Relay Therapeutics Correlations

RLAY Stock

USD 7.14 0.20 2.72%

The current 90-days correlation between Relay Therapeutics and Upstream Bio, is 0.38 (i.e., Weak diversification). The correlation of Relay Therapeutics 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.

Relay Therapeutics Correlation With Market

Weak diversification

The correlation between Relay Therapeutics and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Relay Therapeutics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Relay Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Relay Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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

Moving together with Relay Stock

0.67	PANACEABIO	Panacea Biotec	Pair Corr
0.88	RAC	Race Oncology	Pair Corr
0.77	VANI	Vivani Medical	Pair Corr
0.64	DNLI	Denali Therapeutics	Pair Corr
0.63	DNTH	Dianthus Therapeutics	Pair Corr
0.82	VCYT	Veracyte	Pair Corr
0.91	VERA	Vera Therapeutics Earnings Call This Week	Pair Corr
0.87	DRUG	Bright Minds Biosciences	Pair Corr
0.73	DRTS	Alpha Tau Medical	Pair Corr
0.82	CDIOW	Cardio Diagnostics	Pair Corr
0.63	DSGN	Design Therapeutics Earnings Call This Week	Pair Corr
0.62	DXB	Dimerix	Pair Corr
0.9	DTIL	Precision BioSciences Downward Rally	Pair Corr
0.7	DWTX	Dogwood Therapeutics,	Pair Corr
0.74	DYAI	Dyadic International	Pair Corr
0.8	VNDA	Vanda Pharmaceuticals Earnings Call This Week	Pair Corr
0.94	VRDN	Viridian Therapeutics Sell-off Trend	Pair Corr

Moving against Relay Stock

0.9	DRMA	Dermata Therapeutics	Pair Corr
0.34	AVH	Avita Medical Earnings Call This Week	Pair Corr
0.67	SRZNW	Surrozen Warrant	Pair Corr
0.89	VPRO	Viropro	Pair Corr
0.84	300238	Guanhao Biotech	Pair Corr
0.58	VXRT	Vaxart Inc	Pair Corr
0.57	KTTAW	Pasithea Therapeutics	Pair Corr
0.53	VRAX	Virax Biolabs Group	Pair Corr

Related Correlations Analysis

	UPB	SEPN	PRME	NKTR	ZBIO	BCAX	PRAX	OCS	TNGX	XNCR
UPB		0.71	0.35	0.56	0.84	0.73	0.84	0.71	0.56	0.78	UPB
SEPN	0.71		0.86	0.87	0.91	0.92	0.61	0.79	0.76	0.96	SEPN
PRME	0.35	0.86		0.82	0.66	0.75	0.31	0.58	0.72	0.8	PRME
NKTR	0.56	0.87	0.82		0.81	0.69	0.5	0.52	0.73	0.85	NKTR
ZBIO	0.84	0.91	0.66	0.81		0.83	0.7	0.77	0.65	0.9	ZBIO
BCAX	0.73	0.92	0.75	0.69	0.83		0.58	0.77	0.67	0.88	BCAX
PRAX	0.84	0.61	0.31	0.5	0.7	0.58		0.75	0.55	0.74	PRAX
OCS	0.71	0.79	0.58	0.52	0.77	0.77	0.75		0.63	0.81	OCS
TNGX	0.56	0.76	0.72	0.73	0.65	0.67	0.55	0.63		0.83	TNGX
XNCR	0.78	0.96	0.8	0.85	0.9	0.88	0.74	0.81	0.83		XNCR
	UPB	SEPN	PRME	NKTR	ZBIO	BCAX	PRAX	OCS	TNGX	XNCR

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Risk-Adjusted Indicators

There is a big difference between Relay Stock performing well and Relay Therapeutics 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 Relay Therapeutics' 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
UPB	3.62	0.85	0.21	2.01	3.16	(4.12)	8.48	(5.88)	25.94
SEPN	2.63	0.78	0.31	2.39	1.91	(3.39)	6.19	(3.29)	19.14
PRME	5.59	0.28	0.10	0.19	5.04	(7.23)	13.39	(8.83)	28.87
NKTR	3.91	1.63	0.49	1.09	2.45	(4.76)	10.33	(5.56)	33.83
ZBIO	5.32	1.01	0.20	0.46	5.21	(6.04)	9.50	(9.39)	40.28
BCAX	3.47	0.50	0.14	0.40	3.57	(3.92)	8.67	(6.48)	29.35
PRAX	7.32	3.75	0.77	(0.74)	2.87	(9.59)	9.20	(6.46)	191.57
OCS	1.50	0.14	0.02	2.46	2.06	(1.61)	4.89	(4.03)	13.45
TNGX	3.45	0.38	0.11	0.36	3.59	(3.98)	7.77	(5.21)	31.68
XNCR	3.27	0.70	0.23	0.39	3.09	(4.06)	10.71	(5.79)	24.00

Relay Therapeutics Corporate Management

Deborah Palestrant	Vice Strategy	Profile
SooYeun Lim	Senior Counsel	Profile
MA MBA	Pres CEO	Profile
Thomas Catinazzo	Chief Officer	Profile
Iain Martin	Senior Development	Profile
Andy Porter	Chief Officer	Profile

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