Cumberland Pharmaceuticals Correlations

CPIX Stock

USD 4.47 0.03 0.67%

The current 90-days correlation between Cumberland Pharmaceuticals and Prestige Brand Holdings is 0.26 (i.e., Modest diversification). The correlation of Cumberland Pharmaceuticals 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.

Cumberland Pharmaceuticals Correlation With Market

Good diversification

The correlation between Cumberland Pharmaceuticals and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cumberland Pharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cumberland Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cumberland 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 gross domestic product.

For more information on how to buy Cumberland Stock please use our How to Invest in Cumberland Pharmaceuticals guide.

Moving together with Cumberland Stock

0.64

PBH

Prestige Brand Holdings Earnings Call Tomorrow

Pair Corr

Moving against Cumberland Stock

0.32	LFST	Lifeist Wellness	Pair Corr
0.34	BA	Boeing	Pair Corr

Related Correlations Analysis

	PBH	EVO	COLL	ANIP	PAHC	PCRX	RDY	RGC
PBH		-0.01	0.33	-0.27	0.62	-0.17	-0.24	-0.2	PBH
EVO	-0.01		0.34	-0.45	0.45	0.68	0.61	-0.24	EVO
COLL	0.33	0.34		-0.54	0.8	0.05	0.17	-0.42	COLL
ANIP	-0.27	-0.45	-0.54		-0.72	0.04	0.22	0.72	ANIP
PAHC	0.62	0.45	0.8	-0.72		0.05	-0.02	-0.52	PAHC
PCRX	-0.17	0.68	0.05	0.04	0.05		0.71	0.1	PCRX
RDY	-0.24	0.61	0.17	0.22	-0.02	0.71		0.22	RDY
RGC	-0.2	-0.24	-0.42	0.72	-0.52	0.1	0.22		RGC
	PBH	EVO	COLL	ANIP	PAHC	PCRX	RDY	RGC

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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	+ 0.8	COLL
RGC	+ 0.72	ANIP
RDY	+ 0.71	PCRX
PCRX	+ 0.68	EVO
PAHC	+ 0.62	PBH
RDY	+ 0.61	EVO

High negative correlations

PAHC	- 0.72	ANIP
ANIP	- 0.54	COLL
RGC	- 0.52	PAHC
ANIP	- 0.45	EVO
RGC	- 0.42	COLL
ANIP	- 0.27	PBH

Risk-Adjusted Indicators

There is a big difference between Cumberland Stock performing well and Cumberland 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 Cumberland 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	1.46	0.18	0.14	0.16	1.47	(1.77)	2.38	(2.43)	17.76
EVO	2.55	0.02	0.00	(0.11)	0.00	0.00	6.91	(5.32)	15.16
COLL	1.75	(0.16)	0.00	(0.37)	0.00	0.00	3.47	(3.35)	11.87
ANIP	1.78	0.39	0.20	0.41	1.93	(2.01)	4.40	(3.16)	19.27
PAHC	2.74	0.01	0.00	(0.12)	0.00	0.00	6.60	(6.38)	18.36
PCRX	2.27	0.13	0.05	0.02	2.57	(2.90)	4.41	(4.84)	22.99
RDY	1.15	0.04	0.00	(0.05)	0.00	0.00	2.34	(2.60)	10.91
RGC	19.58	8.92	0.84	(4.11)	8.23	(27.20)	62.58	(18.83)	265.55

Cumberland Pharmaceuticals Corporate Management

James Herman	Chief Compliance Officer and VP of National Accounts	Profile
John Hamm	Chief Officer	Profile
Christophe Bitterman	Vice Marketing	Profile
Todd Anthony	Vice Development	Profile
Adam Mostafa	Managing Relations	Profile
Erin Gull	Senior Associate	Profile

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