Acumen Pharmaceuticals Correlations
| ABOS Stock | USD 1.16 0.03 2.65% |
The current 90-days correlation between Acumen Pharmaceuticals and Mattel Inc is 0.36 (i.e., Weak diversification). The correlation of Acumen Pharmaceuticals 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acumen Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. Moving together with Acumen Stock
| 0.67 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.62 | 600201 | Jinyu Bio Technology | PairCorr |
| 0.7 | OBI | Ondine Biomedical | PairCorr |
Moving against Acumen Stock
| 0.43 | AVH | Avita Medical | PairCorr |
| 0.38 | ROQ | Roquefort Investments PLC | PairCorr |
| 0.6 | MCD | McDonalds Sell-off Trend | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Acumen Stock performing well and Acumen Pharmaceuticals 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 Acumen Pharmaceuticals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MAT | 2.13 | 0.10 | 0.00 | (2.49) | 3.85 | 4.60 | 18.82 | |||
| PLAY | 3.32 | 0.83 | 0.19 | (1.50) | 2.83 | 9.24 | 22.33 | |||
| MYPS | 3.05 | 0.06 | 0.00 | 0.25 | 3.33 | 7.20 | 21.32 | |||
| RDCM | 2.32 | 0.15 | 0.05 | 0.29 | 2.56 | 5.42 | 12.44 | |||
| HAS | 1.93 | 0.41 | 0.09 | (3.75) | 3.04 | 4.29 | 17.83 | |||
| SKX | 1.72 | 0.22 | 0.03 | (1.99) | 2.89 | 3.29 | 24.75 | |||
| IAS | 2.01 | 0.02 | (0.04) | 0.02 | 2.88 | 4.72 | 22.60 | |||
| PRKS | 2.19 | 0.11 | (0.01) | (0.28) | 3.22 | 4.43 | 21.69 |