Correlation
The correlation between BEAM and PRME is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BEAM vs. PRME
Compare and contrast key facts about Beam Therapeutics Inc. (BEAM) and Prime Medicine Inc. Common Stock (PRME).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BEAM or PRME.
Performance
BEAM vs. PRME - Performance Comparison
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Key characteristics
BEAM:
-0.47
PRME:
-0.84
BEAM:
-0.30
PRME:
-1.80
BEAM:
0.97
PRME:
0.81
BEAM:
-0.39
PRME:
-0.87
BEAM:
-1.24
PRME:
-1.38
BEAM:
27.94%
PRME:
59.22%
BEAM:
73.63%
PRME:
97.69%
BEAM:
-89.12%
PRME:
-94.55%
BEAM:
-88.15%
PRME:
-94.41%
Fundamentals
BEAM:
$1.59B
PRME:
$154.93M
BEAM:
-$4.61
PRME:
-$1.61
BEAM:
25.04
PRME:
40.28
BEAM:
1.41
PRME:
1.45
BEAM:
$63.58M
PRME:
$41.62M
BEAM:
$47.08M
PRME:
$39.90M
BEAM:
-$399.03M
PRME:
-$200.01M
Returns By Period
In the year-to-date period, BEAM achieves a -36.17% return, which is significantly higher than PRME's -59.59% return.
BEAM
-36.17%
-20.17%
-42.16%
-33.54%
-23.37%
-9.13%
N/A
PRME
-59.59%
-32.18%
-64.13%
-81.79%
N/A
N/A
N/A
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Risk-Adjusted Performance
BEAM vs. PRME — Risk-Adjusted Performance Rank
BEAM
PRME
BEAM vs. PRME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Beam Therapeutics Inc. (BEAM) and Prime Medicine Inc. Common Stock (PRME). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
BEAM vs. PRME - Dividend Comparison
Neither BEAM nor PRME has paid dividends to shareholders.
Drawdowns
BEAM vs. PRME - Drawdown Comparison
The maximum BEAM drawdown since its inception was -89.12%, smaller than the maximum PRME drawdown of -94.55%. Use the drawdown chart below to compare losses from any high point for BEAM and PRME.
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Volatility
BEAM vs. PRME - Volatility Comparison
The current volatility for Beam Therapeutics Inc. (BEAM) is 24.72%, while Prime Medicine Inc. Common Stock (PRME) has a volatility of 40.33%. This indicates that BEAM experiences smaller price fluctuations and is considered to be less risky than PRME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
BEAM vs. PRME - Financials Comparison
This section allows you to compare key financial metrics between Beam Therapeutics Inc. and Prime Medicine Inc. Common Stock. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities