Synlogic Correlations

SYBX Stock

USD 1.74 0.05 2.96%

The current 90-days correlation between Synlogic and Caribou Biosciences is 0.21 (i.e., Modest diversification). The correlation of Synlogic 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.

Synlogic Correlation With Market

Average diversification

The correlation between Synlogic and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Synlogic and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Synlogic Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synlogic. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

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

Moving together with Synlogic Stock

0.69	JNJ	Johnson Johnson	Pair Corr
0.61	AVAL	Grupo Aval	Pair Corr
0.66	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.66	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.63	BAC-PL	Bank of America	Pair Corr

Moving against Synlogic Stock

0.54	PG	Procter Gamble	Pair Corr
0.32	KO	Coca Cola Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	CRBU	CRSP	VERV	BEAM	PRME	SANA
CRBU		0.92	0.82	0.43	0.85	0.97	CRBU
CRSP	0.92		0.87	0.61	0.95	0.94	CRSP
VERV	0.82	0.87		0.37	0.82	0.81	VERV
BEAM	0.43	0.61	0.37		0.7	0.51	BEAM
PRME	0.85	0.95	0.82	0.7		0.9	PRME
SANA	0.97	0.94	0.81	0.51	0.9		SANA
	CRBU	CRSP	VERV	BEAM	PRME	SANA

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Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CRBU	5.41	1.36	0.24	0.77	4.79	(6.66)	12.02	(8.49)	23.18
CRSP	2.85	0.66	0.22	0.56	2.83	(3.38)	7.09	(4.35)	16.14
VERV	5.11	1.90	0.41	12.27	3.30	(7.11)	9.30	(5.64)	83.78
BEAM	2.87	0.18	0.05	0.24	4.23	(2.92)	6.28	(4.15)	26.62
PRME	6.84	1.82	0.30	1.04	5.67	(9.04)	21.58	(10.81)	41.91
SANA	4.85	1.42	0.36	1.02	3.47	(6.48)	12.50	(7.06)	31.62

Synlogic Corporate Management

Mylene Perreault	VP Research	Profile
David Hava	Chief Officer	Profile
Mary Dooley	Principal Officer	Profile
Ajay Munshi	Vice Development	Profile
Adam Thomas	Chief Officer	Profile
Michael Jensen	Chief Officer	Profile
Caroline Kurtz	Chief Officer	Profile

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