Castle Biosciences Correlations

CSTL Stock

USD 22.53 0.02 0.09%

The current 90-days correlation between Castle Biosciences and Personalis is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Castle Biosciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Castle Biosciences moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Castle Biosciences Correlation With Market

Average diversification

The correlation between Castle Biosciences and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Castle Biosciences and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Castle Stock

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

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

Moving together with Castle Stock

0.83	EQ	Equillium	Pair Corr
0.63	CMB	Cambium Bio	Pair Corr
0.68	DMAC	DiaMedica Therapeutics Downward Rally	Pair Corr
0.7	DNTH	Dianthus Therapeutics	Pair Corr
0.78	VCYT	Veracyte	Pair Corr
0.61	VERA	Vera Therapeutics	Pair Corr
0.77	DRTS	Alpha Tau Medical	Pair Corr
0.79	DSGN	Design Therapeutics	Pair Corr
0.7	VRDN	Viridian Therapeutics	Pair Corr

Moving against Castle Stock

0.74	VCEL	Vericel Corp Ord	Pair Corr
0.7	DRMA	Dermata Therapeutics	Pair Corr
0.44	AVH	Avita Medical	Pair Corr
0.83	DVAX	Dynavax Technologies	Pair Corr
0.47	VKTX	Viking Therapeutics Earnings Call This Week	Pair Corr
0.79	VRAX	Virax Biolabs Group	Pair Corr
0.62	VRTX	Vertex Pharmaceuticals	Pair Corr
0.54	ALA	Arovella Therapeutics	Pair Corr
0.45	300238	Guanhao Biotech	Pair Corr
0.35	VPRO	Viropro	Pair Corr

Related Correlations Analysis

	PSNL	SERA	CDNA	DRIO	VCYT	RPTX
PSNL		0.54	0.57	0.62	0.43	0.64	PSNL
SERA	0.54		0.59	0.24	0.28	0.6	SERA
CDNA	0.57	0.59		0.32	0.55	0.73	CDNA
DRIO	0.62	0.24	0.32		0.11	0.3	DRIO
VCYT	0.43	0.28	0.55	0.11		0.75	VCYT
RPTX	0.64	0.6	0.73	0.3	0.75		RPTX
	PSNL	SERA	CDNA	DRIO	VCYT	RPTX

Risk-Adjusted Indicators

There is a big difference between Castle Stock performing well and Castle 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 Castle 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
PSNL	3.52	0.74	0.15	0.37	4.73	(4.04)	8.42	(5.69)	26.94
SERA	3.54	0.27	0.07	0.42	3.38	(4.78)	8.45	(5.65)	22.42
CDNA	2.78	(0.22)	0.00	(0.30)	0.00	0.00	5.19	(4.43)	38.49
DRIO	5.89	0.21	0.03	3.10	5.56	(9.05)	17.88	(8.21)	48.87
VCYT	2.43	0.51	0.22	0.41	2.03	(2.91)	5.48	(3.97)	20.16
RPTX	1.36	0.30	0.15	0.36	1.60	(1.51)	2.79	(2.76)	6.80

Castle Biosciences Corporate Management

Camilla Zuckero	Exec Communications	Profile
John Abbott	VP Controller	Profile
RN RN	Chief Officer	Profile
Kristen RN	Chief Officer	Profile
Tobin Juvenal	Chief Officer	Profile

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