Tscan Therapeutics Correlations

TCRX Stock

USD 1.92 0.21 9.86%

The current 90-days correlation between Tscan Therapeutics and Nautilus Biotechnology is -0.05 (i.e., Good diversification). The correlation of Tscan Therapeutics 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Tscan Therapeutics Correlation With Market

Average diversification

The correlation between Tscan Therapeutics and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tscan Therapeutics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tscan Stock

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

For more information on how to buy Tscan Stock please use our How to Invest in Tscan Therapeutics guide.

Moving together with Tscan Stock

0.85	XNCR	Xencor Inc	Pair Corr
0.82	MNMD	Mind Medicine	Pair Corr
0.64	PROK	ProKidney Corp	Pair Corr
0.74	PTCT	PTC Therapeutics	Pair Corr
0.85	RLAY	Relay Therapeutics Earnings Call This Week	Pair Corr
0.77	RPTX	Repare Therapeutics Earnings Call This Week	Pair Corr
0.87	BCAX	Bicara Therapeutics	Pair Corr
0.69	TNGX	Tango Therapeutics Earnings Call This Week	Pair Corr
0.85	SSNLF	Samsung Electronics	Pair Corr
0.86	UNFI	United Natural Foods	Pair Corr
0.72	TERN	Terns Pharmaceuticals	Pair Corr
0.66	AEP	American Electric Power	Pair Corr
0.77	VRT	Vertiv Holdings	Pair Corr

Moving against Tscan Stock

0.77	FBLG	FibroBiologics, Common	Pair Corr
0.47	KMDA	Kamada	Pair Corr
0.36	GENI	Genius Sports	Pair Corr

Related Correlations Analysis

	NAUT	VTGN	SEER	HURA	TIL	CNTX	SRZN	INO	MOLN	AGEN
NAUT		0.7	0.53	-0.5	-0.58	0.7	0.63	0.22	0.1	-0.4	NAUT
VTGN	0.7		0.43	-0.49	-0.56	0.88	0.88	0.69	0.24	-0.61	VTGN
SEER	0.53	0.43		-0.32	-0.67	0.55	0.45	0.11	0.08	-0.3	SEER
HURA	-0.5	-0.49	-0.32		0.55	-0.43	-0.42	-0.38	-0.23	0.18	HURA
TIL	-0.58	-0.56	-0.67	0.55		-0.67	-0.66	-0.4	-0.12	0.51	TIL
CNTX	0.7	0.88	0.55	-0.43	-0.67		0.86	0.54	0.29	-0.59	CNTX
SRZN	0.63	0.88	0.45	-0.42	-0.66	0.86		0.72	0.15	-0.74	SRZN
INO	0.22	0.69	0.11	-0.38	-0.4	0.54	0.72		0.16	-0.66	INO
MOLN	0.1	0.24	0.08	-0.23	-0.12	0.29	0.15	0.16		0.04	MOLN
AGEN	-0.4	-0.61	-0.3	0.18	0.51	-0.59	-0.74	-0.66	0.04		AGEN
	NAUT	VTGN	SEER	HURA	TIL	CNTX	SRZN	INO	MOLN	AGEN

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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

CNTX	+ 0.88	VTGN
SRZN	+ 0.88	VTGN
SRZN	+ 0.86	CNTX
INO	+ 0.72	SRZN
VTGN	+ 0.7	NAUT
CNTX	+ 0.7	NAUT

High negative correlations

AGEN	- 0.74	SRZN
CNTX	- 0.67	TIL
TIL	- 0.67	SEER
AGEN	- 0.66	INO
SRZN	- 0.66	TIL
AGEN	- 0.61	VTGN

Risk-Adjusted Indicators

There is a big difference between Tscan Stock performing well and Tscan Therapeutics 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 Tscan Therapeutics' 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
NAUT	4.39	1.01	0.21	0.73	4.24	(6.16)	14.43	(6.85)	43.79
VTGN	3.20	0.34	0.09	0.32	3.57	(3.48)	8.79	(5.58)	22.29
SEER	1.87	(0.04)	(0.02)	0.05	1.80	(2.87)	4.48	(3.38)	18.76
HURA	3.93	(0.22)	(0.01)	0.01	4.52	(4.35)	9.28	(7.25)	45.22
TIL	4.91	(0.78)	0.00	(0.19)	0.00	0.00	9.10	(10.59)	29.48
CNTX	3.79	0.57	0.13	1.03	3.26	(5.84)	10.13	(5.97)	30.11
SRZN	2.46	0.67	0.15	(1.74)	3.05	(2.73)	6.50	(4.94)	22.84
INO	3.80	0.76	0.21	0.52	3.38	(4.59)	8.44	(4.72)	30.78
MOLN	2.50	0.00	0.00	0.09	0.00	0.00	5.46	(4.59)	22.81
AGEN	3.19	(0.79)	0.00	(0.19)	0.00	0.00	5.47	(6.59)	27.68

Tscan Therapeutics Corporate Management

Justin McCue	Chief Officer	Profile
Leiden MBA	Principal Treasurer	Profile
Stephen Camiolo	Senior Access	Profile
Ray Lockard	VP Quality	Profile
Ray MBA	Senior Quality	Profile

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