| LEGN Stock | | | USD 49.58 0.51 1.04% |
The current 90-days correlation between Legend Biotech Corp and Amylyx Pharmaceuticals is -0.14 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Legend Biotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Legend Biotech Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Legend Biotech Correlation With Market
Weak diversification
The correlation between Legend Biotech Corp and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Legend Biotech Corp and DJI in the same portfolio, assuming nothing else is changed.
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Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legend Biotech Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
Moving together with Legend Stock
Moving against Legend Stock
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Legend Biotech Corporate Management