Fortress Biotech Correlations

FBIO Stock

USD 1.95 0.02 1.04%

The current 90-days correlation between Fortress Biotech and Crispr Therapeutics AG is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortress Biotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortress Biotech moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fortress Biotech Correlation With Market

Modest diversification

The correlation between Fortress Biotech and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fortress Biotech and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fortress Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fortress Biotech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

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

Moving together with Fortress Stock

0.77	PFE	Pfizer Inc	Pair Corr
0.77	RCUS	Arcus Biosciences	Pair Corr
0.64	CGEN	Compugen	Pair Corr
0.67	AVAL	Grupo Aval	Pair Corr
0.82	KB	KB Financial Group Earnings Call Tomorrow	Pair Corr
0.8	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.71	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.75	CSCO	Cisco Systems	Pair Corr
0.68	IBM	International Business Earnings Call This Week	Pair Corr
0.66	AA	Alcoa Corp	Pair Corr
0.79	MSFT	Microsoft	Pair Corr
0.62	CVX	Chevron Corp	Pair Corr
0.75	DIS	Walt Disney	Pair Corr
0.74	AXP	American Express	Pair Corr

Moving against Fortress Stock

0.34

Procter Gamble

Pair Corr

Related Correlations Analysis

	CRBU	CRSP	VERV	BEAM	PRME	SANA
CRBU		0.92	0.82	0.43	0.85	0.97	CRBU
CRSP	0.92		0.87	0.61	0.95	0.94	CRSP
VERV	0.82	0.87		0.37	0.82	0.81	VERV
BEAM	0.43	0.61	0.37		0.7	0.51	BEAM
PRME	0.85	0.95	0.82	0.7		0.9	PRME
SANA	0.97	0.94	0.81	0.51	0.9		SANA
	CRBU	CRSP	VERV	BEAM	PRME	SANA

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Risk-Adjusted Indicators

There is a big difference between Fortress Stock performing well and Fortress Biotech 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 Fortress Biotech'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
CRBU	5.41	1.36	0.24	0.77	4.79	(6.66)	12.02	(8.49)	23.18
CRSP	2.85	0.66	0.22	0.56	2.83	(3.38)	7.09	(4.35)	16.14
VERV	5.11	1.90	0.41	12.27	3.30	(7.11)	9.30	(5.64)	83.78
BEAM	2.87	0.18	0.05	0.24	4.23	(2.92)	6.28	(4.15)	26.62
PRME	6.84	1.82	0.30	1.04	5.67	(9.04)	21.58	(10.81)	41.91
SANA	4.85	1.42	0.36	1.02	3.47	(6.48)	12.50	(7.06)	31.62

Fortress Biotech Corporate Management

Samuel Berry	General Secretary	Profile
Xiaoqin MD	Chief Officer	Profile
Robyn Hunter	Ex Officer	Profile
Thomas Schaible	Project Disease	Profile

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