Gilead Sciences Correlations

GILD Stock

USD 107.08 1.21 1.14%

The current 90-days correlation between Gilead Sciences and Amgen Inc is 0.04 (i.e., Significant diversification). The correlation of Gilead Sciences 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.

Gilead Sciences Correlation With Market

Good diversification

The correlation between Gilead Sciences and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gilead Sciences and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gilead Sciences. 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 information on how to trade Gilead Stock refer to our How to Trade Gilead Stock guide.

Moving together with Gilead Stock

0.85	CMRX	Chimerix	Pair Corr
0.89	CPIX	Cumberland Pharmaceuticals	Pair Corr
0.77	FNA	Paragon 28	Pair Corr
0.8	INMD	InMode	Pair Corr
0.85	LUCD	Lucid Diagnostics	Pair Corr
0.76	LUNG	Pulmonx Corp	Pair Corr
0.81	NVRO	Nevro Corp	Pair Corr
0.66	PKX	POSCO Holdings	Pair Corr

Moving against Gilead Stock

0.87	CLDX	Celldex Therapeutics	Pair Corr
0.86	GKOS	Glaukos Corp	Pair Corr
0.79	SNDL	SNDL Inc	Pair Corr
0.76	EYEN	Eyenovia	Pair Corr
0.73	MOLN	Molecular Partners	Pair Corr
0.67	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.67	ELMD	Electromed	Pair Corr
0.66	CRVS	Corvus Pharmaceuticals	Pair Corr
0.64	IPA	Immunoprecise Antibodies	Pair Corr
0.45	VOR	Vor Biopharma	Pair Corr
0.91	MODD	Modular Medical	Pair Corr
0.82	LIVN	LivaNova PLC	Pair Corr
0.79	APYX	Apyx Medical	Pair Corr
0.77	ITGR	Integer Holdings Corp	Pair Corr
0.74	SGHT	Sight Sciences	Pair Corr
0.66	OTRK	Ontrak Inc	Pair Corr
0.65	MDAI	Spectral AI	Pair Corr
0.54	INGN	Inogen Inc	Pair Corr
0.41	AXDX	Accelerate Diagnostics Earnings Call This Week	Pair Corr
0.87	SRDX	SurModics	Pair Corr
0.87	CNMD	CONMED	Pair Corr
0.8	KB	KB Financial Group	Pair Corr
0.64	RKV	Rakovina Therapeutics	Pair Corr
0.45	HYMTF	Hyundai Motor	Pair Corr

Related Correlations Analysis

	AMGN	MRK	ABBV	JNJ	BMY	PFE	LLY	AZN
AMGN		-0.59	0.94	0.97	0.6	0.15	0.78	0.97	AMGN
MRK	-0.59		-0.54	-0.57	0.01	0.18	-0.68	-0.62	MRK
ABBV	0.94	-0.54		0.94	0.57	0.09	0.77	0.94	ABBV
JNJ	0.97	-0.57	0.94		0.56	0.19	0.82	0.97	JNJ
BMY	0.6	0.01	0.57	0.56		0.35	0.3	0.54	BMY
PFE	0.15	0.18	0.09	0.19	0.35		0.1	0.14	PFE
LLY	0.78	-0.68	0.77	0.82	0.3	0.1		0.81	LLY
AZN	0.97	-0.62	0.94	0.97	0.54	0.14	0.81		AZN
	AMGN	MRK	ABBV	JNJ	BMY	PFE	LLY	AZN

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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

JNJ	+ 0.97	AMGN
AZN	+ 0.97	AMGN
AZN	+ 0.97	JNJ
ABBV	+ 0.94	AMGN
JNJ	+ 0.94	ABBV
AZN	+ 0.94	ABBV

High negative correlations

LLY	- 0.68	MRK
AZN	- 0.62	MRK
MRK	- 0.59	AMGN
JNJ	- 0.57	MRK
ABBV	- 0.54	MRK

Risk-Adjusted Indicators

There is a big difference between Gilead Stock performing well and Gilead Sciences 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 Gilead Sciences' 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
AMGN	1.06	0.26	0.20	0.46	1.26	(1.08)	2.22	(2.59)	9.76
MRK	1.15	(0.08)	0.00	1.02	0.00	0.00	2.07	(1.80)	11.58
ABBV	1.05	0.29	0.38	(1.27)	0.69	(1.26)	2.37	(1.47)	6.46
JNJ	0.87	0.18	0.21	3.17	0.90	(0.90)	1.79	(1.81)	5.95
BMY	1.19	0.11	0.09	(4.59)	1.76	(1.07)	3.18	(2.80)	7.43
PFE	1.03	0.08	0.12	0.52	1.13	(1.11)	2.20	(2.04)	7.11
LLY	1.51	0.07	0.07	(0.37)	2.14	(1.56)	2.45	(4.21)	10.31
AZN	0.95	0.23	0.24	1.37	0.99	(1.04)	2.00	(1.91)	5.20

Gilead Sciences Corporate Management

SeeChun MD	VP Oncology	Profile
Monica Tijerina	Clinical Manufacturing	Profile
Johanna Mercier	Chief Commercial Officer	Profile
Bilal Piperdi	Vice Oncology	Profile
Jackson Egen	Vice Oncology	Profile

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