Emergent Biosolutions Correlations

EBS Stock

USD 10.11 0.21 2.03%

The current 90-days correlation between Emergent Biosolutions and SIGA Technologies is 0.22 (i.e., Modest diversification). The correlation of Emergent Biosolutions 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.

Emergent Biosolutions Correlation With Market

Good diversification

The correlation between Emergent Biosolutions and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emergent Biosolutions and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Emergent Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emergent Biosolutions. 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 Emergent Stock please use our How to Invest in Emergent Biosolutions guide.

Moving together with Emergent Stock

0.61	VYNE	Vyne Therapeutics	Pair Corr
0.64	ERNA	Eterna Therapeutics	Pair Corr
0.71	UPB	Upstream Bio,	Pair Corr
0.69	ZBIO	Zenas BioPharma, Common	Pair Corr
0.65	ZYME	Zymeworks Common Stock	Pair Corr
0.75	IMNM	Immunome Earnings Call Tomorrow	Pair Corr
0.7	600201	Jinyu Bio Technology	Pair Corr

Moving against Emergent Stock

0.7	688089	Cabio Biotech Wuhan	Pair Corr
0.59	688238	OBiO Technology Corp	Pair Corr
0.58	OPTI	OptiBiotix Health Plc	Pair Corr
0.52	KPRX	Kiora Pharmaceuticals	Pair Corr
0.51	AIM	AIM ImmunoTech	Pair Corr
0.49	HCWB	HCW Biologics Buyout Trend	Pair Corr
0.38	300439	Ningbo MedicalSystem	Pair Corr
0.37	INAB	In8bio Inc	Pair Corr
0.72	METROPOLIS	Metropolis Healthcare	Pair Corr
0.66	688166	BrightGene Bio Medical	Pair Corr
0.59	MTNB	Matinas BioPharma	Pair Corr
0.57	MAIA	MAIA Biotechnology	Pair Corr
0.57	OBI	Ondine Biomedical	Pair Corr
0.5	300942	Shenzhen Bioeasy Bio	Pair Corr
0.4	300871	Wuhan Hvsen Biotechnology	Pair Corr
0.33	PLRZ	Polyrizon Ordinary	Pair Corr
0.33	RNXT	RenovoRx Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	SIGA	SNDL	ESPR	AQST	RIGL	ORGO	PRTA	CMPS	CRVS	OLMA
SIGA		0.72	-0.35	-0.15	-0.24	-0.67	-0.49	-0.13	-0.61	-0.03	SIGA
SNDL	0.72		-0.26	-0.13	-0.31	-0.43	-0.41	0.0	-0.52	0.18	SNDL
ESPR	-0.35	-0.26		0.63	-0.44	0.05	0.6	0.65	0.72	0.67	ESPR
AQST	-0.15	-0.13	0.63		-0.78	-0.43	0.79	0.93	0.75	0.73	AQST
RIGL	-0.24	-0.31	-0.44	-0.78		0.64	-0.58	-0.84	-0.46	-0.79	RIGL
ORGO	-0.67	-0.43	0.05	-0.43	0.64		-0.16	-0.44	0.05	-0.34	ORGO
PRTA	-0.49	-0.41	0.6	0.79	-0.58	-0.16		0.81	0.89	0.62	PRTA
CMPS	-0.13	0.0	0.65	0.93	-0.84	-0.44	0.81		0.73	0.78	CMPS
CRVS	-0.61	-0.52	0.72	0.75	-0.46	0.05	0.89	0.73		0.61	CRVS
OLMA	-0.03	0.18	0.67	0.73	-0.79	-0.34	0.62	0.78	0.61		OLMA
	SIGA	SNDL	ESPR	AQST	RIGL	ORGO	PRTA	CMPS	CRVS	OLMA

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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

CMPS	+ 0.93	AQST
CRVS	+ 0.89	PRTA
CMPS	+ 0.81	PRTA
PRTA	+ 0.79	AQST
OLMA	+ 0.78	CMPS
CRVS	+ 0.75	AQST

High negative correlations

CMPS	- 0.84	RIGL
OLMA	- 0.79	RIGL
RIGL	- 0.78	AQST
ORGO	- 0.67	SIGA
CRVS	- 0.61	SIGA
PRTA	- 0.58	RIGL

Risk-Adjusted Indicators

There is a big difference between Emergent Stock performing well and Emergent Biosolutions 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 Emergent Biosolutions' 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
SIGA	2.14	(0.54)	0.00	2.20	0.00	0.00	4.01	(3.67)	26.67
SNDL	2.97	(0.37)	0.00	(0.28)	0.00	0.00	6.32	(5.28)	32.67
ESPR	3.70	0.67	0.10	(0.78)	4.71	(4.25)	7.64	(6.34)	30.62
AQST	3.77	0.58	0.11	(0.78)	4.07	(4.25)	7.90	(7.56)	36.92
RIGL	3.17	0.18	0.03	0.60	3.71	(4.17)	6.21	(6.22)	37.94
ORGO	3.17	0.71	0.16	(0.41)	2.97	(4.03)	5.79	(4.85)	48.90
PRTA	2.06	0.28	0.08	(0.86)	2.09	(2.58)	4.76	(3.74)	18.33
CMPS	3.30	0.40	0.07	7.02	4.32	(3.76)	8.28	(6.15)	28.62
CRVS	3.02	0.87	0.26	(1.48)	2.65	(3.80)	7.50	(4.22)	19.77
OLMA	4.23	0.77	0.15	16.00	4.19	(5.47)	12.77	(6.13)	47.85

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