Viatris Correlations

VTRS Stock

USD 8.88 0.39 4.21%

The correlation of Viatris 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.

Viatris Correlation With Market

Very weak diversification

The correlation between Viatris and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Viatris and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Viatris Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Viatris. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with Viatris Stock

0.86	PFE	Pfizer Inc	Pair Corr
0.81	KMDA	Kamada	Pair Corr
0.66	NTNX	Nutanix	Pair Corr
0.89	CAT	Caterpillar	Pair Corr
0.92	AXP	American Express	Pair Corr
0.88	BA	Boeing	Pair Corr
0.86	CSCO	Cisco Systems	Pair Corr
0.9	JPM	JPMorgan Chase	Pair Corr
0.93	MSFT	Microsoft	Pair Corr
0.86	DD	Dupont De Nemours	Pair Corr
0.86	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.85	IBM	International Business Earnings Call This Week	Pair Corr
0.83	MMM	3M Company	Pair Corr

Moving against Viatris Stock

0.51

MSB

Mesabi Trust

Pair Corr

Related Correlations Analysis

	CTLT	BHC	MNK	TLRY	TAK	ELAN	ZTS	EBS	TEVA	LNTH
CTLT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CTLT
BHC	0.0		0.0	0.39	0.52	0.49	-0.27	0.52	0.05	-0.16	BHC
MNK	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MNK
TLRY	0.0	0.39	0.0		-0.01	0.16	-0.36	0.3	-0.23	0.04	TLRY
TAK	0.0	0.52	0.0	-0.01		0.08	0.03	0.08	0.06	0.21	TAK
ELAN	0.0	0.49	0.0	0.16	0.08		0.52	0.92	0.76	-0.88	ELAN
ZTS	0.0	-0.27	0.0	-0.36	0.03	0.52		0.45	0.79	-0.56	ZTS
EBS	0.0	0.52	0.0	0.3	0.08	0.92	0.45		0.63	-0.77	EBS
TEVA	0.0	0.05	0.0	-0.23	0.06	0.76	0.79	0.63		-0.74	TEVA
LNTH	0.0	-0.16	0.0	0.04	0.21	-0.88	-0.56	-0.77	-0.74		LNTH
	CTLT	BHC	MNK	TLRY	TAK	ELAN	ZTS	EBS	TEVA	LNTH

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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

EBS	+ 0.92	ELAN
TEVA	+ 0.79	ZTS
TEVA	+ 0.76	ELAN
TEVA	+ 0.63	EBS
TAK	+ 0.52	BHC
EBS	+ 0.52	BHC

High negative correlations

LNTH	- 0.88	ELAN
LNTH	- 0.77	EBS
LNTH	- 0.74	TEVA
LNTH	- 0.56	ZTS
ZTS	- 0.36	TLRY
ZTS	- 0.27	BHC

Risk-Adjusted Indicators

There is a big difference between Viatris Stock performing well and Viatris 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 Viatris' 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
CTLT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BHC	2.60	0.47	0.16	0.53	2.51	(3.21)	7.85	(3.85)	22.37
MNK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TLRY	4.58	0.25	0.07	0.24	4.75	(5.75)	13.79	(9.37)	28.61
TAK	1.04	0.09	(0.03)	(3.71)	1.41	(1.05)	2.45	(1.92)	8.27
ELAN	2.11	0.65	0.43	0.53	1.18	(2.87)	4.20	(2.67)	29.80
ZTS	1.22	(0.14)	(0.07)	(0.01)	1.94	(1.06)	2.26	(3.26)	8.17
EBS	3.78	0.49	0.17	0.34	3.45	(5.08)	7.83	(7.03)	45.34
TEVA	1.98	0.07	0.06	0.17	2.09	(2.25)	4.42	(3.49)	15.49
LNTH	2.00	(0.55)	0.00	(1.75)	0.00	0.00	2.50	(3.68)	25.89

Viatris Corporate Management

Melissa Trombetta	Head Relations	Profile
Andrew Enrietti	Chief Officer	Profile
Theodora Mistras	Chief Officer	Profile
David Bayles	Chief Officer	Profile
Sanjeev Sethi	Chief Officer	Profile
Ramkumar Rayapureddy	Chief Officer	Profile

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