AptarGroup Correlations

ATR Stock

USD 134.14 0.48 0.36%

The current 90-days correlation between AptarGroup and ICU Medical is 0.23 (i.e., Modest 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

Very weak diversification

The correlation between AptarGroup and DJI is 0.43 (i.e., Very weak 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 housing.

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Moving together with AptarGroup Stock

0.81	VINC	Vincerx Pharma, Common	Pair Corr
0.75	OSRHW	OSR Holdings, Symbol Change	Pair Corr
0.81	VRPX	Virpax Pharmaceuticals	Pair Corr
0.74	CEROW	CERo Therapeutics	Pair Corr
0.61	OCEAW	Ocean Biomedical	Pair Corr
0.89	FOXO	FOXO Technologies	Pair Corr
0.73	IMA	ImageneBio, Symbol Change	Pair Corr
0.9	TLX	Telix Pharmaceuticals	Pair Corr
0.72	BCTXZ	BriaCell Therapeutics	Pair Corr
0.83	HOOK	Hookipa Pharma	Pair Corr

Moving against AptarGroup Stock

0.6	STSSW	Sharps Technology Warrant	Pair Corr
0.54	NEPH	Nephros	Pair Corr
0.47	VXRT	Vaxart Inc	Pair Corr
0.43	OPT	OPTHEA LTD	Pair Corr
0.34	ETHZ	ETHZilla Symbol Change	Pair Corr
0.71	BTSGU	BrightSpring Health	Pair Corr
0.51	BDMDW	Baird Medical Investment	Pair Corr
0.5	FBIOP	Fortress Biotech Pref	Pair Corr
0.39	ICCT	iCoreConnect Common stock	Pair Corr
0.33	HYFT	ImmunoPrecise Antibodies Symbol Change	Pair Corr
0.93	MENS	Jyong Biotech Upward Rally	Pair Corr
0.79	OMDA	Omada Health, Common	Pair Corr
0.64	XOMAP	XOMA Corp	Pair Corr
0.56	ABPWW	Abpro Holdings Symbol Change	Pair Corr

Related Correlations Analysis

	ICUI	ANGO	HAE	COO	SLGN	CSL	SON	DCI	BRC
ICUI		0.27	0.39	-0.02	0.29	0.17	0.32	-0.02	0.05	ICUI
ANGO	0.27		-0.63	-0.67	-0.52	-0.45	0.04	0.87	0.84	ANGO
HAE	0.39	-0.63		0.55	0.83	0.57	-0.04	-0.84	-0.83	HAE
COO	-0.02	-0.67	0.55		0.68	0.7	0.12	-0.79	-0.72	COO
SLGN	0.29	-0.52	0.83	0.68		0.78	0.18	-0.8	-0.79	SLGN
CSL	0.17	-0.45	0.57	0.7	0.78		0.49	-0.6	-0.52	CSL
SON	0.32	0.04	-0.04	0.12	0.18	0.49		0.06	0.19	SON
DCI	-0.02	0.87	-0.84	-0.79	-0.8	-0.6	0.06		0.95	DCI
BRC	0.05	0.84	-0.83	-0.72	-0.79	-0.52	0.19	0.95		BRC
	ICUI	ANGO	HAE	COO	SLGN	CSL	SON	DCI	BRC

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

BRC	+ 0.95	DCI
DCI	+ 0.87	ANGO
BRC	+ 0.84	ANGO
SLGN	+ 0.83	HAE
CSL	+ 0.78	SLGN
CSL	+ 0.7	COO

High negative correlations

DCI	- 0.84	HAE
BRC	- 0.83	HAE
DCI	- 0.8	SLGN
BRC	- 0.79	SLGN
DCI	- 0.79	COO
BRC	- 0.72	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	1.98	(0.21)	0.00	(0.06)	0.00	0.00	3.76	(4.21)	16.90
ANGO	1.75	0.05	0.04	0.10	2.45	(1.89)	4.00	(3.64)	15.19
HAE	1.78	(0.50)	0.00	0.64	0.00	0.00	2.40	(2.95)	28.87
COO	1.55	(0.14)	0.00	(0.04)	0.00	0.00	2.77	(2.60)	15.84
SLGN	1.13	(0.42)	0.00	(0.25)	0.00	0.00	2.08	(1.83)	18.32
CSL	1.90	(0.33)	0.00	(0.05)	0.00	0.00	4.18	(3.89)	18.10
SON	1.15	(0.09)	(0.05)	0.00	1.26	(1.32)	2.50	(1.84)	8.12
DCI	0.93	0.25	0.19	168.89	0.63	(1.11)	2.28	(1.52)	11.07
BRC	1.00	0.13	0.14	0.17	0.80	(1.18)	2.20	(1.90)	8.83

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