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Last Update: 04-Oct-2024, 17:57 CST

CABA Correlation Report

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Correlation Plot    ExplainYTD: CABA  -81.2 %  vs. SPX  20.6 % 
Cabaletta Bio Inc.

* Correlation: MODERATE* Reward: correlation not >= 0.6 or <= -0.6
* Diversifier: WEAK* Risk: HIGH

CC *Alpha *Beta *RR *R-Scatter *% Win *

0.434

-0.706

4.57

-29

-1.5

43.3
* Last 60 market days. CABA relative to SPX - S&P 500 Index
Most Correlated Non-ETF Securities:
RankCABA CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
1
0.624 Subscribe first then Login to view complete reports now

0.544

0.101

5.00
2
1
0.602 Subscribe first then Login to view complete reports now

0.660

-0.025

1.83
3
4
0.556 Subscribe first then Login to view complete reports now

0.371

-0.459

3.31
4
59
0.555 Subscribe first then Login to view complete reports now

0.424

0.219

4.23
5
180
0.552 BL - BlackLine Inc.

0.649

-0.264

1.59
Least Correlated Non-ETF Securities:
RankCABA CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
141
0.000 Subscribe first then Login to view complete reports now

0.177

0.026

2.56
2
233
0.000 Subscribe first then Login to view complete reports now

0.281

-1.103

4.93
3
326
-0.001 Subscribe first then Login to view complete reports now

0.157

0.039

1.21
4
66
-0.001 Subscribe first then Login to view complete reports now

0.308

-0.355

4.76
5
138
0.001 NARI - Inari Medical Inc.

0.003

-0.949

2.92
Most Anti-Correlated Non-ETF Securities:
RankCABA CCTicker Symbol - Security NameSPX CCSPX AlphaSPX Beta
1
3
-0.333 Subscribe first then Login to view complete reports now

-0.497

-0.039

-0.52
2
3
-0.307 Subscribe first then Login to view complete reports now

-0.511

0.641

-1.40
3
7
-0.298 Subscribe first then Login to view complete reports now

-0.112

-1.771

-8.55
4
1
-0.235 Subscribe first then Login to view complete reports now

-0.030

-2.974

-9.82
5
4
-0.223 MODD - Modular Medical Inc.

0.088

0.027

3.61




 

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