Aeglea Bio Correlations

Summary

AGLEDelisted Stock

USD 12.01 1.14 10.49%

The correlation of Aeglea Bio 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aeglea Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aeglea Bio Therapeutics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Significant diversification

The correlation between Aeglea Bio Therapeutics and NYA is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aeglea Bio Therapeutics and NYA in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

The ability to find closely correlated positions to Aeglea Bio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aeglea Bio when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aeglea Bio - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aeglea Bio Therapeutics to buy it.

Moving against Aeglea Stock

0.81	DIS	Walt Disney Report 8th of May 2024	Pair Corr
0.77	MDH	MDH Acquisition Corp	Pair Corr
0.74	CVI	CVR Energy Financial Report 6th of May 2024	Pair Corr
0.73	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.72	MRK	Merck Company Earnings Call This Week	Pair Corr
0.72	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.7	CE	Celanese Financial Report 14th of May 2024	Pair Corr
0.69	JPM	JPMorgan Chase Financial Report 12th of July 2024	Pair Corr
0.67	TRV	The Travelers Companies Financial Report 18th of July 2024	Pair Corr
0.64	WMT	Walmart Financial Report 16th of May 2024	Pair Corr
0.59	DD	Dupont De Nemours Report 7th of May 2024	Pair Corr
0.48	AA	Alcoa Corp Financial Report 17th of July 2024	Pair Corr

Related Correlations Analysis

	EWTX	IKNA	DSGN	XLO	ELYM	EFTR	LABP	APGN	NAVB	ANGN
EWTX		-0.63	0.07	0.0	-0.18	0.1	0.09	-0.59	-0.38	-0.13	EWTX
IKNA	-0.63		-0.3	-0.32	-0.22	0.41	-0.41	0.53	0.15	-0.12	IKNA
DSGN	0.07	-0.3		0.79	0.41	-0.31	0.93	-0.6	-0.03	0.8	DSGN
XLO	0.0	-0.32	0.79		0.49	-0.49	0.85	-0.54	-0.01	0.71	XLO
ELYM	-0.18	-0.22	0.41	0.49		-0.58	0.46	-0.22	-0.03	0.6	ELYM
EFTR	0.1	0.41	-0.31	-0.49	-0.58		-0.47	0.29	0.03	-0.36	EFTR
LABP	0.09	-0.41	0.93	0.85	0.46	-0.47		-0.61	0.09	0.77	LABP
APGN	-0.59	0.53	-0.6	-0.54	-0.22	0.29	-0.61		0.44	-0.55	APGN
NAVB	-0.38	0.15	-0.03	-0.01	-0.03	0.03	0.09	0.44		-0.02	NAVB
ANGN	-0.13	-0.12	0.8	0.71	0.6	-0.36	0.77	-0.55	-0.02		ANGN
	EWTX	IKNA	DSGN	XLO	ELYM	EFTR	LABP	APGN	NAVB	ANGN

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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

LABP	+ 0.93	DSGN
LABP	+ 0.85	XLO
ANGN	+ 0.8	DSGN
XLO	+ 0.79	DSGN
ANGN	+ 0.77	LABP
ANGN	+ 0.71	XLO

High negative correlations

IKNA	- 0.63	EWTX
APGN	- 0.61	LABP
APGN	- 0.6	DSGN
APGN	- 0.59	EWTX
EFTR	- 0.58	ELYM
ANGN	- 0.55	APGN

Risk-Adjusted Indicators

There is a big difference between Aeglea Stock performing well and Aeglea 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 Aeglea 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
EWTX	3.70	0.70	0.23	0.29	3.16	(5.01)	7.13	(5.89)	45.27
IKNA	3.17	(0.56)	0.00	(0.32)	0.00	0.00	7.53	(7.32)	23.04
DSGN	3.35	0.71	0.23	0.34	2.89	(4.04)	9.52	(4.55)	21.11
XLO	6.24	1.27	0.18	1.81	6.31	(7.74)	8.22	(10.88)	81.99
ELYM	3.68	1.10	0.27	(1.03)	2.65	(5.11)	6.25	(5.90)	77.43
EFTR	6.83	(1.22)	0.00	(0.26)	0.00	0.00	11.60	(15.14)	98.22
LABP	5.93	3.61	1.45	(4.03)	0.24	(7.32)	8.46	(3.52)	174.24
APGN	3.15	(0.42)	0.00	(5.63)	0.00	0.00	6.52	(6.82)	19.80
NAVB	6.21	0.20	0.01	(0.07)	6.79	(15.91)	20.00	(12.50)	61.04
ANGN	5.04	0.92	0.14	(1.05)	5.44	(5.75)	11.55	(7.70)	42.18

Delisting Warning - AGLE

Aeglea Bio Therapeutics was delisted

The entity Aeglea Bio Therapeutics with a symbol AGLE was delisted from NASDAQ Exchange. Please try Spyre Therapeutics with a symbol SYRE from now on. Check all delisted instruments accross multiple markets.

Aeglea Bio Corporate Directors

Aeglea Bio corporate directors refer to members of an Aeglea Bio board of directors. The board of directors generally takes responsibility for the Aeglea Bio's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Aeglea Bio's board members must vote for the resolution. The Aeglea Bio board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

Sandesh Mahatme	Independent Director	Profile
Anthony Quinn	Independent Director	Profile
George Georgiou	Co-Founder, Director	Profile
Russell Cox	Independent Director	Profile

Still Interested in Aeglea Bio Therapeutics?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Other Consideration for investing in Aeglea Stock

If you are still planning to invest in Aeglea Bio Therapeutics check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Aeglea Bio's history and understand the potential risks before investing.

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