| KURA Stock | | | USD 20.89 0.87 4.00% |
The current 90-days correlation between Kura Oncology and Day One Biopharmaceuticals is 0.21 (i.e., Modest diversification). The correlation of Kura Oncology 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.
Kura Oncology Correlation With Market
Good diversification
The correlation between Kura Oncology and NYA is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kura Oncology and NYA 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 Kura Oncology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
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Moving together with Kura Stock
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Kura Oncology Corporate Management