Shattuck Labs Correlations

STTK Stock

USD 1.00 0.08 7.41%

The current 90-days correlation between Shattuck Labs and Prelude Therapeutics is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shattuck Labs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shattuck Labs moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Shattuck Labs Correlation With Market

Very good diversification

The correlation between Shattuck Labs and DJI is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shattuck Labs and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shattuck Labs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Moving together with Shattuck Stock

0.73	MCRB	Seres Therapeutics Earnings Call This Week	Pair Corr
0.74	EQ	Equillium	Pair Corr
0.71	MDXG	MiMedx Group	Pair Corr
0.73	MEIP	MEI Pharma Earnings Call This Week	Pair Corr
0.66	MESO	Mesoblast	Pair Corr
0.76	DMAC	DiaMedica Therapeutics Earnings Call This Week	Pair Corr
0.75	MGNX	MacroGenics Earnings Call This Week	Pair Corr
0.67	VANI	Vivani Medical	Pair Corr
0.66	VCEL	Vericel Corp Ord Earnings Call This Week	Pair Corr
0.68	MIST	Milestone Pharmaceuticals	Pair Corr
0.72	MIRM	Mirum Pharmaceuticals Earnings Call This Week	Pair Corr
0.73	DRMA	Dermata Therapeutics Earnings Call This Week	Pair Corr
0.65	CDIOW	Cardio Diagnostics	Pair Corr
0.78	MNKD	MannKind Corp Earnings Call This Week	Pair Corr
0.7	MOLN	Molecular Partners	Pair Corr

Moving against Shattuck Stock

0.47

MLYS

Mineralys Therapeutics, Earnings Call This Week

Pair Corr

Related Correlations Analysis

	CCCC	ELYM	PRLD	GLUE	FHTX	KYMR	NRIX	PRDS	CSBR	IPSC
CCCC		0.0	0.63	0.84	0.7	0.8	0.99	0.0	0.82	0.95	CCCC
ELYM	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ELYM
PRLD	0.63	0.0		0.42	0.35	0.67	0.62	0.0	0.25	0.64	PRLD
GLUE	0.84	0.0	0.42		0.7	0.86	0.86	0.0	0.78	0.84	GLUE
FHTX	0.7	0.0	0.35	0.7		0.72	0.71	0.0	0.54	0.76	FHTX
KYMR	0.8	0.0	0.67	0.86	0.72		0.83	0.0	0.51	0.84	KYMR
NRIX	0.99	0.0	0.62	0.86	0.71	0.83		0.0	0.83	0.96	NRIX
PRDS	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PRDS
CSBR	0.82	0.0	0.25	0.78	0.54	0.51	0.83	0.0		0.76	CSBR
IPSC	0.95	0.0	0.64	0.84	0.76	0.84	0.96	0.0	0.76		IPSC
	CCCC	ELYM	PRLD	GLUE	FHTX	KYMR	NRIX	PRDS	CSBR	IPSC

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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

NRIX	+ 0.99	CCCC
IPSC	+ 0.96	NRIX
IPSC	+ 0.95	CCCC
KYMR	+ 0.86	GLUE
NRIX	+ 0.86	GLUE
GLUE	+ 0.84	CCCC

High negative correlations

IPSC	- 0.0	PRDS
CSBR	- 0.0	PRDS
PRDS	- 0.0	NRIX
PRDS	- 0.0	KYMR
PRDS	- 0.0	FHTX
PRDS	- 0.0	GLUE

Risk-Adjusted Indicators

There is a big difference between Shattuck Stock performing well and Shattuck Labs 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 Shattuck Labs' 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
CCCC	4.28	(0.95)	0.00	1.32	0.00	0.00	7.44	(9.21)	22.49
ELYM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRLD	4.78	(0.26)	0.00	0.20	0.00	0.00	8.82	(9.46)	27.77
GLUE	3.50	(0.31)	0.00	(3.66)	0.00	0.00	7.34	(6.48)	26.52
FHTX	4.74	0.40	0.07	0.22	5.25	(5.48)	10.38	(8.76)	28.06
KYMR	3.36	(0.07)	0.00	0.13	0.00	0.00	6.60	(7.60)	20.25
NRIX	3.21	(0.79)	0.00	1.30	0.00	0.00	4.60	(8.23)	16.92
PRDS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CSBR	3.95	(0.76)	0.00	5.24	0.00	0.00	7.63	(9.16)	20.77
IPSC	3.33	(0.47)	0.00	2.79	0.00	0.00	8.00	(6.82)	22.73

Shattuck Labs Corporate Management

Conor CPA	Vice Relations	Profile
Thomas PharmD	Senior Affairs	Profile
Andrew MBA	Chief Officer	Profile
Fatima MD	VP Research	Profile
George Fromm	CoChief Officer	Profile
Stephen JD	Corporate Counsel	Profile
Kelli MS	Senior Quality	Profile

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