Prestige Brand Correlations
PBH Stock | USD 82.32 0.69 0.85% |
The current 90-days correlation between Prestige Brand Holdings and Evotec SE ADR is 0.17 (i.e., Average diversification). The correlation of Prestige Brand 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.
Prestige Brand Correlation With Market
Very weak diversification
The correlation between Prestige Brand Holdings and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prestige Brand Holdings and DJI in the same portfolio, assuming nothing else is changed.
Prestige |
Moving together with Prestige Stock
0.62 | VCEL | Vericel Corp Ord | PairCorr |
0.84 | VERV | Verve Therapeutics Sell-off Trend | PairCorr |
0.69 | DSGN | Design Therapeutics | PairCorr |
0.71 | DVAX | Dynavax Technologies | PairCorr |
0.62 | VRTX | Vertex Pharmaceuticals | PairCorr |
Moving against Prestige Stock
0.55 | ME | 23Andme Holding | PairCorr |
0.37 | A | Agilent Technologies Sell-off Trend | PairCorr |
0.35 | DRMA | Dermata Therapeutics | PairCorr |
0.34 | VALN | Valneva SE ADR | PairCorr |
0.63 | VIRX | Viracta Therapeutics | PairCorr |
0.49 | VRCA | Verrica Pharmaceuticals | PairCorr |
0.38 | CDTTW | Conduit Pharmaceuticals | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Prestige Stock performing well and Prestige Brand 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 Prestige Brand'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
EVO | 3.88 | 0.74 | 0.13 | (21.17) | 4.11 | 9.82 | 28.90 | |||
SUPN | 1.35 | 0.05 | 0.04 | 0.20 | 1.71 | 3.33 | 12.24 | |||
COLL | 1.98 | (0.36) | 0.00 | (0.14) | 0.00 | 3.59 | 12.29 | |||
DCPH | 1.66 | (0.17) | 0.00 | 1.08 | 0.00 | 3.27 | 9.66 | |||
EGRX | 3.94 | (1.20) | 0.00 | (38.87) | 0.00 | 9.24 | 53.71 | |||
SSIC | 1.09 | 0.17 | 0.00 | (1.50) | 1.04 | 2.89 | 7.09 | |||
RGC | 6.44 | (0.24) | 0.00 | 0.31 | 0.00 | 22.58 | 43.32 | |||
AMPH | 1.68 | (0.04) | 0.01 | 0.13 | 2.80 | 3.62 | 20.48 | |||
PCRX | 2.10 | 0.28 | 0.15 | 0.36 | 1.96 | 5.05 | 13.69 | |||
ANIP | 1.80 | (0.14) | (0.05) | 0.04 | 2.12 | 3.70 | 10.61 |