Kaleido Biosciences Related Correlations

KLDO -  USA Stock  

USD 4.94  0.27  5.18%

Generate correlation matrix for Kaleido Biosciences and other related equities to check the degree to which Kaleido Biosciences price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Kaleido Biosciences. To filter out specific equities, please toggle its corresponding legend item. Please see Stocks Correlation.
The market value of Kaleido Biosciences is measured differently than its book value, which is the value of Kaleido that is recorded on the company's balance sheet. Investors also form their own opinion of Kaleido Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Kaleido Biosciences' 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 Kaleido Biosciences' market value can be influenced by many factors that don't directly affect Kaleido Biosciences underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kaleido Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine Kaleido Biosciences value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kaleido Biosciences' 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.

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Correlations

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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   
Insignificant correlation   
High negative correlations   

Kaleido Biosciences Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Kaleido Biosciences stock performing well and Kaleido Biosciences 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 Kaleido Biosciences' multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR
 1.68 (0.12)  0.00 (0.09)  0.00 (0.05)  0.00  3.05 (4.17)  9.59 
MSFT
 0.83  0.11  0.11  0.12  0.92  0.1 (1.00)  2.08 (1.75)  6.18 
UBER
 1.83  0.07  0.04  0.08  1.91  0.0304 (1.98)  3.44 (2.83)  14.66 
F
 1.66  0.18  0.09  0.12  1.89  0.08 (1.90)  3.64 (3.06)  10.13 
T
 0.76 (0.16)  0.00 (0.22)  0.00 (0.16)  0.00  1.26 (1.94)  5.83 
A
 0.89  0.04  0.02  0.07  1.50  0.0279 (0.80)  1.60 (2.21)  6.75 
CRM
 1.11  0.31  0.27  0.50  0.82  0.20 (1.27)  2.62 (1.65)  9.86 
JPM
 1.08  0.10  0.07  0.08  1.27  0.07 (1.16)  2.10 (2.28)  5.83 
MRK
 0.88  0.00  0.00  0.02  0.98  0.0012 (0.99)  1.59 (1.66)  10.18 
XOM
 1.44  0.09  0.06  0.07  1.45  0.05 (1.63)  3.37 (2.66)  6.84