Collegium Pharmaceutical Correlations

COLL Stock

USD 30.15 0.41 1.34%

The current 90-days correlation between Collegium Pharmaceutical and Phibro Animal Health is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Collegium Pharmaceutical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Collegium Pharmaceutical moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Collegium Pharmaceutical Correlation With Market

Average diversification

The correlation between Collegium Pharmaceutical and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Collegium Pharmaceutical 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 Collegium Pharmaceutical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Collegium Stock please use our How to buy in Collegium Stock guide.

Moving against Collegium Stock

0.55	GILD	Gilead Sciences Potential Growth	Pair Corr
0.48	LLY	Eli Lilly	Pair Corr
0.48	OCX	OncoCyte Corp	Pair Corr
0.43	AZN	AstraZeneca PLC ADR	Pair Corr
0.39	GOSS	Gossamer Bio	Pair Corr
0.36	AMGN	Amgen Inc	Pair Corr
0.33	DRMAW	Dermata Therapeutics	Pair Corr

Related Correlations Analysis

	PAHC	ANIP	PROC	SSIC	AMPH	EGRX	ALKS	EOLS	PBH	RGC
PAHC		0.33	-0.4	0.0	-0.42	0.0	0.61	0.65	0.71	-0.13	PAHC
ANIP	0.33		-0.63	0.0	-0.76	0.0	0.61	0.54	0.55	0.63	ANIP
PROC	-0.4	-0.63		0.0	0.83	0.0	-0.67	-0.61	-0.58	-0.16	PROC
SSIC	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SSIC
AMPH	-0.42	-0.76	0.83	0.0		0.0	-0.81	-0.56	-0.73	-0.42	AMPH
EGRX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	EGRX
ALKS	0.61	0.61	-0.67	0.0	-0.81	0.0		0.79	0.84	0.28	ALKS
EOLS	0.65	0.54	-0.61	0.0	-0.56	0.0	0.79		0.61	0.03	EOLS
PBH	0.71	0.55	-0.58	0.0	-0.73	0.0	0.84	0.61		0.23	PBH
RGC	-0.13	0.63	-0.16	0.0	-0.42	0.0	0.28	0.03	0.23		RGC
	PAHC	ANIP	PROC	SSIC	AMPH	EGRX	ALKS	EOLS	PBH	RGC

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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

PBH	+ 0.84	ALKS
AMPH	+ 0.83	PROC
EOLS	+ 0.79	ALKS
PBH	+ 0.71	PAHC
EOLS	+ 0.65	PAHC
RGC	+ 0.63	ANIP

High negative correlations

ALKS	- 0.81	AMPH
AMPH	- 0.76	ANIP
PBH	- 0.73	AMPH
ALKS	- 0.67	PROC
PROC	- 0.63	ANIP
EOLS	- 0.61	PROC

Risk-Adjusted Indicators

There is a big difference between Collegium Stock performing well and Collegium Pharmaceutical 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 Collegium Pharmaceutical'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
PAHC	2.16	(0.01)	0.00	(0.01)	2.96	(2.23)	3.84	(5.81)	17.81
ANIP	1.65	0.28	0.14	0.24	1.77	(1.93)	3.04	(2.99)	18.94
PROC	6.87	(0.32)	0.00	(1.83)	0.00	0.00	13.54	(16.48)	96.00
SSIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMPH	1.59	(0.54)	0.00	(1.18)	0.00	0.00	3.23	(4.12)	14.01
EGRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALKS	1.36	0.15	0.11	0.31	1.31	(1.65)	3.78	(2.48)	10.24
EOLS	2.94	0.17	0.05	0.08	2.90	(3.42)	5.47	(4.93)	35.35
PBH	1.31	0.10	0.07	0.15	1.36	(1.55)	2.22	(2.43)	17.56
RGC	12.70	5.81	0.75	(0.70)	5.57	(18.44)	46.25	(10.59)	265.55

Collegium Pharmaceutical Corporate Management

Shirley JD	General VP	Profile
Bart Dunn	Executive Development	Profile
Scott Sudduth	Head Operations	Profile
Christopher MD	Vice Relations	Profile
Marlo Manning	Head HR	Profile

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