Tango Therapeutics Correlations

TNGX Stock

USD 8.38 0.45 5.67%

The current 90-days correlation between Tango Therapeutics and Septerna, Common Stock is 0.17 (i.e., Average diversification). The correlation of Tango Therapeutics 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.

Tango Therapeutics Correlation With Market

Modest diversification

The correlation between Tango Therapeutics and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tango Therapeutics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tango Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tango Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more information on how to buy Tango Stock please use our How to Invest in Tango Therapeutics guide.

Moving together with Tango Stock

0.77	ZYME	Zymeworks Common Stock Buyout Trend	Pair Corr
0.7	IMNM	Immunome Earnings Call This Week	Pair Corr
0.67	600201	Jinyu Bio Technology	Pair Corr
0.66	NTLA	Intellia Therapeutics	Pair Corr
0.61	QNRX	Quoin Pharmaceuticals Upward Rally	Pair Corr

Moving against Tango Stock

0.69	300439	Ningbo MedicalSystem	Pair Corr
0.67	688639	Anhui Huaheng Biotec	Pair Corr
0.67	688089	Cabio Biotech Wuhan	Pair Corr
0.6	688217	Shanghai Rightongene	Pair Corr
0.55	OPTI	OptiBiotix Health Plc	Pair Corr
0.44	688238	OBiO Technology Corp	Pair Corr
0.36	ABP	ABPRO P Symbol Change	Pair Corr
0.35	HCWB	HCW Biologics	Pair Corr
0.79	300942	Shenzhen Bioeasy Bio	Pair Corr
0.69	688166	BrightGene Bio Medical	Pair Corr
0.68	METROPOLIS	Metropolis Healthcare	Pair Corr
0.66	300871	Wuhan Hvsen Biotechnology	Pair Corr
0.54	OBI	Ondine Biomedical	Pair Corr
0.42	MAIA	MAIA Biotechnology	Pair Corr

Related Correlations Analysis

	SEPN	URGN	PROK	EYPT	BCAX	KOD	KURA	NRIX	XNCR	FTRE
SEPN		-0.28	0.87	0.3	0.91	0.77	0.9	0.38	0.93	0.52	SEPN
URGN	-0.28		-0.29	-0.31	-0.26	0.13	-0.01	0.54	-0.05	0.15	URGN
PROK	0.87	-0.29		0.08	0.78	0.72	0.78	0.42	0.83	0.45	PROK
EYPT	0.3	-0.31	0.08		0.14	0.06	0.3	-0.43	0.1	0.31	EYPT
BCAX	0.91	-0.26	0.78	0.14		0.66	0.82	0.44	0.83	0.39	BCAX
KOD	0.77	0.13	0.72	0.06	0.66		0.79	0.63	0.88	0.44	KOD
KURA	0.9	-0.01	0.78	0.3	0.82	0.79		0.5	0.91	0.7	KURA
NRIX	0.38	0.54	0.42	-0.43	0.44	0.63	0.5		0.58	0.31	NRIX
XNCR	0.93	-0.05	0.83	0.1	0.83	0.88	0.91	0.58		0.54	XNCR
FTRE	0.52	0.15	0.45	0.31	0.39	0.44	0.7	0.31	0.54		FTRE
	SEPN	URGN	PROK	EYPT	BCAX	KOD	KURA	NRIX	XNCR	FTRE

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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

XNCR	+ 0.93	SEPN
BCAX	+ 0.91	SEPN
XNCR	+ 0.91	KURA
KURA	+ 0.9	SEPN
XNCR	+ 0.88	KOD
PROK	+ 0.87	SEPN

High negative correlations

NRIX	- 0.43	EYPT
EYPT	- 0.31	URGN
PROK	- 0.29	URGN
URGN	- 0.28	SEPN
BCAX	- 0.26	URGN
XNCR	- 0.05	URGN

Risk-Adjusted Indicators

There is a big difference between Tango Stock performing well and Tango Therapeutics 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 Tango Therapeutics' 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
SEPN	2.72	0.66	0.26	1.33	2.01	(3.47)	6.19	(3.29)	19.14
URGN	3.25	0.40	0.11	0.48	3.08	(3.60)	9.46	(4.88)	24.13
PROK	4.32	(0.15)	0.03	0.06	5.10	(5.02)	7.63	(8.27)	54.74
EYPT	2.82	0.15	0.03	0.29	4.23	(2.63)	5.15	(6.32)	28.99
BCAX	3.44	0.46	0.11	0.49	3.60	(3.80)	8.67	(6.48)	29.35
KOD	6.49	1.40	0.24	0.48	5.56	(7.44)	19.23	(12.40)	72.29
KURA	3.28	0.80	0.31	0.45	2.55	(4.17)	8.25	(4.10)	19.06
NRIX	3.39	0.20	0.09	0.19	3.11	(4.26)	8.66	(5.15)	18.95
XNCR	3.30	0.80	0.27	0.39	2.95	(4.08)	10.71	(5.23)	24.00
FTRE	3.97	0.65	0.19	0.31	3.86	(4.64)	10.66	(7.78)	30.98

Tango Therapeutics Corporate Management

MD Kaelin	Founder Board	Profile
Antoni MD	Founder Board	Profile
Daniella CPA	Chief Officer	Profile
Alan Huang	Chief Officer	Profile
Levi MD	Founder	Profile
JD Esq	Chief Secretary	Profile

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