Phathom Pharmaceuticals Correlations
| PHAT Stock | USD 7.95 0.37 4.45% |
The current 90-days correlation between Phathom Pharmaceuticals and Day One Biopharmaceuticals is 0.17 (i.e., Average diversification). The correlation of Phathom 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.
Phathom Pharmaceuticals Correlation With Market
Average diversification
The correlation between Phathom Pharmaceuticals and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Phathom Pharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Phathom Stock
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| 0.64 | AXP | American Express | PairCorr |
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| 0.71 | XOM | Exxon Mobil Corp | PairCorr |
| 0.73 | JPM | JPMorgan Chase | PairCorr |
| 0.7 | MSFT | Microsoft | PairCorr |
| 0.65 | GE | GE Aerospace Earnings Call This Week | PairCorr |
| 0.84 | IBM | International Business Earnings Call This Week | PairCorr |
Moving against Phathom Stock
Related Correlations Analysis
| 0.32 | 0.32 | 0.36 | -0.28 | 0.53 | ARQT | ||
| 0.32 | -0.39 | 0.92 | 0.15 | -0.05 | MIRM | ||
| 0.32 | -0.39 | -0.21 | 0.07 | 0.6 | DAWN | ||
| 0.36 | 0.92 | -0.21 | 0.18 | 0.03 | STOK | ||
| -0.28 | 0.15 | 0.07 | 0.18 | -0.07 | YMAB | ||
| 0.53 | -0.05 | 0.6 | 0.03 | -0.07 | CRNX | ||
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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 Phathom Stock performing well and Phathom 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 Phathom 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARQT | 2.32 | 0.07 | 0.03 | 0.19 | 2.63 | 5.93 | 11.56 | |||
| MIRM | 1.59 | 0.31 | 0.14 | 0.45 | 1.81 | 3.87 | 14.67 | |||
| DAWN | 2.36 | (0.31) | 0.00 | (0.11) | 0.00 | 5.90 | 16.05 | |||
| STOK | 2.47 | 0.87 | 0.23 | 3.22 | 2.51 | 7.12 | 21.76 | |||
| YMAB | 3.63 | (0.23) | 0.00 | (0.10) | 0.00 | 7.03 | 23.66 | |||
| CRNX | 2.21 | (0.10) | (0.01) | 0.07 | 2.93 | 4.17 | 15.72 |
Phathom Pharmaceuticals Corporate Management
| Robert Breedlove | VP Officer | Profile | |
| Joseph JD | Chief Officer | Profile | |
| Mark Devlin | Senior Access | Profile | |
| Susan Kim | Senior Marketing | Profile | |
| Tom Harris | Chief Officer | Profile | |
| Martin Gilligan | Chief Officer | Profile | |
| JD Esq | General Secretary | Profile |