| DNA Stock | | | USD 7.33 0.15 2.09% |
The current 90-days correlation between Ginkgo Bioworks Holdings and Revolution Medicines is 0.36 (i.e., Weak diversification). The correlation of Ginkgo Bioworks 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.
Ginkgo Bioworks Correlation With Market
Weak diversification
The correlation between Ginkgo Bioworks Holdings and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ginkgo Bioworks Holdings and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Ginkgo Stock
Moving against Ginkgo Stock
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Ginkgo Bioworks Corporate Management