Gilead Sciences Correlations

GILD Stock

USD 108.22 0.58 0.53%

The current 90-days correlation between Gilead Sciences and Caribou Biosciences is 0.39 (i.e., Weak diversification). The correlation of Gilead Sciences 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.

Gilead Sciences Correlation With Market

Very weak diversification

The correlation between Gilead Sciences and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gilead Sciences and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gilead Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gilead Sciences. 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 economic analysis.

For information on how to trade Gilead Stock refer to our How to Trade Gilead Stock guide.

Moving together with Gilead Stock

0.74	PFE	Pfizer Inc	Pair Corr
0.81	CGEN	Compugen	Pair Corr
0.68	FNMFO	Federal National Mortgage	Pair Corr
0.71	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.74	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.7	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.69	CSCO	Cisco Systems	Pair Corr
0.65	IBM	International Business Earnings Call This Week	Pair Corr
0.61	AA	Alcoa Corp	Pair Corr
0.62	CVX	Chevron Corp	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		0.88	0.61	0.95	0.94	CRSP
VERV	0.82	0.88		0.4	0.84	0.81	VERV
BEAM	0.43	0.61	0.4		0.7	0.51	BEAM
PRME	0.85	0.95	0.84	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 Gilead Stock performing well and Gilead Sciences 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 Gilead Sciences' 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	5.61	2.50	0.50	(1.79)	3.28	(7.73)	9.83	(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

Gilead Sciences Corporate Management

Mr MD	VP Development	Profile
SeeChun MD	VP Oncology	Profile
Monica Tijerina	Clinical Manufacturing	Profile
Janet Dorling	Senior Solutions	Profile
Johanna Mercier	Chief Commercial Officer	Profile
Bilal Piperdi	Vice Oncology	Profile

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