Amphastar Correlations

AMPH Stock

USD 26.72 0.26 0.98%

The current 90-days correlation between Amphastar P and Dynavax Technologies is 0.13 (i.e., Average diversification). The correlation of Amphastar 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.

Amphastar Correlation With Market

Very weak diversification

The correlation between Amphastar P and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amphastar P and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amphastar Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Amphastar P. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Amphastar Stock

0.72	AZN	AstraZeneca PLC ADR	Pair Corr
0.67	BMY	Bristol Myers Squibb	Pair Corr
0.66	GSK	GlaxoSmithKline PLC ADR	Pair Corr
0.73	MRK	Merck Company	Pair Corr
0.72	PFE	Pfizer Inc Sell-off Trend	Pair Corr
0.61	JAZZ	Jazz Pharmaceuticals PLC	Pair Corr
0.61	RPRX	Royalty Pharma Plc	Pair Corr
0.65	SAR	Saratoga Investment Corp Earnings Call Tomorrow	Pair Corr

Moving against Amphastar Stock

0.36	ACB	Aurora Cannabis	Pair Corr
0.31	NVO	Novo Nordisk AS Aggressive Push	Pair Corr
0.64	AQST	Aquestive Therapeutics	Pair Corr
0.62	SIGA	SIGA Technologies	Pair Corr
0.51	SNDL	SNDL Inc	Pair Corr
0.49	ZYBT	Zhengye Biotechnology	Pair Corr
0.48	600079	Humanwell Healthcare	Pair Corr
0.47	688185	Cansino Biologics	Pair Corr
0.46	FUM	Futura Medical	Pair Corr
0.42	ALTS	ALT5 Sigma Buyout Trend	Pair Corr
0.41	ADGM	Adagio Medical Holdings	Pair Corr
0.31	688276	Changchun BCHT Biote	Pair Corr
0.6	002688	Jinhe Biotechnology	Pair Corr
0.56	SNES	SenesTech	Pair Corr
0.46	JD	JD Inc Adr	Pair Corr
0.42	300363	Porton Fine Chemicals	Pair Corr

Related Correlations Analysis

	DVAX	COLL	PCRX	CVAC	EMBC	HROW	SNDX	INBX	AHCO	BBNX
DVAX		0.54	0.49	-0.63	-0.44	0.6	0.6	0.39	0.42	0.59	DVAX
COLL	0.54		0.63	-0.65	-0.64	0.53	0.86	0.81	0.62	0.88	COLL
PCRX	0.49	0.63		-0.71	-0.57	0.81	0.82	0.23	0.54	0.47	PCRX
CVAC	-0.63	-0.65	-0.71		0.63	-0.63	-0.73	-0.46	-0.68	-0.6	CVAC
EMBC	-0.44	-0.64	-0.57	0.63		-0.68	-0.77	-0.53	-0.54	-0.65	EMBC
HROW	0.6	0.53	0.81	-0.63	-0.68		0.76	0.2	0.47	0.4	HROW
SNDX	0.6	0.86	0.82	-0.73	-0.77	0.76		0.54	0.65	0.79	SNDX
INBX	0.39	0.81	0.23	-0.46	-0.53	0.2	0.54		0.54	0.87	INBX
AHCO	0.42	0.62	0.54	-0.68	-0.54	0.47	0.65	0.54		0.62	AHCO
BBNX	0.59	0.88	0.47	-0.6	-0.65	0.4	0.79	0.87	0.62		BBNX
	DVAX	COLL	PCRX	CVAC	EMBC	HROW	SNDX	INBX	AHCO	BBNX

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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

BBNX	+ 0.88	COLL
BBNX	+ 0.87	INBX
SNDX	+ 0.86	COLL
SNDX	+ 0.82	PCRX
INBX	+ 0.81	COLL
HROW	+ 0.81	PCRX

High negative correlations

SNDX	- 0.77	EMBC
SNDX	- 0.73	CVAC
CVAC	- 0.71	PCRX
HROW	- 0.68	EMBC
AHCO	- 0.68	CVAC
BBNX	- 0.65	EMBC

Risk-Adjusted Indicators

There is a big difference between Amphastar Stock performing well and Amphastar 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 Amphastar'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
DVAX	1.82	0.61	0.37	0.52	1.00	(2.38)	2.76	(1.80)	38.25
COLL	1.54	0.36	0.19	0.58	1.32	(1.76)	3.89	(2.25)	18.17
PCRX	1.77	(0.07)	0.00	(0.56)	0.00	0.00	3.79	(3.90)	10.91
CVAC	1.22	(0.27)	0.00	(0.22)	0.00	0.00	3.33	(2.80)	18.10
EMBC	1.77	(0.39)	0.00	(0.32)	0.00	0.00	3.87	(3.97)	13.58
HROW	3.01	0.03	0.05	0.08	3.34	(3.37)	7.65	(5.16)	21.38
SNDX	2.76	0.41	0.14	0.96	2.46	(3.46)	8.88	(5.07)	18.09
INBX	4.99	1.56	0.32	0.50	4.11	(5.77)	7.03	(7.23)	112.80
AHCO	1.95	0.10	0.03	0.26	2.10	(2.16)	3.91	(3.17)	24.44
BBNX	2.98	0.66	0.17	(16.09)	2.91	(3.44)	8.64	(5.55)	20.18

Amphastar Corporate Management

Ziping Luo	Chief Chairman	Profile
Peter Langosh	VP Audit	Profile
MBA MPH	Executive Operations	Profile
MP MBA	Senior Operations	Profile
Rong MS	Senior Production	Profile
Dan MBA	Senior Communication	Profile

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