AstraZeneca PLC Correlations

AZN Stock

USD 188.21 3.89 2.11%

The current 90-days correlation between AstraZeneca PLC and Novartis AG ADR is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AstraZeneca PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AstraZeneca PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AstraZeneca PLC Correlation With Market

Average diversification

The correlation between AstraZeneca PLC and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AstraZeneca PLC and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with AstraZeneca Stock

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

To learn how to invest in AstraZeneca Stock, please use our How to Invest in AstraZeneca PLC guide.

Related Correlations Analysis

	NVS	GSK	RHHBY	BMY	SNY	MRK	GILD	JNJ	ABBV	LLY
NVS		0.87	0.92	0.91	-0.74	0.87	0.68	0.88	-0.13	0.55	NVS
GSK	0.87		0.83	0.86	-0.57	0.82	0.59	0.8	0.05	0.52	GSK
RHHBY	0.92	0.83		0.89	-0.77	0.94	0.62	0.94	0.03	0.73	RHHBY
BMY	0.91	0.86	0.89		-0.77	0.89	0.39	0.8	-0.15	0.63	BMY
SNY	-0.74	-0.57	-0.77	-0.77		-0.7	-0.43	-0.76	0.43	-0.38	SNY
MRK	0.87	0.82	0.94	0.89	-0.7		0.51	0.88	0.05	0.77	MRK
GILD	0.68	0.59	0.62	0.39	-0.43	0.51		0.73	0.08	0.28	GILD
JNJ	0.88	0.8	0.94	0.8	-0.76	0.88	0.73		-0.02	0.61	JNJ
ABBV	-0.13	0.05	0.03	-0.15	0.43	0.05	0.08	-0.02		0.35	ABBV
LLY	0.55	0.52	0.73	0.63	-0.38	0.77	0.28	0.61	0.35		LLY
	NVS	GSK	RHHBY	BMY	SNY	MRK	GILD	JNJ	ABBV	LLY

Please upgrade your account to get full access to Macroaxis premium features

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

MRK	+ 0.94	RHHBY
JNJ	+ 0.94	RHHBY
RHHBY	+ 0.92	NVS
BMY	+ 0.91	NVS
BMY	+ 0.89	RHHBY
MRK	+ 0.89	BMY

High negative correlations

SNY	- 0.77	BMY
SNY	- 0.77	RHHBY
JNJ	- 0.76	SNY
SNY	- 0.74	NVS
MRK	- 0.7	SNY
SNY	- 0.57	GSK

Risk-Adjusted Indicators

There is a big difference between AstraZeneca Stock performing well and AstraZeneca PLC 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 AstraZeneca PLC'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
NVS	0.93	0.28	0.24	0.46	0.74	(1.08)	2.59	(2.06)	6.07
GSK	1.04	0.21	0.16	0.41	0.96	(1.19)	2.34	(1.83)	6.43
RHHBY	1.32	0.50	0.37	2.35	0.77	(1.66)	3.60	(1.47)	13.68
BMY	1.31	0.41	0.29	0.75	0.96	(1.60)	3.59	(1.98)	11.16
SNY	1.02	(0.12)	0.00	(0.18)	0.00	0.00	1.87	(2.19)	5.92
MRK	1.30	0.43	0.30	0.61	1.09	(1.61)	3.59	(1.98)	8.09
GILD	1.31	0.29	0.17	1.56	1.26	(1.50)	3.01	(2.41)	6.70
JNJ	0.79	0.34	0.37	2.22	0.34	(0.98)	2.29	(1.39)	5.56
ABBV	1.18	0.01	(0.01)	0.16	1.76	(1.11)	2.95	(2.86)	8.22
LLY	1.51	0.31	0.16	0.86	1.54	(1.62)	3.81	(2.61)	8.33

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC