Prothena Plc Correlations

PRTA Stock

USD 9.21 -0.10 -1.07%

Current 90-days correlation between Prothena plc and Kalvista Pharmaceuticals is 0.36 (i.e., Weak diversification).Prothena Plc's correlation with commodity prices, currency pairs, or macro factors can surface hidden portfolio risks that are not visible in a simple equity-versus-equity analysis.

Prothena Plc Market Correlation Overview

Very good diversification

Across the chosen horizon, PRTA and DJI show a correlation of -0.48 and fall into the Very good diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

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Prothena Plc has a market cap of 495.8 M, ROE of -63.62%. Your Equity Center can help frame allocation decisions. The allocation includes a position in Prothena plc inside the allocation mix. 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.

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Moving together with Prothena Stock

0.61	AVTX	Avalo Therapeutics	Pair Corr
0.73	CRBP	Corbus Pharmaceuticals	Pair Corr

Moving against Prothena Stock

0.48	EPRX	Eupraxia Pharmaceuticals	Pair Corr
0.44	GILD	Gilead Sciences	Pair Corr
0.43	AIQUY	Air Liquide SA	Pair Corr
0.41	BTI	British American Tobacco	Pair Corr
0.39	AMGN	Amgen Inc	Pair Corr
0.36	VRTX	Vertex Pharmaceuticals	Pair Corr
0.56	MRK	Merck Company	Pair Corr
0.52	DD	Dupont De Nemours	Pair Corr
0.51	GE	GE Aerospace	Pair Corr
0.49	PG	Procter Gamble	Pair Corr
0.47	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.47	CAT	Caterpillar	Pair Corr
0.44	BA	Boeing	Pair Corr
0.44	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.44	KO	Coca Cola Aggressive Push	Pair Corr
0.43	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.42	HD	Home Depot	Pair Corr
0.42	JNJ	Johnson Johnson	Pair Corr
0.35	INTC	Intel Aggressive Push	Pair Corr
0.35	T	ATT Inc Earnings Call This Week	Pair Corr
0.33	VDTAF	Vendetta Mining Corp	Pair Corr

Related Correlations Analysis

	KALV	BCYC	FDMT	VSTM	OLMA	VTYX	NMRA	CRVS	GOSS	RIGL
KALV		-0.03	0.22	0.18	-0.31	-0.1	0.25	-0.07	-0.29	-0.2	KALV
BCYC	-0.03		0.01	0.76	0.77	-0.71	-0.81	-0.49	0.81	0.82	BCYC
FDMT	0.22	0.01		0.32	0.26	0.02	0.29	0.11	0.01	-0.07	FDMT
VSTM	0.18	0.76	0.32		0.65	-0.83	-0.6	-0.68	0.73	0.74	VSTM
OLMA	-0.31	0.77	0.26	0.65		-0.58	-0.62	-0.44	0.74	0.74	OLMA
VTYX	-0.1	-0.71	0.02	-0.83	-0.58		0.61	0.85	-0.67	-0.83	VTYX
NMRA	0.25	-0.81	0.29	-0.6	-0.62	0.61		0.43	-0.81	-0.67	NMRA
CRVS	-0.07	-0.49	0.11	-0.68	-0.44	0.85	0.43		-0.45	-0.68	CRVS
GOSS	-0.29	0.81	0.01	0.73	0.74	-0.67	-0.81	-0.45		0.79	GOSS
RIGL	-0.2	0.82	-0.07	0.74	0.74	-0.83	-0.67	-0.68	0.79		RIGL
	KALV	BCYC	FDMT	VSTM	OLMA	VTYX	NMRA	CRVS	GOSS	RIGL

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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

CRVS	+ 0.85	VTYX
RIGL	+ 0.82	BCYC
GOSS	+ 0.81	BCYC
RIGL	+ 0.79	GOSS
OLMA	+ 0.77	BCYC
VSTM	+ 0.76	BCYC

High negative correlations

RIGL	- 0.83	VTYX
VTYX	- 0.83	VSTM
GOSS	- 0.81	NMRA
NMRA	- 0.81	BCYC
VTYX	- 0.71	BCYC
RIGL	- 0.68	CRVS

Risk-Adjusted Indicators

There is a big difference between Prothena Stock performing well and Prothena Plc 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 Prothena Plc'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
KALV	2.67	0.11	0.03	0.05	3.57	-2.66	4.87	-6.60	15.04
BCYC	2.58	-0.56	0.00	-0.48	0.00	0.00	4.64	-5.65	13.61
FDMT	3.37	-0.28	0.00	-0.45	0.00	0.00	7.15	-9.32	25.26
VSTM	3.16	-0.84	0.00	0.80	0.00	0.00	5.85	-7.51	19.78
OLMA	3.46	-0.79	0.00	-0.94	0.00	0.00	8.11	-7.02	41.18
VTYX	2.92	0.75	0.20	-1.01	2.74	-3.57	9.00	-6.33	37.04
NMRA	4.12	0.70	0.17	0.55	3.56	-5.32	10.98	-7.10	34.13
CRVS	6.57	1.75	0.46	-0.35	3.50	-9.35	7.35	-7.24	175.94
GOSS	5.77	-1.52	0.00	-0.45	0.00	0.00	9.30	-9.52	89.87
RIGL	2.56	-0.87	0.00	321.96	0.00	0.00	4.17	-5.38	18.93

Prothena Plc Corporate Management

Hideki MD	Chief Officer	Profile
CPA CPA	Chief Controller	Profile
Jennifer Zibuda	Director Communication	Profile
Brandon Smith	Chief Officer	Profile
Wagner Zago	Chief Scientific Officer	Profile
Carol Karp	Chief Regulatory Officer	Profile

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