Zura Bio Correlations
| ZURA Stock | 4.62 0.26 5.96% |
The correlation of Zura Bio 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zura Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zura Bio Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Zura Bio Limited and NYA is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zura Bio Limited and NYA in the same portfolio, assuming nothing else is changed.
Zura |
The ability to find closely correlated positions to Zura Bio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zura Bio when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Zura Bio - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Zura Bio Limited to buy it.
Moving against Zura Stock
| 0.68 | GLUE | Monte Rosa Therapeutics Earnings Call This Week | PairCorr |
| 0.65 | BMY | Bristol Myers Squibb Earnings Call This Week | PairCorr |
| 0.63 | KRON | Kronos BioInc Earnings Call This Week | PairCorr |
| 0.59 | LYRA | Lyra TherapeuticsInc Financial Report 10th of May 2024 | PairCorr |
| 0.58 | GBIO | Generation BioCo Financial Report 8th of May 2024 | PairCorr |
| 0.46 | INDP | Indaptus Therapeutics Financial Report 9th of May 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Zura Stock performing well and Zura Bio 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 Zura Bio's 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TRTN-PC | 0.55 | (0.04) | 0.00 | (0.10) | 0.00 | 1.26 | 3.13 | |||
| SAM | 1.27 | (0.39) | 0.00 | (0.56) | 0.00 | 2.14 | 18.69 | |||
| ALTG | 2.08 | 0.00 | 0.03 | 0.04 | 2.27 | 5.39 | 12.81 | |||
| JAPAY | 0.67 | 0.09 | 0.07 | 0.39 | 0.64 | 1.47 | 3.19 | |||
| ABEV | 1.11 | (0.16) | 0.00 | (0.17) | 0.00 | 1.92 | 10.14 | |||
| HRI | 1.64 | (0.12) | 0.00 | (0.01) | 0.00 | 3.44 | 12.20 | |||
| FTAIM | 0.32 | 0.00 | (0.08) | 0.07 | 0.43 | 0.91 | 3.58 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Zura Bio without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Zura Bio Corporate Management
Elected by the shareholders, the Zura Bio's board of directors comprises two types of representatives: Zura Bio inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zura. The board's role is to monitor Zura Bio's management team and ensure that shareholders' interests are well served. Zura Bio's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Zura Bio's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gary Whale | Chief Officer | Profile | |
| David Brady | Head Development | Profile | |
| Kiran MBBS | Chief Development | Profile | |
| Kimberly Davis | Chief Secretary | Profile | |
| Theresa Lowry | Chief Officer | Profile | |
| Verender Badial | Chief Officer | Profile | |
| Michael Howell | Chief Science | Profile |
Already Invested in Zura Bio Limited?
The danger of trading Zura Bio Limited is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Zura Bio is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Zura Bio. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Zura Bio Limited is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Zura Bio Limited is a strong investment it is important to analyze Zura Bio's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Zura Bio's future performance. For an informed investment choice regarding Zura Stock, refer to the following important reports: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zura Bio Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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When running Zura Bio's price analysis, check to measure Zura Bio's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Zura Bio is operating at the current time. Most of Zura Bio's value examination focuses on studying past and present price action to predict the probability of Zura Bio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zura Bio's price. Additionally, you may evaluate how the addition of Zura Bio to your portfolios can decrease your overall portfolio volatility.
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Is Zura Bio's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zura Bio. If investors know Zura will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zura Bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.09) | Return On Assets (0.74) | Return On Equity (1.73) |
The market value of Zura Bio Limited is measured differently than its book value, which is the value of Zura that is recorded on the company's balance sheet. Investors also form their own opinion of Zura Bio's value that differs from its market value or its book value, called intrinsic value, which is Zura Bio's 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 Zura Bio's market value can be influenced by many factors that don't directly affect Zura Bio's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Zura Bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zura Bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zura Bio's 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.