Enliven Therapeutics Correlations

ELVN Stock

27.53 2.02 7.92%

The current 90-days correlation between Enliven Therapeutics and Cullinan Oncology LLC is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enliven Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enliven Therapeutics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Enliven Therapeutics Correlation With Market

Very weak diversification

The correlation between Enliven Therapeutics and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enliven Therapeutics and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enliven 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.

To learn how to invest in Enliven Stock, please use our How to Invest in Enliven Therapeutics guide.

Moving together with Enliven Stock

0.62

RVMD

Revolution Medicines

Pair Corr

Related Correlations Analysis

	THRX	PMVP	CGEM	IMRX	AVTE	MLTX	GPCR	CMPX	REPL	NVCT
THRX		0.43	0.48	-0.47	-0.49	-0.47	-0.34	-0.66	-0.45	0.38	THRX
PMVP	0.43		0.7	-0.37	0.17	-0.22	0.11	-0.33	0.06	0.37	PMVP
CGEM	0.48	0.7		-0.27	0.19	-0.23	-0.17	-0.15	0.11	0.47	CGEM
IMRX	-0.47	-0.37	-0.27		0.59	0.74	0.54	0.77	0.62	-0.36	IMRX
AVTE	-0.49	0.17	0.19	0.59		0.67	0.65	0.78	0.83	-0.06	AVTE
MLTX	-0.47	-0.22	-0.23	0.74	0.67		0.64	0.78	0.74	0.0	MLTX
GPCR	-0.34	0.11	-0.17	0.54	0.65	0.64		0.46	0.52	-0.09	GPCR
CMPX	-0.66	-0.33	-0.15	0.77	0.78	0.78	0.46		0.79	-0.23	CMPX
REPL	-0.45	0.06	0.11	0.62	0.83	0.74	0.52	0.79		0.0	REPL
NVCT	0.38	0.37	0.47	-0.36	-0.06	0.0	-0.09	-0.23	0.0		NVCT
	THRX	PMVP	CGEM	IMRX	AVTE	MLTX	GPCR	CMPX	REPL	NVCT

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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

REPL	+ 0.83	AVTE
REPL	+ 0.79	CMPX
CMPX	+ 0.78	AVTE
CMPX	+ 0.78	MLTX
CMPX	+ 0.77	IMRX
MLTX	+ 0.74	IMRX

High negative correlations

CMPX	- 0.66	THRX
AVTE	- 0.49	THRX
MLTX	- 0.47	THRX
IMRX	- 0.47	THRX
REPL	- 0.45	THRX
IMRX	- 0.37	PMVP

Risk-Adjusted Indicators

There is a big difference between Enliven Stock performing well and Enliven 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 Enliven 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
THRX	5.44	(0.54)	0.00	5.85	0.00	0.00	11.75	(8.57)	90.33
PMVP	1.85	(0.13)	(0.04)	(0.01)	2.32	(2.10)	3.87	(4.17)	12.32
CGEM	2.65	(0.20)	(0.03)	0.01	3.18	(2.94)	6.13	(5.56)	23.38
IMRX	6.59	1.44	0.25	0.84	5.42	(9.09)	20.72	(10.59)	60.06
AVTE	2.66	0.15	0.07	0.19	2.75	(3.18)	5.00	(4.73)	14.04
MLTX	2.25	0.34	0.12	0.44	2.48	(2.42)	5.39	(3.91)	16.31
GPCR	2.83	0.19	0.04	0.34	3.87	(2.88)	6.14	(4.70)	20.29
CMPX	4.46	1.04	0.28	0.38	4.00	(5.40)	11.19	(6.80)	21.24
REPL	2.62	0.51	0.14	0.72	2.78	(2.77)	7.23	(5.36)	22.86
NVCT	2.68	0.02	(0.02)	0.20	3.34	(2.90)	5.09	(5.91)	22.41

Enliven Therapeutics Corporate Executives

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

Joseph Lyssikatos	CoFounder Officer	Profile
Benjamin Hohl	CFO Development	Profile
Anish PharmD	CoFounder COO	Profile

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