Krystal Biotech Correlations

KRYS Stock

USD 147.49 2.66 1.77%

The current 90-days correlation between Krystal Biotech and Blueprint Medicines Corp is 0.2 (i.e., Modest diversification). The correlation of Krystal Biotech 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.

Krystal Biotech Correlation With Market

Very weak diversification

The correlation between Krystal Biotech and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Krystal Biotech and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Krystal Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Krystal 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 manufacturing.

For more information on how to buy Krystal Stock please use our How to Invest in Krystal Biotech guide.

Moving against Krystal Stock

0.58	BCH	Banco De Chile	Pair Corr
0.55	AVAL	Grupo Aval	Pair Corr
0.51	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.48	INCR	INC Research Holdings	Pair Corr
0.4	RCUS	Arcus Biosciences	Pair Corr
0.37	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.7	TRV	The Travelers Companies	Pair Corr
0.69	DIS	Walt Disney	Pair Corr
0.6	MSFT	Microsoft	Pair Corr
0.55	AXP	American Express	Pair Corr
0.54	CSCO	Cisco Systems	Pair Corr
0.53	WMT	Walmart Sell-off Trend	Pair Corr
0.53	HPQ	HP Inc	Pair Corr
0.53	AA	Alcoa Corp	Pair Corr
0.51	IBM	International Business Earnings Call This Week	Pair Corr
0.5	HD	Home Depot	Pair Corr
0.31	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BPMC	MRUS	RCKT	PTCT	MGTX	APLS	RGNX	RYTM
BPMC		0.79	-0.83	0.48	0.52	0.3	0.39	0.48	BPMC
MRUS	0.79		-0.86	0.58	0.44	0.37	0.37	0.52	MRUS
RCKT	-0.83	-0.86		-0.46	-0.3	-0.1	-0.22	-0.35	RCKT
PTCT	0.48	0.58	-0.46		0.33	0.25	0.43	0.17	PTCT
MGTX	0.52	0.44	-0.3	0.33		0.58	0.19	0.81	MGTX
APLS	0.3	0.37	-0.1	0.25	0.58		0.24	0.6	APLS
RGNX	0.39	0.37	-0.22	0.43	0.19	0.24		0.12	RGNX
RYTM	0.48	0.52	-0.35	0.17	0.81	0.6	0.12		RYTM
	BPMC	MRUS	RCKT	PTCT	MGTX	APLS	RGNX	RYTM

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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

RYTM	+ 0.81	MGTX
MRUS	+ 0.79	BPMC
RYTM	+ 0.6	APLS
PTCT	+ 0.58	MRUS
APLS	+ 0.58	MGTX
MGTX	+ 0.52	BPMC

High negative correlations

RCKT	- 0.86	MRUS
RCKT	- 0.83	BPMC
PTCT	- 0.46	RCKT
RYTM	- 0.35	RCKT
MGTX	- 0.3	RCKT
RGNX	- 0.22	RCKT

Risk-Adjusted Indicators

There is a big difference between Krystal Stock performing well and Krystal 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 Krystal 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
BPMC	1.86	0.75	0.47	4.64	0.61	(2.41)	5.43	(1.91)	26.28
MRUS	3.20	0.68	0.19	2.21	2.74	(4.32)	8.47	(4.37)	40.42
RCKT	5.76	(0.21)	0.00	0.53	0.00	0.00	11.06	(8.46)	76.11
PTCT	2.07	0.22	0.02	1.58	4.23	(2.04)	4.20	(3.08)	23.50
MGTX	3.39	0.86	0.15	17.59	4.26	(3.70)	8.54	(8.36)	22.01
APLS	2.49	(0.06)	(0.03)	0.06	2.70	(2.90)	5.62	(4.60)	18.33
RGNX	4.77	0.69	0.11	1.03	5.84	(5.40)	13.43	(8.59)	36.09
RYTM	2.53	0.60	0.22	0.89	2.11	(2.97)	4.28	(3.76)	39.26

Krystal Biotech Corporate Management

Christine Wilson	Head Marketing	Profile
David Chien	Senior Development	Profile
Hubert MD	Senior Development	Profile
Gloria Lin	Accounting Mang	Profile
Kathryn Romano	Executive Officer	Profile
Katherine Tuminello	HR Mang	Profile

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