10X GENOMICS Correlations
| 1KJ Stock | EUR 12.53 0.06 0.48% |
The current 90-days correlation between 10X GENOMICS DL and Universal Electronics is 0.05 (i.e., Significant diversification). The correlation of 10X GENOMICS 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.
10X GENOMICS Correlation With Market
Good diversification
The correlation between 10X GENOMICS DL and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 10X GENOMICS DL and DJI in the same portfolio, assuming nothing else is changed.
10X |
The ability to find closely correlated positions to 10X GENOMICS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 10X GENOMICS when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back 10X GENOMICS - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling 10X GENOMICS DL to buy it.
Moving together with 10X Stock
| 0.68 | VEE | Veeva Systems | PairCorr |
| 0.81 | 3CM | RLX TECH SPADR1 | PairCorr |
| 0.84 | 1XZ | Ping An Healthcare | PairCorr |
| 0.73 | RU6 | PT Solusi Bangun | PairCorr |
| 0.72 | TBCN | Television Broadcasts | PairCorr |
| 0.7 | UGI | Sugi Holdings CoLtd | PairCorr |
| 0.69 | MSF | Microsoft | PairCorr |
| 0.84 | 0M7 | COFCO Joycome Foods | PairCorr |
| 0.64 | TQR | Beijing Tong Ren | PairCorr |
Moving against 10X Stock
| 0.75 | A2R | Accent Resources | PairCorr |
| 0.6 | HVB | STRA Hannoversche | PairCorr |
| 0.32 | NOVA | Novo Nordisk AS Earnings Call This Week | PairCorr |
| 0.31 | DBPD | Xtrackers ShortDAX | PairCorr |
Related Correlations Analysis
| 0.09 | 0.17 | 0.36 | 0.36 | 0.27 | 9TG0 | ||
| 0.09 | -0.37 | -0.14 | -0.15 | 0.78 | NUC | ||
| 0.17 | -0.37 | 0.37 | 0.33 | -0.23 | UE1 | ||
| 0.36 | -0.14 | 0.37 | 0.94 | -0.27 | 0VD0 | ||
| 0.36 | -0.15 | 0.33 | 0.94 | -0.27 | 0VD | ||
| 0.27 | 0.78 | -0.23 | -0.27 | -0.27 | SSUN | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between 10X Stock performing well and 10X GENOMICS 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 10X GENOMICS'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 9TG0 | 1.22 | 0.27 | 0.07 | (1.82) | 1.19 | 3.39 | 7.37 | |||
| NUC | 0.15 | 0.06 | 0.00 | 1.03 | 0.00 | 0.00 | 4.97 | |||
| UE1 | 2.96 | 0.23 | 0.06 | 0.37 | 3.34 | 5.88 | 17.01 | |||
| 0VD0 | 1.13 | (0.07) | (0.05) | (0.01) | 1.81 | 1.99 | 10.14 | |||
| 0VD | 1.13 | (0.03) | (0.08) | (0.03) | 1.74 | 1.93 | 11.64 | |||
| SSUN | 1.66 | 0.32 | 0.10 | 25.27 | 1.76 | 4.30 | 8.32 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 10X GENOMICS without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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10X GENOMICS Corporate Management
Elected by the shareholders, the 10X GENOMICS's board of directors comprises two types of representatives: 10X GENOMICS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 10X. The board's role is to monitor 10X GENOMICS's management team and ensure that shareholders' interests are well served. 10X GENOMICS's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, 10X GENOMICS's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mathai Mammen | Independent Director | Profile | |
| Bradford Crutchfield | Chief Commercial Officer | Profile | |
| Jean Philibert | Chief People Officer | Profile | |
| Benjamin Hindson | President Co-Founder, Chief Scientific Officer, Director | Profile | |
| Brad Crutchfield | Chief Commercial Officer | Profile | |
| Shehnaaz Suliman | Independent Director | Profile |