Lantheus Holdings Correlations

LNTH Stock

USD 97.71 1.14 1.15%

The current 90-days correlation between Lantheus Holdings and Neurocrine Biosciences is -0.02 (i.e., Good diversification). The correlation of Lantheus Holdings 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.

Lantheus Holdings Correlation With Market

Significant diversification

The correlation between Lantheus Holdings and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lantheus Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lantheus Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in Lantheus Stock please use our How to Invest in Lantheus Holdings guide.

Moving together with Lantheus Stock

0.61

ORGO

Organogenesis Holdings

Pair Corr

Moving against Lantheus Stock

0.76	EVOK	Evoke Pharma	Pair Corr
0.71	EVO	Evotec SE ADR	Pair Corr
0.57	ACB	Aurora Cannabis	Pair Corr
0.47	VTRS	Viatris	Pair Corr
0.4	EBS	Emergent Biosolutions	Pair Corr
0.33	CGC	Canopy Growth Corp	Pair Corr
0.32	SBFMW	Sunshine Biopharma	Pair Corr
0.31	FLGC	Flora Growth Corp	Pair Corr
0.46	RDHL	Redhill Biopharma	Pair Corr
0.45	YCBD	cbdMD Inc	Pair Corr
0.43	GELS	Gelteq Limited Ordinary	Pair Corr
0.4	QNTM	Quantum BioPharma Symbol Change	Pair Corr
0.38	HROW	Harrow Health	Pair Corr
0.37	OGI	OrganiGram Holdings	Pair Corr
0.35	PCRX	Pacira BioSciences,	Pair Corr
0.34	PAHC	Phibro Animal Health	Pair Corr

Related Correlations Analysis

	NBIX	DCPH	IRWD	ALKS	AVDL	ANIP	RDY	COLL	PCRX
NBIX		0.0	0.71	-0.76	0.12	-0.47	0.58	0.61	-0.2	NBIX
DCPH	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	DCPH
IRWD	0.71	0.0		-0.87	0.59	-0.71	0.86	0.32	-0.72	IRWD
ALKS	-0.76	0.0	-0.87		-0.49	0.61	-0.84	-0.42	0.66	ALKS
AVDL	0.12	0.0	0.59	-0.49		-0.5	0.6	-0.31	-0.73	AVDL
ANIP	-0.47	0.0	-0.71	0.61	-0.5		-0.61	-0.01	0.57	ANIP
RDY	0.58	0.0	0.86	-0.84	0.6	-0.61		0.21	-0.64	RDY
COLL	0.61	0.0	0.32	-0.42	-0.31	-0.01	0.21		0.14	COLL
PCRX	-0.2	0.0	-0.72	0.66	-0.73	0.57	-0.64	0.14		PCRX
	NBIX	DCPH	IRWD	ALKS	AVDL	ANIP	RDY	COLL	PCRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

RDY	+ 0.86	IRWD
IRWD	+ 0.71	NBIX
PCRX	+ 0.66	ALKS
COLL	+ 0.61	NBIX
ANIP	+ 0.61	ALKS
RDY	+ 0.6	AVDL

High negative correlations

ALKS	- 0.87	IRWD
RDY	- 0.84	ALKS
ALKS	- 0.76	NBIX
PCRX	- 0.73	AVDL
PCRX	- 0.72	IRWD
ANIP	- 0.71	IRWD

Risk-Adjusted Indicators

There is a big difference between Lantheus Stock performing well and Lantheus Holdings 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 Lantheus Holdings' 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
NBIX	1.52	(0.12)	0.00	(0.29)	0.00	0.00	2.19	(3.11)	23.54
DCPH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IRWD	4.06	(1.02)	0.00	(0.67)	0.00	0.00	4.17	(10.26)	52.86
ALKS	1.32	0.23	0.19	0.46	1.24	(1.61)	3.78	(2.44)	10.24
AVDL	2.55	(0.12)	0.00	(0.16)	0.00	0.00	5.20	(4.23)	31.30
ANIP	1.63	0.28	0.15	0.20	1.77	(1.95)	3.04	(2.99)	18.94
RDY	1.10	(0.20)	0.00	8.18	0.00	0.00	1.86	(2.79)	8.19
COLL	1.74	0.04	0.04	0.06	1.93	(1.88)	3.47	(3.02)	18.67
PCRX	2.06	0.35	0.15	0.95	2.28	(2.21)	4.65	(4.11)	16.33

Lantheus Holdings Corporate Management

Lee Howe	Chief Officer	Profile
Daniel Niedzwiecki	General Officer	Profile
Dorothy Barr	Senior Operations	Profile
Paul Blanchfield	Chief Officer	Profile
Amanda Morgan	Senior Commercial	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC