Lexicon Pharmaceuticals Correlations

LXRX Stock

USD 1.23 0.12 8.89%

The current 90-days correlation between Lexicon Pharmaceuticals and Protalix Biotherapeutics is 0.01 (i.e., Significant diversification). The correlation of Lexicon Pharmaceuticals 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.

Lexicon Pharmaceuticals Correlation With Market

Significant diversification

The correlation between Lexicon Pharmaceuticals and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lexicon Pharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Lexicon Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lexicon Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with Lexicon Stock

0.69	JNJ	Johnson Johnson	Pair Corr
0.72	PFE	Pfizer Inc	Pair Corr
0.76	KMDA	Kamada	Pair Corr
0.82	NKTR	Nektar Therapeutics	Pair Corr
0.76	FNMFO	Federal National Mortgage Earnings Call This Week	Pair Corr
0.63	AVAL	Grupo Aval	Pair Corr
0.69	KB	KB Financial Group	Pair Corr
0.82	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.87	WF	Woori Financial Group Earnings Call Tomorrow	Pair Corr
0.9	BAC-PL	Bank of America	Pair Corr
0.78	WFC-PL	Wells Fargo	Pair Corr
0.66	CSCO	Cisco Systems	Pair Corr
0.75	INTC	Intel Earnings Call This Week	Pair Corr
0.67	MSFT	Microsoft Aggressive Push	Pair Corr
0.77	CVX	Chevron Corp	Pair Corr
0.63	AXP	American Express	Pair Corr

Moving against Lexicon Stock

0.48	BCH	Banco De Chile Earnings Call This Week	Pair Corr
0.72	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.44	KO	Coca Cola Earnings Call Today	Pair Corr
0.34	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	EFTR	PLX	PDSB	ATYR	ELEV	RIGL	FOLD	CRIS
EFTR		0.0	0.0	0.0	0.0	0.0	0.0	0.0	EFTR
PLX	0.0		-0.48	-0.71	-0.08	-0.36	0.79	-0.33	PLX
PDSB	0.0	-0.48		0.4	-0.03	0.7	-0.44	0.77	PDSB
ATYR	0.0	-0.71	0.4		0.43	0.42	-0.57	0.35	ATYR
ELEV	0.0	-0.08	-0.03	0.43		-0.16	-0.06	-0.15	ELEV
RIGL	0.0	-0.36	0.7	0.42	-0.16		-0.17	0.71	RIGL
FOLD	0.0	0.79	-0.44	-0.57	-0.06	-0.17		-0.44	FOLD
CRIS	0.0	-0.33	0.77	0.35	-0.15	0.71	-0.44		CRIS
	EFTR	PLX	PDSB	ATYR	ELEV	RIGL	FOLD	CRIS

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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

FOLD	+ 0.79	PLX
CRIS	+ 0.77	PDSB
CRIS	+ 0.71	RIGL
RIGL	+ 0.7	PDSB
ELEV	+ 0.43	ATYR
RIGL	+ 0.42	ATYR

High negative correlations

ATYR	- 0.71	PLX
FOLD	- 0.57	ATYR
PDSB	- 0.48	PLX
CRIS	- 0.44	FOLD
FOLD	- 0.44	PDSB
RIGL	- 0.36	PLX

Risk-Adjusted Indicators

There is a big difference between Lexicon Stock performing well and Lexicon Pharmaceuticals 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 Lexicon Pharmaceuticals' 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
EFTR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PLX	3.80	(0.68)	0.00	(0.64)	0.00	0.00	6.21	(5.33)	53.03
PDSB	4.22	0.34	0.02	(0.22)	4.80	(4.57)	8.33	(8.27)	21.14
ATYR	3.35	0.98	0.23	1.77	3.32	(3.77)	7.78	(5.27)	19.68
ELEV	3.49	0.43	0.05	(1.70)	3.37	(6.17)	9.09	(6.67)	29.95
RIGL	2.18	0.09	0.04	0.22	2.56	(2.43)	4.78	(4.29)	14.20
FOLD	2.32	(0.37)	0.00	(0.10)	0.00	0.00	3.62	(5.21)	16.00
CRIS	4.57	0.37	0.08	0.32	5.88	(4.96)	11.55	(10.00)	36.14

Lexicon Pharmaceuticals Corporate Management

Kenneth MD	Senior Assurance	Profile
Chas Schultz	Executive Advocacy	Profile
Robert MD	Consultant Director	Profile
Tom Garner	Senior Officer	Profile
Suma Gopinathan	Vice Development	Profile
Desiree Gendron	Vice Training	Profile

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