Castle Biosciences Correlations

CSTL Stock

USD 20.42 0.07 0.34%

The current 90-days correlation between Castle Biosciences and Virtus Investment Partners, is -0.23 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Castle Biosciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Castle Biosciences moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Castle Biosciences Correlation With Market

Good diversification

The correlation between Castle Biosciences and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Castle Biosciences and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Castle Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Castle Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Moving together with Castle Stock

0.65	ARDX	Ardelyx	Pair Corr
0.72	TOVX	Theriva Biologics	Pair Corr

Moving against Castle Stock

0.76	ALVO	Alvotech	Pair Corr
0.69	SNDA	Sonida Senior Living	Pair Corr
0.68	GNFT	Genfit SA	Pair Corr
0.59	ANRO	Alto Neuroscience,	Pair Corr
0.45	ERNA	Eterna Therapeutics	Pair Corr
0.39	DH	Definitive Healthcare	Pair Corr
0.34	KG	KING PHARMACEUTICALS INC Symbol Change	Pair Corr
0.79	BKRKY	Bank Rakyat	Pair Corr
0.78	PBCRY	Bank Central Asia	Pair Corr
0.71	PBCRF	PT Bank Central	Pair Corr
0.63	PPERY	Bank Mandiri Persero	Pair Corr
0.57	ZOTA	Zota Health Care	Pair Corr
0.53	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.53	SPHR	Sphere Entertainment	Pair Corr
0.51	NAVI	Navient Corp	Pair Corr
0.5	BKRKF	PT Bank Rakyat	Pair Corr
0.49	WOK	WORK Medical Technology	Pair Corr

Related Correlations Analysis

	CG	RMCF	NHMD	WFCF	SYY	VRTS	LRFC	AMP
CG		0.1	0.0	-0.55	0.72	0.94	0.11	0.85	CG
RMCF	0.1		0.0	0.36	0.27	0.15	0.1	0.17	RMCF
NHMD	0.0	0.0		0.0	0.0	0.0	0.0	0.0	NHMD
WFCF	-0.55	0.36	0.0		-0.18	-0.56	0.31	-0.59	WFCF
SYY	0.72	0.27	0.0	-0.18		0.73	0.28	0.64	SYY
VRTS	0.94	0.15	0.0	-0.56	0.73		0.11	0.91	VRTS
LRFC	0.11	0.1	0.0	0.31	0.28	0.11		-0.16	LRFC
AMP	0.85	0.17	0.0	-0.59	0.64	0.91	-0.16		AMP
	CG	RMCF	NHMD	WFCF	SYY	VRTS	LRFC	AMP

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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

VRTS	+ 0.94	CG
AMP	+ 0.91	VRTS
AMP	+ 0.85	CG
VRTS	+ 0.73	SYY
SYY	+ 0.72	CG
AMP	+ 0.64	SYY

High negative correlations

AMP	- 0.59	WFCF
VRTS	- 0.56	WFCF
WFCF	- 0.55	CG
SYY	- 0.18	WFCF
AMP	- 0.16	LRFC
AMP	- 0.0	NHMD

Risk-Adjusted Indicators

There is a big difference between Castle Stock performing well and Castle Biosciences 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 Castle Biosciences' 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
CG	2.37	0.24	0.03	69.67	4.34	(2.19)	4.62	(6.12)	21.04
RMCF	2.71	0.28	0.06	1.86	3.07	(3.62)	4.72	(5.04)	37.27
NHMD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WFCF	2.44	0.08	0.00	0.58	3.19	(2.88)	5.45	(4.89)	21.09
SYY	1.11	0.03	0.00	0.13	1.39	(1.13)	2.00	(2.10)	6.73
VRTS	1.77	0.06	0.03	0.13	2.57	(1.70)	4.04	(3.87)	16.27
LRFC	1.28	(0.20)	0.00	(0.53)	0.00	0.00	2.28	(3.49)	11.85
AMP	1.44	0.03	0.02	0.10	2.42	(1.47)	2.96	(3.33)	14.51

Castle Biosciences Corporate Management

Camilla Zuckero	Exec Communications	Profile
John Abbott	VP Controller	Profile
RN RN	Chief Officer	Profile
Kristen RN	Chief Officer	Profile
Tobin Juvenal	Chief Officer	Profile

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