Supernus Pharmaceuticals Correlations

SUPN Stock

USD 31.82 0.17 0.53%

The current 90-days correlation between Supernus Pharmaceuticals and Prestige Brand Holdings is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Supernus Pharmaceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Supernus Pharmaceuticals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Supernus Pharmaceuticals Correlation With Market

Average diversification

The correlation between Supernus Pharmaceuticals and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Supernus Pharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Supernus Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in Supernus Stock, please use our How to Invest in Supernus Pharmaceuticals guide.

Moving together with Supernus Stock

0.73	A	Agilent Technologies	Pair Corr
0.85	VCEL	Vericel Corp Ord Downward Rally	Pair Corr
0.76	VCYT	Veracyte	Pair Corr

Moving against Supernus Stock

0.72	DVAX	Dynavax Technologies	Pair Corr
0.53	ENTA	Enanta Pharmaceuticals	Pair Corr
0.49	EDIT	Editas Medicine	Pair Corr
0.33	VTVT	vTv Therapeutics Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PBH	EVO	COLL	DCPH	EGRX	ANIP	PAHC	PCRX	RDY	SSIC
PBH		0.28	-0.39	0.0	0.0	0.43	0.77	0.21	-0.64	0.0	PBH
EVO	0.28		-0.22	0.0	0.0	-0.04	0.32	-0.27	0.12	0.0	EVO
COLL	-0.39	-0.22		0.0	0.0	0.21	-0.26	0.13	0.16	0.0	COLL
DCPH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	DCPH
EGRX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	EGRX
ANIP	0.43	-0.04	0.21	0.0	0.0		0.54	0.58	-0.65	0.0	ANIP
PAHC	0.77	0.32	-0.26	0.0	0.0	0.54		0.3	-0.58	0.0	PAHC
PCRX	0.21	-0.27	0.13	0.0	0.0	0.58	0.3		-0.66	0.0	PCRX
RDY	-0.64	0.12	0.16	0.0	0.0	-0.65	-0.58	-0.66		0.0	RDY
SSIC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SSIC
	PBH	EVO	COLL	DCPH	EGRX	ANIP	PAHC	PCRX	RDY	SSIC

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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

PAHC	+ 0.77	PBH
PCRX	+ 0.58	ANIP
PAHC	+ 0.54	ANIP
ANIP	+ 0.43	PBH
PAHC	+ 0.32	EVO
PCRX	+ 0.3	PAHC

High negative correlations

RDY	- 0.66	PCRX
RDY	- 0.65	ANIP
RDY	- 0.64	PBH
RDY	- 0.58	PAHC
COLL	- 0.39	PBH
PCRX	- 0.27	EVO

Risk-Adjusted Indicators

There is a big difference between Supernus Stock performing well and Supernus Pharmaceuticals 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 Supernus Pharmaceuticals' 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
PBH	1.22	0.09	0.09	0.09	1.30	(1.41)	1.87	(2.10)	17.56
EVO	2.58	(0.23)	0.00	(0.70)	0.00	0.00	4.45	(6.10)	19.07
COLL	1.74	(0.08)	0.00	(0.21)	0.00	0.00	3.07	(3.32)	18.67
DCPH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EGRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ANIP	1.58	0.14	0.06	0.06	1.96	(1.70)	2.64	(3.64)	18.94
PAHC	1.98	(0.01)	0.04	(0.06)	2.69	(2.15)	3.87	(5.07)	17.07
PCRX	2.42	0.56	0.23	79.73	2.19	(2.80)	5.32	(4.11)	19.69
RDY	1.09	(0.13)	0.00	(0.99)	0.00	0.00	1.90	(2.79)	10.15
SSIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Supernus Pharmaceuticals Corporate Management

Padmanabh Bhatt	Chief Scientific Officer and Sr. VP of Intellectual Property	Profile
Tami Martin	VP Affairs	Profile
Jeff Bozick	Senior Chain	Profile
Kevin Esq	Compliance Officer	Profile
Taylor Raiford	Senior Sales	Profile
Bryan Roecklein	Senior Development	Profile

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