Catalent Correlations

CTLT Stock

USD 60.98 1.32 2.21%

The current 90-days correlation between Catalent and West Pharmaceutical Services is 0.18 (i.e., Average diversification). The correlation of Catalent 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.

Catalent Correlation With Market

Very weak diversification

The correlation between Catalent and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catalent and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Catalent Stock

0.69

Agilent Technologies Earnings Call Tomorrow

Pair Corr

Moving against Catalent Stock

0.55	KTTAW	Pasithea Therapeutics	Pair Corr
0.36	GILD	Gilead Sciences	Pair Corr
0.33	EWTX	Edgewise Therapeutics	Pair Corr
0.32	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.58	MNPR	Monopar Therapeutics	Pair Corr
0.54	AMLX	Amylyx Pharmaceuticals	Pair Corr
0.45	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.43	RVMD	Revolution Medicines Sell-off Trend	Pair Corr
0.41	PLRX	Pliant Therapeutics	Pair Corr
0.33	AKRO	Akero Therapeutics	Pair Corr

Related Correlations Analysis

	IQV	WST	CRL	BIO	TFX
IQV		-0.46	0.31	-0.26	0.86	IQV
WST	-0.46		0.3	0.41	-0.61	WST
CRL	0.31	0.3		0.26	-0.07	CRL
BIO	-0.26	0.41	0.26		-0.46	BIO
TFX	0.86	-0.61	-0.07	-0.46		TFX
	IQV	WST	CRL	BIO	TFX

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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

TFX	+ 0.86	IQV
BIO	+ 0.41	WST
CRL	+ 0.31	IQV
CRL	+ 0.3	WST
BIO	+ 0.26	CRL

High negative correlations

TFX	- 0.61	WST
TFX	- 0.46	BIO
WST	- 0.46	IQV
BIO	- 0.26	IQV
TFX	- 0.07	CRL

Risk-Adjusted Indicators

There is a big difference between Catalent Stock performing well and Catalent 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 Catalent'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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IQV	1.32	(0.46)	(0.20)	0.00	0.00	1.73	(4.05)	9.22
WST	1.78	(0.02)	0.10	2.08	(2.00)	4.50	(3.02)	22.42
CRL	1.68	(0.32)	(0.01)	0.00	0.00	2.78	(4.35)	18.19
BIO	1.64	0.06	0.23	2.30	(1.73)	2.94	(3.62)	16.89
TFX	1.15	(0.42)	(0.39)	0.00	0.00	1.71	(1.92)	17.00

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