Atreca Correlations

BCEL Stock  USD 1.23  0.04  3.36%   
The correlation of Atreca is a statistical measure of how it moves in relation to other equities. 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 Atreca moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atreca Inc 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.
Check out Trending Equities. For more information on how to buy Atreca Stock please use our How to buy in Atreca Stock guide.
  
The ability to find closely correlated positions to Atreca could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atreca 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 Atreca - 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 Atreca Inc to buy it.

Moving together with Atreca

+0.62CDXSCodexis Fiscal Quarter End 31st of March 2023 PairCorr
+0.68CLXTCalyxt Inc Fiscal Quarter End 31st of March 2023 PairCorr
+0.75DYAIDyadic International Earnings Call This WeekPairCorr
+0.61GNFTGenfit Report 6th of April 2023 PairCorr
+0.78MBIOMustang Bio Report 29th of March 2023 PairCorr

Moving against Atreca

-0.83ABBVAbbVie Inc Fiscal Quarter End 31st of March 2023 PairCorr
-0.49BNTXBioNTech SE Earnings Call TomorrowPairCorr
-0.44JNJJohnson Johnson Fiscal Quarter End 31st of March 2023 PairCorr
-0.43MRKMerck Company Fiscal Quarter End 31st of March 2023 PairCorr

Related Correlations

CDXS
CLXT
CPIX
ACRX
AVDL
CDXS
0.070.930.7-0.49
CDXS
CLXT
0.070.0-0.560.73
CLXT
CPIX
0.930.00.73-0.51
CPIX
ACRX
0.7-0.560.73-0.82
ACRX
AVDL
-0.490.73-0.51-0.82
AVDL
CDXS
CLXT
CPIX
ACRX
AVDL
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
CPIXCDXS
AVDLCLXT
ACRXCPIX
ACRXCDXS
CLXTCDXS
CPIXCLXT
  
High negative correlations   
AVDLACRX
ACRXCLXT
AVDLCPIX
AVDLCDXS
CPIXCLXT

Risk-Adjusted Indicators

Nowadays, there is a big difference between Atreca Stock performing well and Atreca company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Atreca's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Atreca without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Atreca Corporate Management

Elected by the shareholders, the Atreca's board of directors comprises two types of representatives: Atreca inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Atreca. The board's role is to monitor Atreca's management team and ensure that shareholders' interests are well served. Atreca's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Atreca's outside directors are responsible for providing unbiased perspectives on the board's policies.

Already Invested in Atreca Inc?

The danger of trading Atreca Inc is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Atreca is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Atreca. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Atreca Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities. For more information on how to buy Atreca Stock please use our How to buy in Atreca Stock guide. Note that the Atreca Inc information on this page should be used as a complementary analysis to other Atreca's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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When running Atreca Inc price analysis, check to measure Atreca's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Atreca is operating at the current time. Most of Atreca's value examination focuses on studying past and present price action to predict the probability of Atreca's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Atreca's price. Additionally, you may evaluate how the addition of Atreca to your portfolios can decrease your overall portfolio volatility.
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Is Atreca's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Atreca. If investors know Atreca will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Atreca listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.64) 
Return On Assets
(0.34) 
Return On Equity
(0.78) 
The market value of Atreca Inc is measured differently than its book value, which is the value of Atreca that is recorded on the company's balance sheet. Investors also form their own opinion of Atreca's value that differs from its market value or its book value, called intrinsic value, which is Atreca's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Atreca's market value can be influenced by many factors that don't directly affect Atreca's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Atreca's value and its price as these two are different measures arrived at by different means. Investors typically determine Atreca value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atreca's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.