Terns Pharmaceuticals Correlations

TERN Stock

USD 42.38 0.85 2.05%

The current 90-days correlation between Terns Pharmaceuticals and Tourmaline Bio is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Terns Pharmaceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Terns Pharmaceuticals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Terns Pharmaceuticals Correlation With Market

Good diversification

The correlation between Terns Pharmaceuticals and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Terns Pharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Terns Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Terns 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 main economic indicators.

To learn how to invest in Terns Stock, please use our How to Invest in Terns Pharmaceuticals guide.

Moving together with Terns Stock

0.81	VRCA	Verrica Pharmaceuticals	Pair Corr
0.9	VTRS	Viatris Aggressive Push	Pair Corr
0.68	VTYX	Ventyx Biosciences	Pair Corr
0.72	300086	Hainan Honz Pharmace	Pair Corr
0.7	TLRY	Tilray Inc Split	Pair Corr
0.91	EVOK	Evoke Pharma	Pair Corr
0.78	EYPT	Eyepoint Pharmaceuticals	Pair Corr

Moving against Terns Stock

0.76	KG	Kestrel Group, Symbol Change	Pair Corr
0.74	HCM	HUTCHMED China	Pair Corr
0.73	NXS	Next Science	Pair Corr
0.64	603676	Tibet Weixinkang Medicine	Pair Corr
0.6	600381	Qinghai Spring Medicinal	Pair Corr
0.55	CRDL	Cardiol Therapeutics	Pair Corr
0.46	002332	Zhejiang Xianju Phar	Pair Corr
0.45	688321	Shenzhen Chipscreen	Pair Corr
0.44	300181	Zhejiang Jolly Pharm	Pair Corr
0.4	600521	Zhejiang Huahai Phar	Pair Corr
0.83	ELTX	Elicio Therapeutics	Pair Corr
0.81	600129	Chongqing Taiji Industry	Pair Corr
0.77	ETON	Eton Pharmaceuticals	Pair Corr
0.65	002287	Tibet Cheezheng Tibetan	Pair Corr
0.54	ELVN	Enliven Therapeutics	Pair Corr
0.35	300725	PharmaBlock Sciences	Pair Corr
0.91	BGM	Qilian International	Pair Corr
0.86	HIK	Hikma Pharmaceuticals PLC	Pair Corr
0.72	600422	KPC Pharmaceuticals	Pair Corr
0.58	688247	Sinotherapeutics A	Pair Corr
0.53	300601	Shenzhen Kangtai Bio	Pair Corr
0.46	ACB	Aurora Cannabis	Pair Corr

Related Correlations Analysis

	TRML	ORIC	PGEN	IMTX	ELVN	AMLX	NKTR	RLAY	SNDX	INBX
TRML		0.17	0.02	-0.23	-0.17	-0.22	-0.07	-0.33	-0.4	-0.35	TRML
ORIC	0.17		-0.23	0.02	0.67	0.49	0.59	-0.54	-0.77	-0.53	ORIC
PGEN	0.02	-0.23		0.16	0.02	-0.15	-0.08	0.25	0.01	0.47	PGEN
IMTX	-0.23	0.02	0.16		0.31	0.31	0.05	0.54	0.22	0.25	IMTX
ELVN	-0.17	0.67	0.02	0.31		0.7	0.66	-0.23	-0.46	-0.19	ELVN
AMLX	-0.22	0.49	-0.15	0.31	0.7		0.5	-0.18	-0.38	-0.41	AMLX
NKTR	-0.07	0.59	-0.08	0.05	0.66	0.5		-0.37	-0.51	-0.26	NKTR
RLAY	-0.33	-0.54	0.25	0.54	-0.23	-0.18	-0.37		0.69	0.59	RLAY
SNDX	-0.4	-0.77	0.01	0.22	-0.46	-0.38	-0.51	0.69		0.59	SNDX
INBX	-0.35	-0.53	0.47	0.25	-0.19	-0.41	-0.26	0.59	0.59		INBX
	TRML	ORIC	PGEN	IMTX	ELVN	AMLX	NKTR	RLAY	SNDX	INBX

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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

AMLX	+ 0.7	ELVN
SNDX	+ 0.69	RLAY
ELVN	+ 0.67	ORIC
NKTR	+ 0.66	ELVN
NKTR	+ 0.59	ORIC
INBX	+ 0.59	RLAY

High negative correlations

SNDX	- 0.77	ORIC
RLAY	- 0.54	ORIC
INBX	- 0.53	ORIC
SNDX	- 0.51	NKTR
SNDX	- 0.46	ELVN
INBX	- 0.41	AMLX

Risk-Adjusted Indicators

There is a big difference between Terns Stock performing well and Terns 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 Terns 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
TRML	0.09	0.01	(0.19)	0.42	0.13	(0.12)	0.13	(0.08)	1.57
ORIC	2.96	(0.44)	0.00	(0.30)	0.00	0.00	4.50	(4.48)	34.41
PGEN	3.69	0.37	0.07	0.62	4.42	(4.18)	8.70	(7.08)	38.64
IMTX	3.75	0.47	0.12	0.34	3.87	(4.51)	10.20	(5.82)	30.34
ELVN	3.28	(0.29)	0.00	(0.15)	0.00	0.00	6.13	(7.81)	22.71
AMLX	2.68	(0.17)	0.00	3.23	0.00	0.00	7.34	(5.24)	17.17
NKTR	3.91	(0.46)	0.00	(0.25)	0.00	0.00	7.00	(7.81)	20.50
RLAY	3.41	0.80	0.23	0.62	2.96	(4.15)	9.62	(5.31)	27.25
SNDX	2.75	0.51	0.18	0.71	2.31	(3.56)	8.88	(4.98)	18.09
INBX	5.14	1.77	0.35	0.54	4.03	(5.81)	7.03	(7.23)	112.80

Terns Pharmaceuticals Corporate Management

David Strauss	VP Controller	Profile
Pamela Danagher	Senior Assurance	Profile
Debra Sieminski	Senior Affairs	Profile
Jeffrey Jasper	Senior Research	Profile
JD Esq	Chief Officer	Profile
Senthil Sundaram	CEO Director	Profile

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