Mustang Bio Correlations

MBIO Stock

USD 1.09 0.02 1.80%

The current 90-days correlation between Mustang Bio and Aditxt Inc is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mustang Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mustang Bio moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Mustang Bio Correlation With Market

Modest diversification

The correlation between Mustang Bio and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mustang Bio and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mustang Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mustang Bio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Mustang Stock, please use our How to Invest in Mustang Bio guide.

Moving together with Mustang Stock

0.88	A	Agilent Technologies	Pair Corr
0.75	ELAN	Elanco Animal Health Earnings Call Tomorrow	Pair Corr
0.69	ESPR	Esperion Therapeutics Earnings Call Today	Pair Corr
0.64	NVO	Novo Nordisk AS Earnings Call This Week	Pair Corr
0.73	GOVX	GeoVax Labs Earnings Call This Week	Pair Corr
0.7	INDP	Indaptus Therapeutics	Pair Corr
0.85	IRWD	Ironwood Pharmaceuticals Earnings Call This Week	Pair Corr
0.62	KTTA	Pasithea Therapeutics	Pair Corr
0.81	LIXT	Lixte Biotechnology Earnings Call This Week	Pair Corr
0.83	NBIX	Neurocrine Biosciences	Pair Corr
0.82	PCSA	Processa Pharmaceuticals Earnings Call This Week	Pair Corr
0.79	SABS	SAB Biotherapeutics	Pair Corr
0.94	SLRX	Salarius Pharmaceuticals Earnings Call This Week	Pair Corr
0.72	SNES	SenesTech Earnings Call This Week	Pair Corr
0.67	COLL	Collegium Pharmaceutical	Pair Corr
0.82	RMTI	Rockwell Medical Earnings Call This Week	Pair Corr
0.84	CCLD	CareCloud Earnings Call This Week	Pair Corr
0.82	CCLDO	CareCloud Earnings Call This Week	Pair Corr

Moving against Mustang Stock

0.72	ANIP	ANI Pharmaceuticals Earnings Call This Week	Pair Corr
0.44	LFCR	Lifecore Biomedical	Pair Corr
0.83	688166	BrightGene Bio Medical	Pair Corr
0.78	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.58	300871	Wuhan Hvsen Biotechnology	Pair Corr
0.56	CAH	Cardinal Health	Pair Corr
0.43	300439	Ningbo MedicalSystem	Pair Corr
0.4	CSCI	COSCIENS Biopharma Symbol Change	Pair Corr
0.34	AVE	Avecho Biotechnology	Pair Corr
0.31	TTNP	Titan Pharmaceuticals	Pair Corr

Related Correlations Analysis

	CKPT	RVPH	FBIOP	KOD	FBIO	ACHL	ADTX	NRBO	DRMA
CKPT		-0.63	0.15	-0.52	0.0	0.69	-0.72	-0.61	-0.43	CKPT
RVPH	-0.63		0.46	0.87	0.64	-0.84	0.91	0.8	0.64	RVPH
FBIOP	0.15	0.46		0.62	0.83	-0.23	0.27	0.17	0.36	FBIOP
KOD	-0.52	0.87	0.62		0.72	-0.7	0.78	0.67	0.4	KOD
FBIO	0.0	0.64	0.83	0.72		-0.42	0.45	0.41	0.5	FBIO
ACHL	0.69	-0.84	-0.23	-0.7	-0.42		-0.83	-0.85	-0.63	ACHL
ADTX	-0.72	0.91	0.27	0.78	0.45	-0.83		0.81	0.65	ADTX
NRBO	-0.61	0.8	0.17	0.67	0.41	-0.85	0.81		0.52	NRBO
DRMA	-0.43	0.64	0.36	0.4	0.5	-0.63	0.65	0.52		DRMA
	CKPT	RVPH	FBIOP	KOD	FBIO	ACHL	ADTX	NRBO	DRMA

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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

ADTX	+ 0.91	RVPH
KOD	+ 0.87	RVPH
FBIO	+ 0.83	FBIOP
NRBO	+ 0.81	ADTX
NRBO	+ 0.8	RVPH
ADTX	+ 0.78	KOD

High negative correlations

NRBO	- 0.85	ACHL
ACHL	- 0.84	RVPH
ADTX	- 0.83	ACHL
ADTX	- 0.72	CKPT
ACHL	- 0.7	KOD
DRMA	- 0.63	ACHL

Risk-Adjusted Indicators

There is a big difference between Mustang Stock performing well and Mustang Bio 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 Mustang Bio'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
CKPT	3.20	0.77	0.25	(2.01)	2.36	(4.47)	7.03	(5.36)	62.14
RVPH	4.95	(0.66)	0.00	(0.63)	0.00	0.00	13.16	(10.61)	41.47
FBIOP	2.15	(0.02)	0.05	(0.02)	2.24	(2.98)	4.50	(3.74)	21.16
KOD	4.96	(0.17)	0.00	(0.23)	0.00	0.00	11.65	(9.06)	22.01
FBIO	2.46	0.19	0.08	0.19	2.72	(2.84)	4.79	(4.00)	19.92
ACHL	1.59	0.68	0.54	2.87	0.49	(2.95)	3.47	(1.74)	22.77
ADTX	10.83	(2.39)	0.00	(11.67)	0.00	0.00	19.28	(22.96)	98.34
NRBO	3.99	(0.53)	0.00	1.04	0.00	0.00	8.05	(7.34)	25.83
DRMA	3.77	(0.36)	0.00	(1.67)	0.00	0.00	6.72	(8.33)	26.90

Mustang Bio Corporate Management

Kerry BBA	VP Operations	Profile
Lynn MS	VP Affairs	Profile
Eliot CPA	Interim Officer	Profile
Richard MS	Head Development	Profile
Matthew JD	VP Counsel	Profile
Bruce MD	Senior Development	Profile

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