Viatris Correlations
| VTRS Stock | USD 13.22 0.14 1.07% |
The correlation of Viatris 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.
Viatris Correlation With Market
Average diversification
The correlation between Viatris 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 Viatris and DJI in the same portfolio, assuming nothing else is changed.
Viatris |
Moving together with Viatris Stock
| 0.9 | FNMFO | Federal National Mortgage Upward Rally | PairCorr |
| 0.64 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.74 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.66 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.86 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.83 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.76 | WMT | Walmart Aggressive Push | PairCorr |
| 0.77 | CVX | Chevron Corp Sell-off Trend | PairCorr |
Moving against Viatris Stock
| 0.83 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.72 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.7 | HLN | Haleon plc | PairCorr |
| 0.68 | BCH | Banco De Chile | PairCorr |
| 0.6 | ANRO | Alto Neuroscience, | PairCorr |
| 0.49 | SHG | Shinhan Financial | PairCorr |
| 0.44 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.65 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Related Correlations Analysis
| -0.25 | -0.47 | 0.64 | 0.29 | BHC | ||
| -0.25 | -0.35 | 0.39 | -0.05 | NBIX | ||
| -0.47 | -0.35 | -0.79 | 0.11 | HLN | ||
| 0.64 | 0.39 | -0.79 | -0.02 | ITCI | ||
| 0.29 | -0.05 | 0.11 | -0.02 | AMPH | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Viatris Stock performing well and Viatris 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 Viatris' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BHC | 2.04 | 0.53 | 0.22 | (3.04) | 1.48 | 6.30 | 17.92 | |||
| NBIX | 1.53 | (0.41) | 0.00 | (0.18) | 0.00 | 3.10 | 18.87 | |||
| HLN | 0.76 | (0.05) | 0.00 | (0.66) | 0.00 | 1.25 | 4.56 | |||
| ITCI | 1.34 | 0.16 | 0.09 | 0.33 | 1.32 | 3.04 | 16.17 | |||
| AMPH | 1.62 | (0.21) | 0.00 | (0.07) | 0.00 | 3.37 | 17.30 |
Viatris Corporate Management
| Melissa Trombetta | Head Relations | Profile | |
| Andrew Enrietti | Chief Officer | Profile | |
| Theodora Mistras | Chief Officer | Profile | |
| David Bayles | Chief Officer | Profile | |
| Sanjeev Sethi | Chief Officer | Profile | |
| Ramkumar Rayapureddy | Chief Officer | Profile |