CytomX Stock

  0.47KO Coca ColaPairCorr
  0.4107274NBG7 BAYNGR 5 15PairCorr

Related Correlations Analysis

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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   
SPRO
+ 0.87
ASMB
KALA
+ 0.84
ASMB
TIL
+ 0.83
SPRO
SYRE
+ 0.76
TIL
SYRE
+ 0.71
ASMB
TIL
+ 0.7
ASMB
  
High negative correlations   
MGNX
- 0.35
SPRO
MGNX
- 0.22
ASMB
KALA
- 0.08
MGNX
MGNX
- 0.08
TIL

Risk-Adjusted Indicators

There is a big difference between CytomX Stock performing well and CytomX Therapeutics 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 CytomX Therapeutics' 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.

CytomX Therapeutics Corporate Management

JD RowlandGeneral VPProfile
MBA BSHead VPProfile
Stephanie RobertsonSenior LeadershipProfile
Danielle OlanderMoghadassianSenior OfficerProfile
YuWaye MDSenior OfficerProfile
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