AptarGroup Correlations

ATR Stock

USD 156.38 0.35 0.22%

The current 90-days correlation between AptarGroup and ICU Medical is 0.36 (i.e., Weak diversification). The correlation of AptarGroup 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.

AptarGroup Correlation With Market

Poor diversification

The correlation between AptarGroup and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AptarGroup and DJI in the same portfolio, assuming nothing else is changed.

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Moving together with AptarGroup Stock

0.68	KRMD	Repro Med Systems	Pair Corr
0.63	EPRX	Eupraxia Pharmaceuticals	Pair Corr
0.77	CRL	Charles River Labora	Pair Corr
0.77	CYH	Community Health Systems Earnings Call This Week	Pair Corr

Moving against AptarGroup Stock

0.74	VINC	Vincerx Pharma, Common	Pair Corr
0.72	AGL	agilon health	Pair Corr
0.72	IMTXW	Immatics Biotechnologies	Pair Corr
0.62	BNGO	Bionano Genomics	Pair Corr
0.58	VRPX	Virpax Pharmaceuticals	Pair Corr
0.48	AMS	American Shared Hospital	Pair Corr
0.46	EUDA	EUDA Health Holdings	Pair Corr
0.42	RGEN	Repligen	Pair Corr
0.33	AVGR	Avinger	Pair Corr
0.32	LMAT	LeMaitre Vascular	Pair Corr
0.32	OCEAW	Ocean Biomedical	Pair Corr
0.61	FOXO	FOXO Technologies	Pair Corr
0.61	ELV	Elevance Health	Pair Corr
0.61	HUM	Humana Inc	Pair Corr
0.53	CHE	Chemed Corp Earnings Call This Week	Pair Corr
0.52	CNC	Centene Corp Earnings Call This Week	Pair Corr
0.49	FTRE	Fortrea Holdings Downward Rally	Pair Corr

Related Correlations Analysis

	ICUI	ANGO	HAE	COO	SLGN	CSL	SON	DCI	BRC
ICUI		-0.03	-0.36	0.59	-0.29	0.0	-0.06	-0.28	0.51	ICUI
ANGO	-0.03		0.16	-0.54	0.08	-0.37	0.0	0.21	-0.21	ANGO
HAE	-0.36	0.16		-0.55	0.84	0.58	0.49	0.92	0.04	HAE
COO	0.59	-0.54	-0.55		-0.31	0.22	0.04	-0.41	0.53	COO
SLGN	-0.29	0.08	0.84	-0.31		0.68	0.58	0.93	0.29	SLGN
CSL	0.0	-0.37	0.58	0.22	0.68		0.69	0.68	0.56	CSL
SON	-0.06	0.0	0.49	0.04	0.58	0.69		0.6	0.28	SON
DCI	-0.28	0.21	0.92	-0.41	0.93	0.68	0.6		0.26	DCI
BRC	0.51	-0.21	0.04	0.53	0.29	0.56	0.28	0.26		BRC
	ICUI	ANGO	HAE	COO	SLGN	CSL	SON	DCI	BRC

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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

DCI	+ 0.93	SLGN
DCI	+ 0.92	HAE
SLGN	+ 0.84	HAE
SON	+ 0.69	CSL
CSL	+ 0.68	SLGN
DCI	+ 0.68	CSL

High negative correlations

COO	- 0.55	HAE
COO	- 0.54	ANGO
DCI	- 0.41	COO
CSL	- 0.37	ANGO
HAE	- 0.36	ICUI
SLGN	- 0.31	COO

Risk-Adjusted Indicators

There is a big difference between AptarGroup Stock performing well and AptarGroup 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 AptarGroup'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
ICUI	1.68	(0.32)	0.00	(0.19)	0.00	0.00	3.69	(3.98)	11.56
ANGO	2.17	(0.31)	0.00	(0.11)	0.00	0.00	5.05	(4.32)	23.06
HAE	1.34	0.16	0.11	0.27	1.32	(1.54)	2.92	(2.42)	9.24
COO	1.46	(0.22)	0.00	(0.12)	0.00	0.00	2.32	(2.52)	17.24
SLGN	0.99	0.05	0.04	0.19	0.83	(1.26)	2.32	(1.81)	6.23
CSL	1.28	0.07	0.07	0.19	1.28	(1.54)	3.13	(2.71)	9.88
SON	1.42	(0.05)	(0.02)	0.09	2.43	(1.52)	3.52	(1.85)	15.92
DCI	0.87	0.03	0.03	0.16	0.73	(1.01)	2.59	(1.48)	6.30
BRC	1.01	(0.09)	(0.07)	0.03	1.56	(0.99)	2.50	(1.85)	9.01

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