Synlogic Correlations

SYBX Stock

USD 1.11 0.07 6.73%

The current 90-days correlation between Synlogic and Lixte Biotechnology Holdings is 0.07 (i.e., Significant 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

Good diversification

The correlation between Synlogic and DJI is -0.01 (i.e., Good 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 against Synlogic Stock

0.64	PTN	Palatin Technologies Trending	Pair Corr
0.5	ESPR	Esperion Therapeutics	Pair Corr
0.39	NNNN	Anbio Biotechnology Class	Pair Corr
0.37	600201	Jinyu Bio Technology	Pair Corr
0.44	688670	Jiangsu GDK Biotechnology	Pair Corr
0.52	PFG	Principal Financial	Pair Corr
0.47	KB	KB Financial Group	Pair Corr
0.44	LUNG	Pulmonx Corp Buyout Trend	Pair Corr
0.42	WF	Woori Financial Group	Pair Corr
0.4	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.38	TLK	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	LIXT	ALLR	LEXX	CUPR	CING	CRIS	ENTO	KAPA	BCTX	PCSA
LIXT		0.66	0.38	0.8	0.3	0.7	-0.22	0.67	-0.21	-0.57	LIXT
ALLR	0.66		-0.08	0.61	0.53	0.89	-0.04	0.84	0.08	-0.3	ALLR
LEXX	0.38	-0.08		0.16	-0.33	0.02	-0.42	-0.02	-0.43	-0.54	LEXX
CUPR	0.8	0.61	0.16		0.26	0.69	-0.06	0.64	-0.05	-0.21	CUPR
CING	0.3	0.53	-0.33	0.26		0.48	0.16	0.36	0.51	0.06	CING
CRIS	0.7	0.89	0.02	0.69	0.48		-0.03	0.86	0.14	-0.35	CRIS
ENTO	-0.22	-0.04	-0.42	-0.06	0.16	-0.03		-0.32	0.63	0.44	ENTO
KAPA	0.67	0.84	-0.02	0.64	0.36	0.86	-0.32		-0.15	-0.32	KAPA
BCTX	-0.21	0.08	-0.43	-0.05	0.51	0.14	0.63	-0.15		0.37	BCTX
PCSA	-0.57	-0.3	-0.54	-0.21	0.06	-0.35	0.44	-0.32	0.37		PCSA
	LIXT	ALLR	LEXX	CUPR	CING	CRIS	ENTO	KAPA	BCTX	PCSA

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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

CRIS	+ 0.89	ALLR
KAPA	+ 0.86	CRIS
KAPA	+ 0.84	ALLR
CUPR	+ 0.8	LIXT
CRIS	+ 0.7	LIXT
CRIS	+ 0.69	CUPR

High negative correlations

PCSA	- 0.57	LIXT
PCSA	- 0.54	LEXX
BCTX	- 0.43	LEXX
ENTO	- 0.42	LEXX
PCSA	- 0.35	CRIS
CING	- 0.33	LEXX

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
LIXT	3.42	0.04	0.00	0.21	4.02	(3.95)	7.71	(7.45)	23.52
ALLR	4.21	(0.81)	0.00	(0.20)	0.00	0.00	7.48	(9.17)	26.45
LEXX	4.51	0.45	0.04	(0.24)	7.45	(4.62)	9.24	(6.67)	43.68
CUPR	6.87	0.49	0.11	0.16	5.76	(11.08)	11.46	(10.00)	150.56
CING	2.78	(0.01)	0.01	0.05	3.87	(2.68)	6.89	(5.19)	20.28
CRIS	3.30	(0.37)	0.00	(0.18)	0.00	0.00	8.33	(8.03)	25.83
ENTO	6.77	0.94	0.13	0.42	7.39	(7.41)	16.50	(14.20)	56.75
KAPA	4.75	(0.83)	0.00	2.66	0.00	0.00	8.96	(10.62)	27.80
BCTX	4.85	0.66	0.15	0.26	4.75	(5.70)	13.96	(8.68)	33.34
PCSA	7.16	1.20	0.13	5.13	7.02	(9.36)	21.88	(12.12)	52.08

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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