Personalis Correlations

PSNL Stock

USD 3.36 0.36 12.00%

The current 90-days correlation between Personalis and Castle Biosciences is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Personalis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Personalis moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Personalis Correlation With Market

Very weak diversification

The correlation between Personalis and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Personalis and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Personalis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

Moving together with Personalis Stock

0.82	A	Agilent Technologies	Pair Corr
0.82	ME	23Andme Holding	Pair Corr
0.9	VANI	Vivani Medical	Pair Corr
0.88	DNLI	Denali Therapeutics	Pair Corr
0.69	DNTH	Dianthus Therapeutics	Pair Corr
0.89	VCEL	Vericel Corp Ord	Pair Corr
0.9	VCYT	Veracyte	Pair Corr
0.83	VERA	Vera Therapeutics	Pair Corr
0.75	DRTS	Alpha Tau Medical	Pair Corr
0.82	CDIOW	Cardio Diagnostics	Pair Corr
0.67	SABSW	SAB Biotherapeutics	Pair Corr
0.78	VINC	Vincerx Pharma	Pair Corr
0.84	VKTX	Viking Therapeutics	Pair Corr
0.79	DYAI	Dyadic International	Pair Corr
0.88	VRAX	Virax Biolabs Group	Pair Corr
0.75	VRCA	Verrica Pharmaceuticals	Pair Corr
0.83	VRDN	Viridian Therapeutics	Pair Corr
0.91	VRPX	Virpax Pharmaceuticals	Pair Corr
0.81	VTGN	VistaGen Therapeutics	Pair Corr
0.9	VTRS	Viatris Sell-off Trend	Pair Corr
0.93	VTYX	Ventyx Biosciences	Pair Corr

Moving against Personalis Stock

0.55	VALN	Valneva SE ADR	Pair Corr
0.43	DVAX	Dynavax Technologies	Pair Corr
0.77	VRTX	Vertex Pharmaceuticals Sell-off Trend	Pair Corr
0.56	VRNA	Verona Pharma PLC	Pair Corr
0.51	EDSA	Edesa Biotech	Pair Corr
0.31	VSTM	Verastem	Pair Corr

Related Correlations Analysis

	TWST	NTRA	GH	CSTL	SERA	CDNA	GTH	DRIO	CRL
TWST		0.85	0.41	0.74	0.54	0.73	0.0	0.12	0.2	TWST
NTRA	0.85		0.2	0.92	0.56	0.93	0.0	0.29	0.32	NTRA
GH	0.41	0.2		0.01	-0.35	0.15	0.0	-0.42	-0.39	GH
CSTL	0.74	0.92	0.01		0.67	0.9	0.0	0.46	0.41	CSTL
SERA	0.54	0.56	-0.35	0.67		0.52	0.0	0.6	0.66	SERA
CDNA	0.73	0.93	0.15	0.9	0.52		0.0	0.28	0.32	CDNA
GTH	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	GTH
DRIO	0.12	0.29	-0.42	0.46	0.6	0.28	0.0		0.62	DRIO
CRL	0.2	0.32	-0.39	0.41	0.66	0.32	0.0	0.62		CRL
	TWST	NTRA	GH	CSTL	SERA	CDNA	GTH	DRIO	CRL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CDNA	+ 0.93	NTRA
CSTL	+ 0.92	NTRA
CDNA	+ 0.9	CSTL
NTRA	+ 0.85	TWST
CSTL	+ 0.74	TWST
CDNA	+ 0.73	TWST

High negative correlations

DRIO	- 0.42	GH
CRL	- 0.39	GH
SERA	- 0.35	GH
CRL	- 0.0	GTH
DRIO	- 0.0	GTH
GTH	- 0.0	CDNA

Risk-Adjusted Indicators

There is a big difference between Personalis Stock performing well and Personalis 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 Personalis' 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
TWST	3.05	(0.27)	0.00	(3.02)	0.00	0.00	6.08	(6.83)	14.75
NTRA	2.22	(0.19)	0.00	2.05	0.00	0.00	4.36	(4.34)	13.77
GH	3.41	0.74	0.16	0.29	3.51	(3.84)	6.28	(5.84)	32.66
CSTL	2.60	(0.37)	0.00	(1.15)	0.00	0.00	4.51	(6.33)	23.81
SERA	3.73	(1.01)	0.00	(1.03)	0.00	0.00	6.27	(9.28)	24.27
CDNA	3.09	(0.26)	0.00	0.84	0.00	0.00	5.88	(6.77)	19.59
GTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DRIO	5.81	0.37	0.03	0.14	8.54	(7.27)	8.54	(12.16)	121.18
CRL	1.97	(0.44)	0.00	(0.80)	0.00	0.00	3.86	(4.91)	12.43

Personalis Corporate Management

Stephen JD	Senior Officer	Profile
Christian Haudenschild	Senior Operations	Profile
DPHIL FRCP	CoFounder Board	Profile
Carol Tillis	VP Admin	Profile
MS MD	Executive Officer	Profile
MD MS	VP Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC