XOMA Corp Correlations

XOMA Stock

USD 25.67 0.63 2.40%

The current 90-days correlation between XOMA Corp and Agenus Inc is 0.26 (i.e., Modest diversification). The correlation of XOMA Corp 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.

XOMA Corp Correlation With Market

Weak diversification

The correlation between XOMA Corp and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XOMA Corp and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XOMA Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade XOMA Stock refer to our How to Trade XOMA Stock guide.

Moving together with XOMA Stock

0.64	PFE	Pfizer Inc	Pair Corr
0.77	KMDA	Kamada	Pair Corr
0.61	NKTR	Nektar Therapeutics	Pair Corr
0.68	AVAL	Grupo Aval	Pair Corr
0.71	KB	KB Financial Group Earnings Call Tomorrow	Pair Corr
0.67	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.67	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.75	CSCO	Cisco Systems	Pair Corr
0.78	INTC	Intel Earnings Call This Week	Pair Corr
0.7	IBM	International Business Earnings Call This Week	Pair Corr
0.7	HD	Home Depot	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.76	MSFT	Microsoft	Pair Corr
0.62	CVX	Chevron Corp	Pair Corr
0.77	DIS	Walt Disney	Pair Corr
0.84	AXP	American Express	Pair Corr

Moving against XOMA Stock

0.56	07274NBG7	BAYNGR 5 15	Pair Corr
0.52	KO	Coca Cola Earnings Call This Week	Pair Corr
0.49	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	IKNA	XLO	TARA	SRRK	AGEN	LGND	GERN
IKNA		-0.55	-0.43	0.6	0.77	0.57	0.61	IKNA
XLO	-0.55		0.17	-0.38	-0.39	-0.4	-0.22	XLO
TARA	-0.43	0.17		-0.36	-0.67	-0.32	-0.21	TARA
SRRK	0.6	-0.38	-0.36		0.77	0.92	0.01	SRRK
AGEN	0.77	-0.39	-0.67	0.77		0.71	0.31	AGEN
LGND	0.57	-0.4	-0.32	0.92	0.71		-0.07	LGND
GERN	0.61	-0.22	-0.21	0.01	0.31	-0.07		GERN
	IKNA	XLO	TARA	SRRK	AGEN	LGND	GERN

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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

LGND	+ 0.92	SRRK
AGEN	+ 0.77	IKNA
AGEN	+ 0.77	SRRK
LGND	+ 0.71	AGEN
GERN	+ 0.61	IKNA
SRRK	+ 0.6	IKNA

High negative correlations

AGEN	- 0.67	TARA
XLO	- 0.55	IKNA
TARA	- 0.43	IKNA
LGND	- 0.4	XLO
AGEN	- 0.39	XLO
SRRK	- 0.38	XLO

Risk-Adjusted Indicators

There is a big difference between XOMA Stock performing well and XOMA Corp 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 XOMA Corp'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
IKNA	2.51	0.07	0.01	0.22	2.97	(2.94)	5.47	(3.94)	18.39
XLO	4.53	0.50	0.04	(0.99)	7.27	(6.43)	7.50	(6.67)	92.11
TARA	3.22	(0.55)	0.00	(0.25)	0.00	0.00	7.05	(5.57)	25.12
SRRK	3.22	0.41	0.14	0.41	3.01	(3.91)	7.18	(4.99)	22.87
AGEN	7.41	1.92	0.36	0.82	5.33	(10.04)	20.41	(8.48)	40.99
LGND	1.57	0.31	0.18	0.50	1.27	(1.83)	4.29	(2.62)	8.95
GERN	3.41	(0.21)	0.00	(0.01)	0.00	0.00	9.15	(6.25)	16.90

XOMA Corp Corporate Executives

Elected by the shareholders, the XOMA Corp's board of directors comprises two types of representatives: XOMA Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of XOMA. The board's role is to monitor XOMA Corp's management team and ensure that shareholders' interests are well served. XOMA Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, XOMA Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Thomas Burns

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