10X Genomics Correlations

TXG Stock

USD 18.08 0.73 3.88%

The current 90-days correlation between 10X Genomics and Wizz Air Holdings is 0.03 (i.e., Significant diversification). The correlation of 10X Genomics 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.

10X Genomics Correlation With Market

Weak diversification

The correlation between 10X Genomics and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 10X Genomics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with 10X Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 10X Genomics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in national income and product accounts.

For more detail on how to invest in 10X Stock please use our How to Invest in 10X Genomics guide.

Moving together with 10X Stock

0.63	MEDP	Medpace Holdings	Pair Corr
0.8	BRKR	Bruker	Pair Corr
0.65	RIBB	Ribbon Acquisition Corp	Pair Corr
0.72	AIRYY	Air China	Pair Corr
0.78	GOOGL	Alphabet Class A	Pair Corr
0.75	CPKF	Chesapeake Finl Shs	Pair Corr
0.66	ESOCF	Enel SpA	Pair Corr
0.8	AMRX	Amneal Pharmaceuticals,	Pair Corr
0.68	MTSFY	Mitsui Fudosan	Pair Corr
0.72	BWMX	Betterware de Mxico,	Pair Corr
0.82	CSR	Centerspace	Pair Corr
0.8	ITMC	Itoco Inc	Pair Corr

Moving against 10X Stock

0.73	OSL	Oncosil Medical	Pair Corr
0.73	SEER	Seer Inc	Pair Corr
0.7	BLUEJET	Blue Jet Healthcare	Pair Corr
0.59	FSXLF	Fosterville South	Pair Corr
0.43	HWH	HWH International	Pair Corr
0.4	FORA	Forian Inc	Pair Corr
0.61	SHOTW	SHOTW Old Symbol Change	Pair Corr
0.58	53944YAE3	LLOYDS BKG GROUP	Pair Corr
0.5	APRU	Apple Rush	Pair Corr
0.43	NBIS	Nebius Group NV Buyout Trend	Pair Corr

Related Correlations Analysis

	WZZAF	GT	MMATQ	ALK	PNR	MCRUF	SOLS
WZZAF		0.58	0.0	0.81	0.34	-0.11	-0.71	WZZAF
GT	0.58		0.0	0.55	0.0	-0.7	-0.26	GT
MMATQ	0.0	0.0		0.0	0.0	0.0	0.0	MMATQ
ALK	0.81	0.55	0.0		0.56	-0.18	-0.78	ALK
PNR	0.34	0.0	0.0	0.56		0.38	-0.59	PNR
MCRUF	-0.11	-0.7	0.0	-0.18	0.38		-0.15	MCRUF
SOLS	-0.71	-0.26	0.0	-0.78	-0.59	-0.15		SOLS
	WZZAF	GT	MMATQ	ALK	PNR	MCRUF	SOLS

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

ALK	+ 0.81	WZZAF
GT	+ 0.58	WZZAF
PNR	+ 0.56	ALK
ALK	+ 0.55	GT
MCRUF	+ 0.38	PNR
PNR	+ 0.34	WZZAF

High negative correlations

SOLS	- 0.78	ALK
SOLS	- 0.71	WZZAF
MCRUF	- 0.7	GT
SOLS	- 0.59	PNR
SOLS	- 0.26	GT
MCRUF	- 0.18	ALK

Risk-Adjusted Indicators

There is a big difference between 10X Stock performing well and 10X Genomics 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 10X Genomics' 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
WZZAF	0.50	(0.14)	0.00	27.10	0.00	0.00	0.00	0.00	9.15
GT	1.60	0.00	0.00	0.04	1.81	(1.88)	5.79	(2.96)	11.28
MMATQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALK	1.88	(0.65)	0.00	(0.36)	0.00	0.00	3.28	(4.31)	10.52
PNR	0.93	(0.11)	0.00	(0.05)	0.00	0.00	1.89	(1.78)	5.45
MCRUF	0.71	(0.01)	0.00	(0.14)	0.00	0.00	0.98	(3.37)	27.69
SOLS	1,444,441	733,327	193,785	7,719	0.00	(3,457,139)	4.92	(4.75)	48,399,908

10X Genomics Corporate Management

James Wilbur	Chief Officer	Profile
Mennah Moustafa	Chief Officer	Profile
Ruth Backer	Chief Officer	Profile
Florian Baumgartner	Senior Manager	Profile
Jonathan Schimmel	VP Operations	Profile
Jim Goodrich	Chief Operations	Profile

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