AptarGroup Correlations

ATR Stock

USD 122.75 0.56 0.46%

The current 90-days correlation between AptarGroup and Masimo is 0.17 (i.e., Average 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

Average diversification

The correlation between AptarGroup and DJI is 0.13 (i.e., Average 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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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AptarGroup. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

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

Moving together with AptarGroup Stock

0.86	SLGN	Silgan Holdings	Pair Corr
0.76	PCTTW	PureCycle Technologies	Pair Corr
0.83	GCMGW	GCM Grosvenor	Pair Corr
0.74	EQC	Equity Commonwealth	Pair Corr

Moving against AptarGroup Stock

0.8	002787	Suzhou Hycan Holdings	Pair Corr
0.76	603021	Shandong Huapeng Glass	Pair Corr
0.54	MYE	Myers Industries	Pair Corr
0.51	002652	Suzhou Yangtze New	Pair Corr
0.46	601968	Shanghai Baosteel	Pair Corr
0.37	AMCR	Amcor PLC	Pair Corr
0.34	CCK	Crown Holdings	Pair Corr
0.61	CDIV	Cascadia Investments	Pair Corr
0.51	47215PAC0	JD INC 3875	Pair Corr
0.49	KALMF	Kalgoorlie Gold Mining	Pair Corr
0.44	SPGI	SP Global	Pair Corr
0.43	YETI	YETI Holdings	Pair Corr
0.38	SRRTF	Slate Grocery REIT	Pair Corr
0.36	RYOJ	rYojbaba Co,	Pair Corr

Related Correlations Analysis

	MASI	STVN	HSIC	AVTR	HALO	GRFS	MOH	TFX	GMED	RGEN
MASI		0.46	-0.54	0.56	0.11	0.16	0.19	-0.07	-0.39	-0.2	MASI
STVN	0.46		-0.76	0.65	0.38	0.65	0.49	0.35	-0.81	-0.31	STVN
HSIC	-0.54	-0.76		-0.74	-0.04	-0.67	-0.59	-0.35	0.88	0.47	HSIC
AVTR	0.56	0.65	-0.74		-0.04	0.62	0.66	0.56	-0.64	-0.08	AVTR
HALO	0.11	0.38	-0.04	-0.04		0.16	0.05	-0.41	-0.21	-0.14	HALO
GRFS	0.16	0.65	-0.67	0.62	0.16		0.86	0.65	-0.8	-0.37	GRFS
MOH	0.19	0.49	-0.59	0.66	0.05	0.86		0.6	-0.72	-0.37	MOH
TFX	-0.07	0.35	-0.35	0.56	-0.41	0.65	0.6		-0.42	0.07	TFX
GMED	-0.39	-0.81	0.88	-0.64	-0.21	-0.8	-0.72	-0.42		0.57	GMED
RGEN	-0.2	-0.31	0.47	-0.08	-0.14	-0.37	-0.37	0.07	0.57		RGEN
	MASI	STVN	HSIC	AVTR	HALO	GRFS	MOH	TFX	GMED	RGEN

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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

GMED	+ 0.88	HSIC
MOH	+ 0.86	GRFS
MOH	+ 0.66	AVTR
AVTR	+ 0.65	STVN
GRFS	+ 0.65	STVN
TFX	+ 0.65	GRFS

High negative correlations

GMED	- 0.81	STVN
GMED	- 0.8	GRFS
HSIC	- 0.76	STVN
AVTR	- 0.74	HSIC
GMED	- 0.72	MOH
GRFS	- 0.67	HSIC

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
MASI	1.53	(0.12)	0.00	(0.15)	0.00	0.00	3.02	(2.88)	7.84
STVN	2.14	(0.46)	0.00	(0.21)	0.00	0.00	5.70	(4.32)	12.08
HSIC	1.21	0.15	0.09	0.31	1.32	(1.34)	2.28	(2.17)	13.49
AVTR	2.24	(0.16)	0.00	(0.05)	0.00	0.00	5.41	(4.39)	32.74
HALO	1.41	(0.22)	0.00	(0.56)	0.00	0.00	2.79	(2.91)	9.83
GRFS	1.25	(0.13)	0.00	(0.13)	0.00	0.00	2.29	(3.13)	8.69
MOH	1.96	(0.17)	0.00	(0.11)	0.00	0.00	3.97	(3.94)	21.96
TFX	1.86	(0.06)	(0.01)	0.02	2.83	(2.09)	3.98	(2.93)	17.32
GMED	2.01	0.68	0.48	0.52	0.99	(2.83)	3.67	(2.31)	38.40
RGEN	2.10	0.44	0.21	0.36	1.90	(2.59)	5.28	(2.78)	15.00

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