Emergent Biosolutions Correlations

EBS Stock

USD 5.82 0.10 1.75%

The correlation of Emergent Biosolutions 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.

Emergent Biosolutions Correlation With Market

Modest diversification

The correlation between Emergent Biosolutions and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emergent Biosolutions and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Emergent Biosolutions. 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 labor statistics.

For more information on how to buy Emergent Stock please use our How to Invest in Emergent Biosolutions guide.

Moving together with Emergent Stock

0.7	SCLX	Scilex Holding	Pair Corr
0.73	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.78	CMND	Clearmind Medicine Common	Pair Corr
0.64	MLSS	Milestone Scientific Earnings Call This Week	Pair Corr
0.8	CAT	Caterpillar	Pair Corr
0.82	HD	Home Depot	Pair Corr
0.67	DIS	Walt Disney	Pair Corr
0.7	MSFT	Microsoft	Pair Corr

Moving against Emergent Stock

0.65	LUCD	Lucid Diagnostics	Pair Corr
0.57	PG	Procter Gamble	Pair Corr
0.51	WM	Waste Management	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.68	T	ATT Inc Earnings Call Today	Pair Corr
0.49	INTC	Intel	Pair Corr
0.42	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.39	IBM	International Business	Pair Corr
0.31	CVX	Chevron Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	ZTS	PETQ	BHC	NBIX	AKAN	LFCR	PBH	ITCI	IZQVF	ALKS
ZTS		0.0	0.04	0.33	-0.02	-0.09	0.01	0.11	0.0	-0.15	ZTS
PETQ	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PETQ
BHC	0.04	0.0		0.56	-0.23	0.43	-0.68	-0.54	0.0	-0.61	BHC
NBIX	0.33	0.0	0.56		0.01	0.2	-0.8	-0.35	0.0	-0.76	NBIX
AKAN	-0.02	0.0	-0.23	0.01		-0.6	0.2	0.37	0.0	0.24	AKAN
LFCR	-0.09	0.0	0.43	0.2	-0.6		-0.32	-0.73	0.0	-0.52	LFCR
PBH	0.01	0.0	-0.68	-0.8	0.2	-0.32		0.51	0.0	0.83	PBH
ITCI	0.11	0.0	-0.54	-0.35	0.37	-0.73	0.51		0.0	0.68	ITCI
IZQVF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	IZQVF
ALKS	-0.15	0.0	-0.61	-0.76	0.24	-0.52	0.83	0.68	0.0		ALKS
	ZTS	PETQ	BHC	NBIX	AKAN	LFCR	PBH	ITCI	IZQVF	ALKS

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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

ALKS	+ 0.83	PBH
ALKS	+ 0.68	ITCI
NBIX	+ 0.56	BHC
ITCI	+ 0.51	PBH
LFCR	+ 0.43	BHC
ITCI	+ 0.37	AKAN

High negative correlations

PBH	- 0.8	NBIX
ALKS	- 0.76	NBIX
ITCI	- 0.73	LFCR
PBH	- 0.68	BHC
ALKS	- 0.61	BHC
LFCR	- 0.6	AKAN

Risk-Adjusted Indicators

There is a big difference between Emergent Stock performing well and Emergent Biosolutions 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 Emergent Biosolutions' 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
ZTS	1.26	(0.10)	0.00	(0.30)	0.00	0.00	1.99	(2.85)	7.77
PETQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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
AKAN	3.27	0.24	0.04	0.08	3.88	(3.86)	8.28	(6.13)	25.81
LFCR	2.81	(0.12)	0.00	(0.30)	0.00	0.00	3.85	(7.10)	28.39
PBH	1.32	0.09	0.08	0.08	1.42	(1.56)	2.22	(2.43)	17.56
ITCI	1.64	0.77	0.98	(7.96)	0.00	(1.86)	2.40	(1.34)	34.42
IZQVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALKS	1.32	0.23	0.19	0.46	1.24	(1.61)	3.78	(2.44)	10.24

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