Abcellera Biologics Correlations

ABCL Stock

USD 4.92 0.23 4.47%

The current 90-days correlation between Abcellera Biologics and Ginkgo Bioworks Holdings is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Abcellera Biologics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abcellera Biologics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Abcellera Biologics Correlation With Market

Good diversification

The correlation between Abcellera Biologics 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 Abcellera Biologics and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abcellera Biologics. 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.

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

Moving together with Abcellera Stock

0.86	VRDN	Viridian Therapeutics	Pair Corr
0.79	VTYX	Ventyx Biosciences	Pair Corr
0.67	MRK	Merck Company Earnings Call This Week	Pair Corr
0.79	PFE	Pfizer Inc	Pair Corr
0.7	MRVI	Maravai Lifesciences	Pair Corr
0.78	NUVL	Nuvalent	Pair Corr
0.7	ACLX	Arcellx	Pair Corr
0.87	AMLX	Amylyx Pharmaceuticals	Pair Corr
0.79	PTAIF	PT Astra International Earnings Call This Week	Pair Corr
0.9	PKX	POSCO Holdings	Pair Corr
0.64	JNJ	Johnson Johnson	Pair Corr
0.65	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.87	CVX	Chevron Corp	Pair Corr
0.77	JPM	JPMorgan Chase	Pair Corr
0.74	XOM	Exxon Mobil Corp	Pair Corr
0.73	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.66	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Abcellera Stock

0.46	CERT	Certara	Pair Corr
0.77	MCD	McDonalds	Pair Corr
0.52	TRV	The Travelers Companies	Pair Corr
0.48	VZ	Verizon Communications Aggressive Push	Pair Corr
0.46	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	DNA	CVAC	IOVA	KRYS	CERT	BEAM	NTLA	PACB	TWST
DNA		0.69	-0.26	0.02	-0.42	0.43	0.8	0.89	0.45	DNA
CVAC	0.69		-0.56	-0.33	-0.77	0.13	0.66	0.68	0.18	CVAC
IOVA	-0.26	-0.56		0.82	0.65	0.33	-0.21	-0.07	0.44	IOVA
KRYS	0.02	-0.33	0.82		0.64	0.61	0.08	0.22	0.75	KRYS
CERT	-0.42	-0.77	0.65	0.64		0.06	-0.49	-0.38	0.31	CERT
BEAM	0.43	0.13	0.33	0.61	0.06		0.64	0.58	0.58	BEAM
NTLA	0.8	0.66	-0.21	0.08	-0.49	0.64		0.82	0.37	NTLA
PACB	0.89	0.68	-0.07	0.22	-0.38	0.58	0.82		0.59	PACB
TWST	0.45	0.18	0.44	0.75	0.31	0.58	0.37	0.59		TWST
	DNA	CVAC	IOVA	KRYS	CERT	BEAM	NTLA	PACB	TWST

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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

PACB	+ 0.89	DNA
KRYS	+ 0.82	IOVA
PACB	+ 0.82	NTLA
NTLA	+ 0.8	DNA
TWST	+ 0.75	KRYS
CVAC	+ 0.69	DNA

High negative correlations

CERT	- 0.77	CVAC
IOVA	- 0.56	CVAC
NTLA	- 0.49	CERT
CERT	- 0.42	DNA
PACB	- 0.38	CERT
KRYS	- 0.33	CVAC

Risk-Adjusted Indicators

There is a big difference between Abcellera Stock performing well and Abcellera Biologics 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 Abcellera Biologics' 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
DNA	4.57	0.53	0.18	0.41	4.19	(5.46)	14.73	(7.43)	29.69
CVAC	3.08	1.34	0.25	(0.47)	2.34	(4.11)	7.43	(4.69)	39.05
IOVA	5.15	0.97	0.02	(0.16)	9.37	(5.30)	12.43	(7.25)	50.12
KRYS	1.92	0.05	0.00	0.14	0.00	0.00	4.17	(3.64)	18.32
CERT	2.08	(0.58)	0.00	(0.38)	0.00	0.00	4.28	(4.45)	13.29
BEAM	2.83	0.43	0.06	2.46	4.24	(2.90)	6.28	(4.15)	26.62
NTLA	4.15	0.90	0.15	0.85	5.45	(4.49)	8.60	(5.29)	36.46
PACB	4.09	0.51	0.12	0.77	3.51	(5.70)	14.00	(6.67)	29.00
TWST	2.97	(0.50)	(0.04)	0.01	3.89	(3.20)	6.04	(7.89)	15.74

Abcellera Biologics Corporate Management

Andy Clark	Head Assurance	Profile
Veronique Lecault	COO Director	Profile
Bo Barnhart	Scientific Director	Profile
Andrew MBA	Chief Officer	Profile
EdD CEC	Senior Development	Profile
Paul Colussi	Site Technologies	Profile
JD Esq	Chief Officer	Profile

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