Pfizer Correlations

PFE Stock

USD 25.53 0.04 0.16%

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

Weak diversification

The correlation between Pfizer Inc and DJI is 0.38 (i.e., Weak 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.

Build AI portfolio with Pfizer Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pfizer Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Pfizer Stock

0.7	MRK	Merck Company	Pair Corr
0.7	NVS	Novartis AG ADR	Pair Corr

Moving against Pfizer Stock

0.51	603538	Ningbo Menovo Pharm	Pair Corr
0.5	KREBSBIO	Krebs Biochemicals and	Pair Corr
0.48	688185	Cansino Biologics	Pair Corr
0.48	600079	Humanwell Healthcare	Pair Corr
0.47	KG	Kestrel Group, Symbol Change	Pair Corr
0.45	ZYBT	Zhengye Biotechnology	Pair Corr
0.44	PGHL	Procter Gamble Health	Pair Corr
0.41	BIOFILCHEM	Biofil Chemicals Pha	Pair Corr
0.4	FUM	Futura Medical	Pair Corr
0.35	EXL	Elixinol Wellness	Pair Corr
0.55	AMRUTANJAN	Amrutanjan Health Care	Pair Corr
0.51	AARTIDRUGS	Aarti Drugs Limited	Pair Corr
0.47	TTKHLTCARE	TTK Healthcare	Pair Corr
0.47	PAR	Par Drugs And	Pair Corr
0.46	MVP	Medical Developments	Pair Corr
0.46	002688	Jinhe Biotechnology	Pair Corr
0.46	300363	Porton Fine Chemicals	Pair Corr
0.46	BKRKY	Bank Rakyat	Pair Corr
0.45	MANGALAM	Mangalam Drugs And	Pair Corr
0.41	SNOA	Sonoma Pharmaceuticals	Pair Corr
0.37	IOLCP	IOL Chemicals	Pair Corr

Related Correlations Analysis

	CCTTF	GCTS	TSMWF	CMTL	ELTTF	GAMCF	SPNUF	STTFF
CCTTF		0.0	0.0	0.0	-1.0	0.0	0.0	0.0	CCTTF
GCTS	0.0		0.13	-0.32	0.0	-0.08	-0.31	-0.54	GCTS
TSMWF	0.0	0.13		0.7	0.0	0.86	0.01	0.26	TSMWF
CMTL	0.0	-0.32	0.7		0.0	0.77	0.28	0.48	CMTL
ELTTF	-1.0	0.0	0.0	0.0		0.0	0.0	0.0	ELTTF
GAMCF	0.0	-0.08	0.86	0.77	0.0		0.01	0.31	GAMCF
SPNUF	0.0	-0.31	0.01	0.28	0.0	0.01		0.33	SPNUF
STTFF	0.0	-0.54	0.26	0.48	0.0	0.31	0.33		STTFF
	CCTTF	GCTS	TSMWF	CMTL	ELTTF	GAMCF	SPNUF	STTFF

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

GAMCF	+ 0.86	TSMWF
GAMCF	+ 0.77	CMTL
CMTL	+ 0.7	TSMWF
STTFF	+ 0.48	CMTL
STTFF	+ 0.33	SPNUF
STTFF	+ 0.31	GAMCF

High negative correlations

ELTTF	- 1.0	CCTTF
STTFF	- 0.54	GCTS
CMTL	- 0.32	GCTS
SPNUF	- 0.31	GCTS
GAMCF	- 0.08	GCTS
STTFF	- 0.0	ELTTF

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
CCTTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GCTS	3.15	0.05	0.02	0.11	3.90	(3.62)	6.62	(6.29)	23.52
TSMWF	0.03	0.00	0.00	0.29	0.00	0.00	0.00	0.00	0.94
CMTL	3.21	0.71	0.17	0.63	3.65	(3.72)	7.04	(6.39)	23.38
ELTTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GAMCF	0.02	0.00	0.00	1.16	0.00	0.00	0.00	0.00	0.77
SPNUF	0.13	0.00	0.00	0.63	0.00	0.00	0.00	0.00	3.36
STTFF	0.12	0.05	0.00	0.55	0.00	0.00	0.00	0.00	4.17

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