Cytokinetics Correlations

CYTK Stock

USD 62.16 1.19 1.88%

The current 90-days correlation between Cytokinetics and Merus BV is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cytokinetics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cytokinetics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cytokinetics Correlation With Market

Weak diversification

The correlation between Cytokinetics and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cytokinetics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cytokinetics Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cytokinetics. 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 Cytokinetics Stock please use our How to buy in Cytokinetics Stock guide.

Moving together with Cytokinetics Stock

0.81	GILD	Gilead Sciences	Pair Corr
0.71	ACW	Actinogen Medical	Pair Corr
0.86	AMGN	Amgen Inc	Pair Corr
0.82	NHIC	NewHold Investment Corp	Pair Corr
0.69	JBHT	JB Hunt Transport	Pair Corr
0.64	MTC	MMTEC Inc Trending	Pair Corr
0.77	AAPL	Apple Inc	Pair Corr
0.79	MRK	Merck Company Aggressive Push	Pair Corr
0.84	JNJ	Johnson Johnson	Pair Corr
0.73	DD	Dupont De Nemours	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.78	KO	Coca Cola Aggressive Push	Pair Corr
0.79	CSCO	Cisco Systems	Pair Corr
0.67	MMM	3M Company	Pair Corr

Moving against Cytokinetics Stock

0.73	AVH	Avita Medical	Pair Corr
0.46	ALRS	Alerus Financial Corp Normal Trading	Pair Corr
0.88	HD	Home Depot	Pair Corr
0.78	T	ATT Inc	Pair Corr
0.72	DIS	Walt Disney	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.67	BA	Boeing	Pair Corr
0.41	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	MRUS	NUVL	ABVX	AXSM	RYTM	HALO	JAZZ	CORT	CRSP
MRUS		0.7	0.59	0.63	0.49	-0.75	0.5	0.06	0.0	MRUS
NUVL	0.7		0.91	0.96	0.53	-0.54	0.87	-0.02	-0.51	NUVL
ABVX	0.59	0.91		0.95	0.39	-0.44	0.87	0.04	-0.63	ABVX
AXSM	0.63	0.96	0.95		0.42	-0.46	0.86	-0.02	-0.64	AXSM
RYTM	0.49	0.53	0.39	0.42		-0.59	0.28	-0.13	0.15	RYTM
HALO	-0.75	-0.54	-0.44	-0.46	-0.59		-0.3	-0.11	-0.21	HALO
JAZZ	0.5	0.87	0.87	0.86	0.28	-0.3		0.2	-0.55	JAZZ
CORT	0.06	-0.02	0.04	-0.02	-0.13	-0.11	0.2		0.18	CORT
CRSP	0.0	-0.51	-0.63	-0.64	0.15	-0.21	-0.55	0.18		CRSP
	MRUS	NUVL	ABVX	AXSM	RYTM	HALO	JAZZ	CORT	CRSP

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

AXSM	+ 0.96	NUVL
AXSM	+ 0.95	ABVX
ABVX	+ 0.91	NUVL
JAZZ	+ 0.87	NUVL
JAZZ	+ 0.87	ABVX
JAZZ	+ 0.86	AXSM

High negative correlations

HALO	- 0.75	MRUS
CRSP	- 0.64	AXSM
CRSP	- 0.63	ABVX
HALO	- 0.59	RYTM
CRSP	- 0.55	JAZZ
HALO	- 0.54	NUVL

Risk-Adjusted Indicators

There is a big difference between Cytokinetics Stock performing well and Cytokinetics 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 Cytokinetics' 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
MRUS	1.17	0.55	0.74	2.41	0.00	(1.29)	1.16	(1.06)	36.44
NUVL	2.43	0.35	0.11	0.51	2.72	(2.49)	4.99	(5.30)	15.40
ABVX	2.44	0.63	0.21	(2.59)	2.14	(2.87)	5.53	(4.18)	13.65
AXSM	1.58	0.24	0.12	0.36	1.65	(1.78)	4.03	(2.46)	9.56
RYTM	2.07	0.17	0.07	0.20	2.59	(2.21)	4.03	(4.25)	12.09
HALO	1.30	(0.36)	0.00	(0.75)	0.00	0.00	2.18	(2.91)	9.83
JAZZ	1.66	0.48	0.24	(0.66)	1.21	(2.11)	3.66	(2.46)	24.53
CORT	2.15	0.15	0.06	0.14	3.56	(2.16)	5.41	(4.14)	22.44
CRSP	3.01	0.01	0.00	0.07	3.68	(3.10)	6.97	(6.54)	19.04

Cytokinetics Corporate Management

Jennifer MBA	VP Marketing	Profile
Holly Laughlin	VP Controller	Profile
Jeff Lotz	Vice Operations	Profile
Laura MD	Medical Clinical	Profile
Scott Jordan	Senior Strategy	Profile
FACC MD	Ex RD	Profile
Eric Terhaerdt	Senior Operations	Profile

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