Mirum Pharmaceuticals Correlations
MIRM Stock | USD 51.93 0.80 1.52% |
The current 90-days correlation between Mirum Pharmaceuticals and Kiniksa Pharmaceuticals is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mirum Pharmaceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mirum Pharmaceuticals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Mirum Pharmaceuticals Correlation With Market
Weak diversification
The correlation between Mirum Pharmaceuticals and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mirum Pharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Mirum Stock
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0.65 | CGEN | Compugen | PairCorr |
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0.93 | WF | Woori Financial Group Earnings Call This Week | PairCorr |
0.78 | BAC-PL | Bank of America | PairCorr |
0.92 | CSCO | Cisco Systems | PairCorr |
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0.93 | IBM | International Business Earnings Call This Week | PairCorr |
0.83 | AA | Alcoa Corp | PairCorr |
0.93 | MSFT | Microsoft | PairCorr |
0.91 | CVX | Chevron Corp | PairCorr |
0.89 | DIS | Walt Disney | PairCorr |
0.88 | AXP | American Express | PairCorr |
Moving against Mirum Stock
0.65 | PG | Procter Gamble | PairCorr |
0.63 | KO | Coca Cola Earnings Call Tomorrow | PairCorr |
0.33 | 07274NBG7 | BAYNGR 5 15 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Mirum Stock performing well and Mirum 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 Mirum 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
KNSA | 2.16 | 0.44 | 0.17 | 0.63 | 2.07 | 4.26 | 28.78 | |||
DAWN | 2.36 | (0.31) | 0.00 | (0.11) | 0.00 | 5.90 | 16.05 | |||
GPCR | 2.51 | 0.10 | (0.02) | (0.83) | 3.02 | 6.16 | 25.49 | |||
PHAT | 6.43 | 1.16 | 0.20 | 0.60 | 6.03 | 10.95 | 99.31 | |||
CRNX | 2.21 | (0.10) | (0.01) | 0.07 | 2.93 | 4.17 | 15.72 | |||
FULC | 3.64 | 1.48 | 0.48 | 1.69 | 2.09 | 11.82 | 34.94 | |||
REPL | 3.61 | 0.75 | 0.13 | 0.97 | 4.89 | 9.93 | 34.70 |
Mirum Pharmaceuticals Corporate Management
Peter MBA | Chief Officer | Profile | |
Ian Clements | Chief Officer | Profile | |
MSC MBA | Chief Officer | Profile | |
Douglas JD | Chief Officer | Profile | |
Jolanda Howe | Senior Controller | Profile | |
Eric MBA | Chief Officer | Profile |