Pharmagen Correlations

The current 90-days correlation between Pharmagen and Akso Health Group is -0.17 (i.e., Good diversification). The correlation of Pharmagen 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.

Pharmagen Correlation With Market

Average diversification

The correlation between Pharmagen and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pharmagen and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pharmagen. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with Pharmagen Stock

0.69	OM	Outset Medical	Pair Corr
0.68	VREX	Varex Imaging Corp	Pair Corr
0.82	VVOS	Vivos Therapeutics Earnings Call This Week	Pair Corr
0.74	EKSO	Ekso Bionics Holdings	Pair Corr
0.79	ELAB	Elevai Labs, Common Trending	Pair Corr
0.83	EMBC	Embecta Corp	Pair Corr
0.79	WORX	Scworx Corp	Pair Corr
0.74	FIGS	Figs Inc	Pair Corr
0.72	FLGT	Fulgent Genetics	Pair Corr
0.71	AMS	American Shared Hospital Earnings Call This Week	Pair Corr
0.62	XAIR	Beyond Air	Pair Corr
0.88	AWH	Aspira Womens Health Earnings Call This Week	Pair Corr

Moving against Pharmagen Stock

0.91	ABT	Abbott Laboratories	Pair Corr
0.78	LH	Laboratory	Pair Corr
0.76	DOCS	Doximity	Pair Corr
0.72	FEMY	Femasys	Pair Corr
0.7	CI	Cigna Corp	Pair Corr
0.69	EDAP	EDAP TMS SA	Pair Corr
0.68	GH	Guardant Health	Pair Corr
0.68	EHAB	Enhabit	Pair Corr
0.61	VEEV	Veeva Systems Class	Pair Corr
0.49	MD	Mednax Inc	Pair Corr
0.89	DGX	Quest Diagnostics	Pair Corr
0.85	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.82	ALC	Alcon AG Sell-off Trend	Pair Corr
0.78	AGL	agilon health	Pair Corr
0.78	COR	Cencora	Pair Corr
0.75	BSX	Boston Scientific Corp	Pair Corr
0.69	BAX	Baxter International	Pair Corr
0.69	CHE	Chemed Corp	Pair Corr

Related Correlations Analysis

	AHG	NSRS	PDMI	SCIE	ITNS	NPHC
AHG		0.42	0.0	0.0	0.02	-0.31	AHG
NSRS	0.42		0.0	0.0	0.11	-0.36	NSRS
PDMI	0.0	0.0		0.0	0.0	0.0	PDMI
SCIE	0.0	0.0	0.0		0.0	0.0	SCIE
ITNS	0.02	0.11	0.0	0.0		0.05	ITNS
NPHC	-0.31	-0.36	0.0	0.0	0.05		NPHC
	AHG	NSRS	PDMI	SCIE	ITNS	NPHC

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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

NSRS	+ 0.42	AHG
ITNS	+ 0.11	NSRS
NPHC	+ 0.05	ITNS
ITNS	+ 0.02	AHG
PDMI	+ 0.0	AHG
SCIE	+ 0.0	AHG

High negative correlations

NPHC	- 0.36	NSRS
NPHC	- 0.31	AHG
NPHC	- 0.0	SCIE
ITNS	- 0.0	SCIE
NPHC	- 0.0	PDMI
ITNS	- 0.0	PDMI

Risk-Adjusted Indicators

There is a big difference between Pharmagen Stock performing well and Pharmagen 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 Pharmagen'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
AHG	6.21	0.45	0.13	(0.22)	6.39	(8.13)	15.91	(10.20)	82.26
NSRS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PDMI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCIE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ITNS	5.52	0.42	0.03	(0.29)	7.43	(29.17)	25.00	(20.00)	58.33
NPHC	2.98	1.84	0.00	0.44	0.00	0.00	0.00	0.00	100.00

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