ANI Pharmaceuticals Correlations

ANIP Stock

USD 65.98 1.72 2.68%

The current 90-days correlation between ANI Pharmaceuticals and Emergent Biosolutions is 0.38 (i.e., Weak diversification). The correlation of ANI Pharmaceuticals 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ANI Pharmaceuticals Correlation With Market

Weak diversification

The correlation between ANI Pharmaceuticals and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ANI Pharmaceuticals 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 ANI Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in ANI Stock, please use our How to Invest in ANI Pharmaceuticals guide.

Moving together with ANI Stock

0.72	AZN	AstraZeneca PLC ADR	Pair Corr
0.61	OCX	OncoCyte Corp	Pair Corr
0.8	SNY	Sanofi ADR	Pair Corr
0.64	GOSS	Gossamer Bio	Pair Corr
0.79	NVCT	Nuvectis Pharma	Pair Corr
0.73	AMGN	Amgen Inc	Pair Corr

Moving against ANI Stock

0.77	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.75	CDIOW	Cardio Diagnostics	Pair Corr
0.69	ZURA	Zura Bio Limited	Pair Corr
0.69	MLTX	MoonLake Immunotherapeuti	Pair Corr
0.54	OCEAW	Ocean Biomedical	Pair Corr
0.54	IMMX	Immix Biopharma	Pair Corr
0.53	ELEV	Elevation Oncology	Pair Corr
0.53	IMRX	Immuneering Corp	Pair Corr
0.52	ELVN	Enliven Therapeutics	Pair Corr
0.46	ZVSA	ZyVersa Therapeutics	Pair Corr
0.43	GPCR	Structure Therapeutics	Pair Corr
0.4	MRK	Merck Company	Pair Corr
0.39	LYRA	Lyra Therapeutics	Pair Corr
0.75	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.74	PMVP	Pmv Pharmaceuticals	Pair Corr
0.67	CDIO	Cardio Diagnostics	Pair Corr
0.65	ATNF	180 Life Sciences	Pair Corr
0.64	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.63	PYXS	Pyxis Oncology	Pair Corr
0.62	CGEM	Cullinan Oncology LLC	Pair Corr
0.57	SCLX	Scilex Holding	Pair Corr
0.51	BIIB	Biogen Inc	Pair Corr
0.48	CMND	Clearmind Medicine Common	Pair Corr
0.47	CNSP	Cns Pharmaceuticals Earnings Call This Week	Pair Corr
0.43	CELC	Celcuity LLC Earnings Call Tomorrow	Pair Corr
0.41	PHIO	Phio Pharmaceuticals Corp Earnings Call This Week	Pair Corr
0.34	AVTE	Aerovate Therapeutics	Pair Corr
0.32	SONN	Sonnet Biotherapeutics	Pair Corr

Related Correlations Analysis

	EBS	BHC	NBIX	TEVA	HLN	TAK	ITCI	AMPH	ALVO	ASRT
EBS		0.27	0.85	0.56	-0.85	-0.86	-0.23	0.66	0.87	0.53	EBS
BHC	0.27		0.56	0.64	-0.41	-0.36	-0.54	0.58	0.3	0.34	BHC
NBIX	0.85	0.56		0.72	-0.83	-0.81	-0.35	0.76	0.74	0.49	NBIX
TEVA	0.56	0.64	0.72		-0.73	-0.76	-0.62	0.77	0.72	0.54	TEVA
HLN	-0.85	-0.41	-0.83	-0.73		0.89	0.34	-0.75	-0.91	-0.5	HLN
TAK	-0.86	-0.36	-0.81	-0.76	0.89		0.51	-0.87	-0.86	-0.74	TAK
ITCI	-0.23	-0.54	-0.35	-0.62	0.34	0.51		-0.7	-0.35	-0.74	ITCI
AMPH	0.66	0.58	0.76	0.77	-0.75	-0.87	-0.7		0.67	0.8	AMPH
ALVO	0.87	0.3	0.74	0.72	-0.91	-0.86	-0.35	0.67		0.52	ALVO
ASRT	0.53	0.34	0.49	0.54	-0.5	-0.74	-0.74	0.8	0.52		ASRT
	EBS	BHC	NBIX	TEVA	HLN	TAK	ITCI	AMPH	ALVO	ASRT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

TAK	+ 0.89	HLN
ALVO	+ 0.87	EBS
NBIX	+ 0.85	EBS
ASRT	+ 0.8	AMPH
AMPH	+ 0.77	TEVA
AMPH	+ 0.76	NBIX

High negative correlations

ALVO	- 0.91	HLN
AMPH	- 0.87	TAK
ALVO	- 0.86	TAK
TAK	- 0.86	EBS
HLN	- 0.85	EBS
HLN	- 0.83	NBIX

Risk-Adjusted Indicators

There is a big difference between ANI Stock performing well and ANI Pharmaceuticals 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 ANI Pharmaceuticals' 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
EBS	3.34	(0.43)	0.00	(0.47)	0.00	0.00	6.36	(8.69)	26.05
BHC	1.85	(0.10)	0.00	(1.21)	0.00	0.00	3.77	(3.63)	15.17
NBIX	1.52	(0.12)	0.00	(0.29)	0.00	0.00	2.19	(3.11)	23.54
TEVA	2.20	0.00	0.03	(0.07)	2.96	(2.65)	3.66	(3.46)	40.36
HLN	0.96	0.10	0.09	0.27	1.34	(1.04)	2.02	(2.02)	6.90
TAK	0.84	0.20	0.23	0.83	0.80	(0.93)	2.71	(1.60)	5.19
ITCI	1.64	0.77	0.98	(7.96)	0.00	(1.86)	2.40	(1.34)	34.42
AMPH	1.63	(0.56)	0.00	(1.55)	0.00	0.00	3.23	(4.12)	14.01
ALVO	1.52	(0.01)	0.00	(0.12)	0.00	0.00	4.44	(3.16)	11.96
ASRT	2.17	(0.32)	0.00	(0.85)	0.00	0.00	3.75	(3.70)	14.19

ANI Pharmaceuticals Corporate Management

Meredith Cook	General VP	Profile
Elizabeth JD	Chief Disease	Profile
Krista Davis	Senior Officer	Profile
Muthusamy RPh	COO RD	Profile
Thomas Rowland	Senior Brands	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC