Generation Bio Correlations

Generation Bio Correlation With Market

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Generation Bio Co. 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.

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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    ORIC + 0.92 ANNX ANNX + 0.7 IPSC PCVX + 0.7 IPSC ALXO + 0.67 NKTX ORIC + 0.64 IPSC PCVX + 0.56 ANNX

High negative correlations    ANNX - 0.4 NKTX ORIC - 0.39 NKTX MLYS - 0.37 KZR ORIC - 0.27 MLYS ORIC - 0.18 KROS NKTX - 0.18 MLYS

Risk-Adjusted Indicators

There is a big difference between Generation Stock performing well and Generation Bio 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 Generation Bio'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.