Intra Cellular Correlations

Summary

ITCIDelisted Stock

USD 131.87 0.03 0.02%

The current 90-days correlation between Intra Cellular Therapies and Alkermes Plc is -0.09 (i.e., Good diversification). The correlation of Intra Cellular 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. 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.

Moving together with Intra Stock

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0.73	CRWV	CoreWeave, Class A	Pair Corr
0.81	AXP	American Express	Pair Corr
0.93	DIS	Walt Disney	Pair Corr
0.83	GE	GE Aerospace	Pair Corr
0.72	CAT	Caterpillar	Pair Corr
0.82	CSCO	Cisco Systems	Pair Corr
0.81	BAC	Bank of America	Pair Corr
0.78	IBM	International Business	Pair Corr
0.84	MSFT	Microsoft Earnings Call This Week	Pair Corr

Moving against Intra Stock

0.54

MCD

McDonalds

Pair Corr

Related Correlations Analysis

	ALKS	APLS	AVDL	AXSM	IRWD	NBIX	SAGE
ALKS		-0.04	-0.26	0.43	-0.42	-0.03	-0.57	ALKS
APLS	-0.04		0.62	0.54	0.43	0.32	0.26	APLS
AVDL	-0.26	0.62		0.12	0.01	0.7	0.34	AVDL
AXSM	0.43	0.54	0.12		0.33	-0.07	-0.2	AXSM
IRWD	-0.42	0.43	0.01	0.33		-0.31	0.32	IRWD
NBIX	-0.03	0.32	0.7	-0.07	-0.31		0.51	NBIX
SAGE	-0.57	0.26	0.34	-0.2	0.32	0.51		SAGE
	ALKS	APLS	AVDL	AXSM	IRWD	NBIX	SAGE

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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

NBIX	+ 0.7	AVDL
AVDL	+ 0.62	APLS
AXSM	+ 0.54	APLS
SAGE	+ 0.51	NBIX
AXSM	+ 0.43	ALKS
IRWD	+ 0.43	APLS

High negative correlations

SAGE	- 0.57	ALKS
IRWD	- 0.42	ALKS
NBIX	- 0.31	IRWD
AVDL	- 0.26	ALKS
SAGE	- 0.2	AXSM
NBIX	- 0.07	AXSM

Risk-Adjusted Indicators

There is a big difference between Intra Stock performing well and Intra Cellular 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 Intra Cellular'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
ALKS	1.44	(0.33)	0.00	(0.03)	0.00	0.00	3.08	(3.09)	15.05
APLS	2.46	(0.01)	0.01	0.19	2.55	(2.84)	5.62	(4.60)	18.33
AVDL	2.24	0.33	0.10	0.70	2.31	(2.71)	4.22	(4.42)	15.45
AXSM	1.64	(0.20)	0.00	(0.04)	0.00	0.00	3.42	(3.72)	10.32
IRWD	5.76	(0.23)	0.04	0.13	5.77	(7.25)	11.11	(9.23)	45.59
NBIX	1.18	0.24	0.14	0.50	1.02	(1.35)	2.90	(1.95)	11.72
SAGE	1.99	0.07	0.04	0.27	1.70	(2.62)	3.61	(3.48)	37.83

Intra Cellular Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Intra Cellular stock to make a market-neutral strategy. Peer analysis of Intra Cellular could also be used in its relative valuation, which is a method of valuing Intra Cellular by comparing valuation metrics with similar companies.

Alkermes Plc Apellis Pharmaceuticals Avadel Pharmaceuticals PLC Axsome Therapeutics Ironwood Pharmaceuticals Neurocrine Biosciences Sage Therapeutic American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

Intra Cellular Corporate Management

CPA CPA	CFO, Fin	Profile
Juan MD	Vice Relations	Profile
Michael PharmD	Senior Affairs	Profile
Suresh MD	Executive Officer	Profile
Karen Esq	Senior Officer	Profile

Still Interested in Intra Cellular Therapies?

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