Pfizer Correlations

PFE Stock

ARS 7,660 260.00 3.51%

The current 90-days correlation between Pfizer Inc and Johnson Johnson Co is 0.6 (i.e., Poor diversification). The correlation of Pfizer 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.

Pfizer Correlation With Market

Good diversification

The correlation between Pfizer Inc and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pfizer Inc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Pfizer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pfizer when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Pfizer - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Pfizer Inc to buy it.

Moving together with Pfizer Stock

0.96	JNJ	Johnson Johnson	Pair Corr
0.94	MRK	Merck Company	Pair Corr
0.82	TV	Grupo Televisa SAB	Pair Corr

Moving against Pfizer Stock

0.94	TECO2	Telecom Argentina	Pair Corr
0.87	YPFD	YPF SA D	Pair Corr
0.86	CVH	Cablevision Holding	Pair Corr
0.83	WFC	Wells Fargo	Pair Corr
0.42	AMZN	Amazon Inc	Pair Corr

Related Correlations Analysis

	JNJ	MRK	CAPX	BBAR	PAMP	AGRO	GGAL	FIPL	CARC
JNJ		0.92	-0.76	-0.9	-0.91	-0.87	-0.76	-0.56	-0.72	JNJ
MRK	0.92		-0.53	-0.85	-0.82	-0.7	-0.74	-0.3	-0.53	MRK
CAPX	-0.76	-0.53		0.73	0.86	0.91	0.63	0.74	0.89	CAPX
BBAR	-0.9	-0.85	0.73		0.89	0.85	0.84	0.59	0.71	BBAR
PAMP	-0.91	-0.82	0.86	0.89		0.93	0.84	0.65	0.83	PAMP
AGRO	-0.87	-0.7	0.91	0.85	0.93		0.68	0.72	0.91	AGRO
GGAL	-0.76	-0.74	0.63	0.84	0.84	0.68		0.54	0.54	GGAL
FIPL	-0.56	-0.3	0.74	0.59	0.65	0.72	0.54		0.67	FIPL
CARC	-0.72	-0.53	0.89	0.71	0.83	0.91	0.54	0.67		CARC
	JNJ	MRK	CAPX	BBAR	PAMP	AGRO	GGAL	FIPL	CARC

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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

AGRO	+ 0.93	PAMP
MRK	+ 0.92	JNJ
AGRO	+ 0.91	CAPX
CARC	+ 0.91	AGRO
CARC	+ 0.89	CAPX
PAMP	+ 0.89	BBAR

High negative correlations

PAMP	- 0.91	JNJ
BBAR	- 0.9	JNJ
AGRO	- 0.87	JNJ
BBAR	- 0.85	MRK
PAMP	- 0.82	MRK
GGAL	- 0.76	JNJ

Risk-Adjusted Indicators

There is a big difference between Pfizer Stock performing well and Pfizer 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 Pfizer'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
JNJ	0.94	(0.31)	0.00	(4.19)	0.00	0.00	1.55	(2.33)	5.66
MRK	1.17	(0.38)	0.00	(2.28)	0.00	0.00	2.04	(2.62)	5.33
CAPX	2.59	0.51	0.19	0.90	2.36	(3.10)	6.76	(3.88)	20.02
BBAR	2.57	0.61	0.19	(0.66)	2.60	(2.80)	6.99	(4.47)	19.39
PAMP	1.57	0.49	0.25	2.09	1.49	(1.85)	4.17	(2.51)	8.65
AGRO	2.59	0.59	0.21	5.98	2.28	(3.34)	6.38	(4.40)	16.31
GGAL	1.95	0.41	0.20	0.71	1.73	(2.36)	5.49	(2.86)	17.01
FIPL	1.59	0.30	0.16	(1.10)	1.44	(1.78)	3.96	(2.41)	11.13
CARC	1.97	0.15	0.05	(2.43)	2.15	(2.40)	5.05	(4.02)	14.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in Pfizer without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pfizer Corporate Executives

Elected by the shareholders, the Pfizer's board of directors comprises two types of representatives: Pfizer inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pfizer. The board's role is to monitor Pfizer's management team and ensure that shareholders' interests are well served. Pfizer's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pfizer's outside directors are responsible for providing unbiased perspectives on the board's policies.

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