Amarin PLC Correlations

AMRN Stock

USD 0.55 0.02 3.77%

The current 90-days correlation between Amarin PLC and Scilex Holding is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amarin PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amarin PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amarin PLC Correlation With Market

Average diversification

The correlation between Amarin PLC and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amarin PLC and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amarin PLC. 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.

To learn how to invest in Amarin Stock, please use our How to Invest in Amarin PLC guide.

Moving together with Amarin Stock

0.73	DNLI	Denali Therapeutics	Pair Corr
0.69	EVOK	Evoke Pharma	Pair Corr
0.71	FOLD	Amicus Therapeutics	Pair Corr
0.79	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.67	LLY	Eli Lilly	Pair Corr
0.75	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.79	UPC	Universe Pharmaceuticals	Pair Corr
0.61	LPCN	Lipocine	Pair Corr
0.77	RARE	Ultragenyx	Pair Corr
0.76	ABBV	AbbVie Inc	Pair Corr
0.77	ALNY	Alnylam Pharmaceuticals	Pair Corr
0.87	AMGN	Amgen Inc	Pair Corr
0.78	APGE	Apogee Therapeutics,	Pair Corr
0.83	SHPH	Shuttle Pharmaceuticals	Pair Corr
0.76	CPHI	China Pharma Holdings	Pair Corr

Moving against Amarin Stock

0.77	LFCR	Lifecore Biomedical	Pair Corr
0.64	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.55	GILD	Gilead Sciences	Pair Corr
0.41	IMCC	Im Cannabis Corp	Pair Corr
0.7	APLS	Apellis Pharmaceuticals	Pair Corr
0.67	ACAD	ACADIA Pharmaceuticals	Pair Corr
0.67	ARGX	argenx NV ADR	Pair Corr
0.46	PRFX	Painreform	Pair Corr
0.63	CPIX	Cumberland Pharmaceuticals	Pair Corr
0.61	TKNO	Alpha Teknova	Pair Corr
0.56	CAH	Cardinal Health	Pair Corr
0.55	SUPN	Supernus Pharmaceuticals	Pair Corr
0.34	BFRI	Biofrontera Buyout Trend	Pair Corr

Related Correlations Analysis

	SCLXW	BIIB	GILD	AZN	SNY	NVS	GSK	MRK	BMY	AMGN
SCLXW		-0.04	0.3	-0.3	-0.11	-0.05	-0.13	-0.33	0.18	0.11	SCLXW
BIIB	-0.04		-0.68	0.85	0.94	0.98	0.95	0.81	-0.79	0.94	BIIB
GILD	0.3	-0.68		-0.76	-0.69	-0.73	-0.67	-0.67	0.67	-0.56	GILD
AZN	-0.3	0.85	-0.76		0.87	0.87	0.92	0.92	-0.81	0.68	AZN
SNY	-0.11	0.94	-0.69	0.87		0.92	0.95	0.83	-0.83	0.87	SNY
NVS	-0.05	0.98	-0.73	0.87	0.92		0.93	0.81	-0.75	0.92	NVS
GSK	-0.13	0.95	-0.67	0.92	0.95	0.93		0.9	-0.81	0.86	GSK
MRK	-0.33	0.81	-0.67	0.92	0.83	0.81	0.9		-0.73	0.66	MRK
BMY	0.18	-0.79	0.67	-0.81	-0.83	-0.75	-0.81	-0.73		-0.69	BMY
AMGN	0.11	0.94	-0.56	0.68	0.87	0.92	0.86	0.66	-0.69		AMGN
	SCLXW	BIIB	GILD	AZN	SNY	NVS	GSK	MRK	BMY	AMGN

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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

NVS	+ 0.98	BIIB
GSK	+ 0.95	BIIB
GSK	+ 0.95	SNY
SNY	+ 0.94	BIIB
AMGN	+ 0.94	BIIB
GSK	+ 0.93	NVS

High negative correlations

BMY	- 0.83	SNY
BMY	- 0.81	GSK
BMY	- 0.81	AZN
BMY	- 0.79	BIIB
AZN	- 0.76	GILD
BMY	- 0.75	NVS

Risk-Adjusted Indicators

There is a big difference between Amarin Stock performing well and Amarin PLC 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 Amarin PLC'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
SCLXW	12.55	1.65	0.08	1.09	13.62	(20.51)	36.36	(25.53)	109.99
BIIB	1.09	(0.32)	0.00	(1.47)	0.00	0.00	1.90	(2.90)	5.86
GILD	1.01	0.09	0.05	0.50	1.40	(0.96)	1.94	(2.23)	10.79
AZN	1.05	(0.22)	0.00	0.46	0.00	0.00	1.51	(3.18)	8.50
SNY	0.97	(0.18)	0.00	1.19	0.00	0.00	1.43	(2.31)	10.59
NVS	0.75	(0.20)	0.00	(3.42)	0.00	0.00	1.36	(2.29)	6.05
GSK	1.08	(0.19)	0.00	25.51	0.00	0.00	1.94	(2.28)	8.87
MRK	0.95	(0.14)	0.00	(0.60)	0.00	0.00	1.72	(2.13)	5.17
BMY	1.23	0.11	0.06	(0.48)	1.39	(1.34)	2.51	(2.54)	14.38
AMGN	1.05	(0.28)	0.00	(0.58)	0.00	0.00	1.60	(2.70)	9.43

Amarin PLC Corporate Management

Jason JD	Chief VP	Profile
Joseph JD	Exec Counsel	Profile
Jordan Zwick	Senior Relations	Profile
Alina Kolomeyer	Director Communications	Profile
Nabil Abadir	Chief Affairs	Profile

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