Grifols SA Correlations

GRFS Stock

USD 7.71 0.51 7.08%

The current 90-days correlation between Grifols SA ADR and Biogen Inc is 0.09 (i.e., Significant diversification). The correlation of Grifols SA 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.

Grifols SA Correlation With Market

Significant diversification

The correlation between Grifols SA ADR and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grifols SA ADR 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 Grifols SA ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Grifols Stock

0.73	ERNA	Eterna Therapeutics	Pair Corr
0.63	AMGN	Amgen Inc	Pair Corr
0.65	AVDL	Avadel Pharmaceuticals	Pair Corr

Moving against Grifols Stock

0.75	ESPR	Esperion Therapeutics	Pair Corr
0.63	DYAI	Dyadic International	Pair Corr
0.55	DNA	Ginkgo Bioworks Holdings	Pair Corr
0.47	FLGC	Flora Growth Corp	Pair Corr
0.46	BMY	Bristol Myers Squibb	Pair Corr
0.41	ABCL	Abcellera Biologics	Pair Corr
0.46	TARS	Tarsus Pharmaceuticals	Pair Corr
0.36	BNTX	BioNTech SE	Pair Corr

Related Correlations Analysis

	NVS	AZN	GSK	RHHBY	BMY	MRK	GILD	AMGN	BIIB	SNY
NVS		0.93	0.87	0.88	-0.9	0.84	-0.79	0.88	0.96	0.94	NVS
AZN	0.93		0.89	0.8	-0.86	0.9	-0.84	0.74	0.91	0.91	AZN
GSK	0.87	0.89		0.74	-0.94	0.94	-0.84	0.83	0.94	0.94	GSK
RHHBY	0.88	0.8	0.74		-0.82	0.69	-0.58	0.83	0.86	0.85	RHHBY
BMY	-0.9	-0.86	-0.94	-0.82		-0.88	0.84	-0.88	-0.95	-0.95	BMY
MRK	0.84	0.9	0.94	0.69	-0.88		-0.83	0.75	0.91	0.91	MRK
GILD	-0.79	-0.84	-0.84	-0.58	0.84	-0.83		-0.65	-0.8	-0.83	GILD
AMGN	0.88	0.74	0.83	0.83	-0.88	0.75	-0.65		0.92	0.9	AMGN
BIIB	0.96	0.91	0.94	0.86	-0.95	0.91	-0.8	0.92		0.97	BIIB
SNY	0.94	0.91	0.94	0.85	-0.95	0.91	-0.83	0.9	0.97		SNY
	NVS	AZN	GSK	RHHBY	BMY	MRK	GILD	AMGN	BIIB	SNY

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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

SNY	+ 0.97	BIIB
BIIB	+ 0.96	NVS
SNY	+ 0.94	NVS
MRK	+ 0.94	GSK
BIIB	+ 0.94	GSK
SNY	+ 0.94	GSK

High negative correlations

SNY	- 0.95	BMY
BIIB	- 0.95	BMY
BMY	- 0.94	GSK
BMY	- 0.9	NVS
AMGN	- 0.88	BMY
MRK	- 0.88	BMY

Risk-Adjusted Indicators

There is a big difference between Grifols Stock performing well and Grifols SA 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 Grifols SA'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
NVS	0.68	(0.25)	0.00	(2.55)	0.00	0.00	1.12	(1.52)	6.05
AZN	1.06	(0.26)	0.00	1.75	0.00	0.00	1.32	(2.78)	8.50
GSK	1.12	(0.37)	0.00	(2.43)	0.00	0.00	1.72	(2.54)	8.87
RHHBY	0.94	(0.13)	0.00	0.79	0.00	0.00	1.20	(2.28)	6.63
BMY	1.30	0.33	0.13	(1.09)	1.20	(1.49)	2.23	(2.07)	14.39
MRK	0.93	(0.24)	0.00	(0.80)	0.00	0.00	2.00	(2.17)	5.18
GILD	1.00	0.23	0.09	1.33	1.14	(0.99)	2.17	(1.82)	10.80
AMGN	1.08	(0.37)	0.00	(0.29)	0.00	0.00	1.85	(4.16)	9.43
BIIB	1.06	(0.45)	0.00	(0.49)	0.00	0.00	1.97	(2.60)	6.36
SNY	0.82	(0.30)	0.00	(6.63)	0.00	0.00	1.13	(1.85)	7.81

Grifols SA Corporate Executives

Elected by the shareholders, the Grifols SA's board of directors comprises two types of representatives: Grifols SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grifols. The board's role is to monitor Grifols SA's management team and ensure that shareholders' interests are well served. Grifols SA's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Grifols SA's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Alfredo Guerra	CFO and Corporate VP	Profile
	Alfredo CPA	CFO VP	Profile

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