Maravai Lifesciences Correlations

MRVI Stock

USD 2.47 0.09 3.78%

The current 90-days correlation between Maravai Lifesciences and Krystal Biotech is 0.47 (i.e., Very weak diversification). The correlation of Maravai Lifesciences 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.

Maravai Lifesciences Correlation With Market

Very weak diversification

The correlation between Maravai Lifesciences Holdings and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maravai Lifesciences Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Maravai Stock

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

Moving together with Maravai Stock

0.77	A	Agilent Technologies	Pair Corr
0.78	VTRS	Viatris	Pair Corr
0.65	FLGC	Flora Growth Corp	Pair Corr
0.7	AZN	AstraZeneca PLC ADR	Pair Corr
0.66	DYN	Dyne Therapeutics	Pair Corr
0.7	GSK	GlaxoSmithKline PLC ADR	Pair Corr
0.76	PFE	Pfizer Inc	Pair Corr

Moving against Maravai Stock

0.43	XAGE	Longevity Health Hol Symbol Change	Pair Corr
0.39	PLX	Protalix Biotherapeutics Buyout Trend	Pair Corr

Related Correlations Analysis

	ROIV	KRYS	RXDX	AKRO	APLS	HALO	AGIO	INSM	CERE	RARE
ROIV		-0.47	0.0	0.77	-0.27	-0.31	0.76	0.46	0.0	0.7	ROIV
KRYS	-0.47		0.0	-0.51	0.73	0.66	-0.43	-0.13	0.0	0.17	KRYS
RXDX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	RXDX
AKRO	0.77	-0.51	0.0		-0.09	-0.46	0.95	0.72	0.0	0.51	AKRO
APLS	-0.27	0.73	0.0	-0.09		0.53	-0.02	0.07	0.0	0.27	APLS
HALO	-0.31	0.66	0.0	-0.46	0.53		-0.45	-0.32	0.0	0.03	HALO
AGIO	0.76	-0.43	0.0	0.95	-0.02	-0.45		0.73	0.0	0.61	AGIO
INSM	0.46	-0.13	0.0	0.72	0.07	-0.32	0.73		0.0	0.43	INSM
CERE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CERE
RARE	0.7	0.17	0.0	0.51	0.27	0.03	0.61	0.43	0.0		RARE
	ROIV	KRYS	RXDX	AKRO	APLS	HALO	AGIO	INSM	CERE	RARE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

AGIO	+ 0.95	AKRO
AKRO	+ 0.77	ROIV
AGIO	+ 0.76	ROIV
APLS	+ 0.73	KRYS
INSM	+ 0.73	AGIO
INSM	+ 0.72	AKRO

High negative correlations

AKRO	- 0.51	KRYS
KRYS	- 0.47	ROIV
HALO	- 0.46	AKRO
AGIO	- 0.45	HALO
AGIO	- 0.43	KRYS
INSM	- 0.32	HALO

Risk-Adjusted Indicators

There is a big difference between Maravai Stock performing well and Maravai Lifesciences 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 Maravai Lifesciences' 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
ROIV	1.73	0.09	0.04	0.13	1.93	(1.86)	3.35	(2.79)	13.33
KRYS	2.19	(0.47)	0.00	(0.41)	0.00	0.00	4.26	(3.95)	20.03
RXDX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AKRO	3.09	0.39	0.10	0.36	3.43	(3.24)	5.98	(5.99)	30.05
APLS	2.64	(0.39)	0.00	(0.40)	0.00	0.00	5.49	(5.89)	16.00
HALO	2.26	(0.24)	0.00	(0.23)	0.00	0.00	4.37	(4.19)	42.68
AGIO	2.37	0.06	0.02	0.09	3.05	(2.34)	4.23	(5.29)	12.64
INSM	2.57	0.43	0.14	0.57	2.64	(2.80)	4.29	(4.58)	29.94
CERE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RARE	2.30	(0.08)	0.00	(0.04)	0.00	0.00	4.75	(5.19)	18.98

Maravai Lifesciences Corporate Management

Kurt Oreshack	General VP	Profile
Christine Dolan	Executive Technologies	Profile
Brian Neel	Chief Production	Profile
Peter Leddy	Executive Officer	Profile
Christopher Benoit	Executive Enzymes	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC