MannKind Corp Correlations

MannKind Corp Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MannKind Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. For information on how to trade MannKind Stock refer to our How to Trade MannKind Stock guide.

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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    ACAD + 0.86 NRXP AGEN + 0.85 NRXP AMRN + 0.83 AGEN CLDX + 0.82 AGEN AMRN + 0.81 NRXP EXEL + 0.81 ACAD

High negative correlations    AMRN - 0.46 LQDA AMRN - 0.25 UTHR NRXP - 0.2 LQDA CLDX - 0.19 LQDA NRXP - 0.11 UTHR AGEN - 0.07 LQDA

Risk-Adjusted Indicators

There is a big difference between MannKind Stock performing well and MannKind Corp 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 MannKind Corp'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.