Coherus BioSciences Correlations

CHRS Stock

USD 0.88 0.02 2.22%

The current 90-days correlation between Coherus BioSciences and CytomX Therapeutics is 0.08 (i.e., Significant diversification). The correlation of Coherus BioSciences 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.

Coherus BioSciences Correlation With Market

Weak diversification

The correlation between Coherus BioSciences and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coherus BioSciences 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 Coherus BioSciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving against Coherus Stock

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0.53	KMDA	Kamada	Pair Corr
0.5	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.49	PFE	Pfizer Inc	Pair Corr
0.49	CGEN	Compugen	Pair Corr
0.43	EVGN	Evogene	Pair Corr
0.4	BCH	Banco De Chile	Pair Corr
0.35	RCUS	Arcus Biosciences	Pair Corr
0.35	FNMFO	Federal National Mortgage	Pair Corr
0.83	DIS	Walt Disney	Pair Corr
0.77	CSCO	Cisco Systems	Pair Corr
0.76	IBM	International Business Earnings Call This Week	Pair Corr
0.75	MSFT	Microsoft	Pair Corr
0.73	AA	Alcoa Corp	Pair Corr
0.71	AXP	American Express	Pair Corr
0.5	T	ATT Inc Earnings Call This Week	Pair Corr
0.47	TRV	The Travelers Companies	Pair Corr
0.44	WMT	Walmart Sell-off Trend	Pair Corr
0.44	HD	Home Depot	Pair Corr
0.44	CVX	Chevron Corp	Pair Corr
0.34	INTC	Intel Earnings Call This Week	Pair Corr
0.33	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	CTMX	NUVB	ASMB	LYRA	ATRA	FGEN	MGNX	BPMC
CTMX		0.11	0.8	0.53	0.63	-0.32	-0.08	0.8	CTMX
NUVB	0.11		0.0	0.32	0.26	0.56	0.58	-0.02	NUVB
ASMB	0.8	0.0		0.48	0.83	-0.52	-0.13	0.96	ASMB
LYRA	0.53	0.32	0.48		0.52	-0.2	0.02	0.62	LYRA
ATRA	0.63	0.26	0.83	0.52		-0.17	0.25	0.81	ATRA
FGEN	-0.32	0.56	-0.52	-0.2	-0.17		0.65	-0.55	FGEN
MGNX	-0.08	0.58	-0.13	0.02	0.25	0.65		-0.13	MGNX
BPMC	0.8	-0.02	0.96	0.62	0.81	-0.55	-0.13		BPMC
	CTMX	NUVB	ASMB	LYRA	ATRA	FGEN	MGNX	BPMC

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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

BPMC	+ 0.96	ASMB
ATRA	+ 0.83	ASMB
BPMC	+ 0.81	ATRA
ASMB	+ 0.8	CTMX
BPMC	+ 0.8	CTMX
MGNX	+ 0.65	FGEN

High negative correlations

BPMC	- 0.55	FGEN
FGEN	- 0.52	ASMB
FGEN	- 0.32	CTMX
FGEN	- 0.2	LYRA
FGEN	- 0.17	ATRA
BPMC	- 0.13	MGNX

Risk-Adjusted Indicators

There is a big difference between Coherus Stock performing well and Coherus BioSciences 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 Coherus BioSciences' 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
CTMX	7.37	2.27	0.42	0.54	5.35	(9.57)	13.85	(10.55)	145.00
NUVB	3.80	0.10	0.03	0.19	6.00	(3.74)	10.06	(8.29)	28.56
ASMB	2.78	0.81	0.28	0.68	2.49	(3.38)	7.34	(3.82)	34.50
LYRA	12.65	3.54	0.36	4.65	7.90	(20.06)	18.00	(15.85)	342.66
ATRA	3.31	0.85	0.18	2.20	3.71	(3.80)	9.62	(7.29)	25.25
FGEN	3.98	(0.06)	0.01	0.10	5.33	(4.16)	10.14	(9.56)	26.35
MGNX	4.78	0.08	0.05	0.16	4.84	(5.67)	10.32	(7.87)	32.12
BPMC	1.86	0.75	0.47	4.64	0.61	(2.41)	5.43	(1.91)	26.28

Coherus BioSciences Corporate Management

Vladimir Vexler	Chief Scientific Officer	Profile
Bryan Mcmichael	Principal Accounting	Profile
Michael Chen	Senior Trade	Profile
Theresa Lavallee	Chief Board	Profile
MRCP MD	Chief Officer	Profile
Rebecca Sunshine	Chief Officer	Profile

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