Bausch Lomb Correlations

BLCO Stock

USD 15.56 0.19 1.21%

The current 90-days correlation between Bausch Lomb Corp and The Cooper Companies, is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bausch Lomb moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bausch Lomb Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bausch Lomb Correlation With Market

Average diversification

The correlation between Bausch Lomb Corp and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bausch Lomb Corp 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 Bausch Lomb Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Bausch Stock

0.62

EYEN

Eyenovia

Pair Corr

Moving against Bausch Stock

0.72	VZ	Verizon Communications	Pair Corr
0.67	JNJ	Johnson Johnson	Pair Corr
0.66	T	ATT Inc Earnings Call This Week	Pair Corr
0.65	MCD	McDonalds	Pair Corr
0.61	NVRO	Nevro Corp	Pair Corr
0.59	CMRX	Chimerix	Pair Corr
0.54	BKLRF	Berkeley Energy	Pair Corr
0.52	IBM	International Business	Pair Corr
0.49	INTC	Intel	Pair Corr
0.46	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.45	DD	Dupont De Nemours	Pair Corr
0.4	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.33	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	COO	ICUI	HOLX	BDX	TFX	WST	ALC	RMD	AKYA	ATRC
COO		0.72	0.7	0.59	0.56	0.7	-0.02	0.8	0.77	0.49	COO
ICUI	0.72		0.65	0.64	0.77	0.63	-0.28	0.69	0.86	0.42	ICUI
HOLX	0.7	0.65		0.61	0.66	0.86	-0.51	0.57	0.82	-0.13	HOLX
BDX	0.59	0.64	0.61		0.41	0.62	0.05	0.72	0.73	0.45	BDX
TFX	0.56	0.77	0.66	0.41		0.61	-0.43	0.46	0.73	0.13	TFX
WST	0.7	0.63	0.86	0.62	0.61		-0.49	0.56	0.86	0.02	WST
ALC	-0.02	-0.28	-0.51	0.05	-0.43	-0.49		0.13	-0.39	0.58	ALC
RMD	0.8	0.69	0.57	0.72	0.46	0.56	0.13		0.75	0.61	RMD
AKYA	0.77	0.86	0.82	0.73	0.73	0.86	-0.39	0.75		0.26	AKYA
ATRC	0.49	0.42	-0.13	0.45	0.13	0.02	0.58	0.61	0.26		ATRC
	COO	ICUI	HOLX	BDX	TFX	WST	ALC	RMD	AKYA	ATRC

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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

AKYA	+ 0.86	ICUI
WST	+ 0.86	HOLX
AKYA	+ 0.86	WST
AKYA	+ 0.82	HOLX
RMD	+ 0.8	COO
AKYA	+ 0.77	COO

High negative correlations

ALC	- 0.51	HOLX
ALC	- 0.49	WST
ALC	- 0.43	TFX
AKYA	- 0.39	ALC
ALC	- 0.28	ICUI
ATRC	- 0.13	HOLX

Risk-Adjusted Indicators

There is a big difference between Bausch Stock performing well and Bausch Lomb 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 Bausch Lomb'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
COO	1.37	(0.15)	0.00	(0.30)	0.00	0.00	2.11	(2.42)	9.15
ICUI	1.74	0.01	0.00	(0.06)	0.00	0.00	3.10	(3.61)	11.84
HOLX	1.13	(0.25)	0.00	(0.90)	0.00	0.00	1.83	(2.07)	12.53
BDX	0.87	0.06	0.07	0.12	1.50	(0.89)	1.72	(1.60)	9.44
TFX	1.51	(0.29)	0.00	(0.68)	0.00	0.00	2.59	(3.15)	24.93
WST	2.13	(0.45)	0.00	1.99	0.00	0.00	3.56	(2.83)	40.71
ALC	1.11	0.16	0.12	0.12	1.31	(1.18)	2.41	(2.22)	8.26
RMD	1.32	(0.03)	0.00	(0.11)	0.00	0.00	2.02	(2.71)	11.67
AKYA	3.55	(0.43)	0.00	(1.34)	0.00	0.00	6.11	(7.04)	25.17
ATRC	2.20	0.28	0.08	0.15	3.19	(2.09)	4.56	(4.77)	16.13

Bausch Lomb Corporate Management

Frederick Munsch	Controller VP	Profile
Joseph Gordon	Surgical Consumer	Profile
Asli Gevgilili	Executive Officer	Profile
Christina Ackermann	Gen VP	Profile
Dennis Asharin	Ex Officer	Profile
Yehia MD	Executive officer	Profile

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