Eagle Pharmaceuticals Correlations
| EGRXDelisted Stock | USD 1.99 0.02 1.02% |
The current 90-days correlation between Eagle Pharmaceuticals and ANI Pharmaceuticals is 0.09 (i.e., Significant diversification). The correlation of Eagle Pharmaceuticals 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.
Eagle Pharmaceuticals Correlation With Market
Average diversification
The correlation between Eagle Pharmaceuticals and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Pharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.
Eagle |
The ability to find closely correlated positions to Eagle Pharmaceuticals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eagle Pharmaceuticals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eagle Pharmaceuticals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eagle Pharmaceuticals to buy it.
Moving together with Eagle Pink Sheet
| 0.67 | WUHN | Wuhan General Gr | PairCorr |
| 0.68 | OGI | OrganiGram Holdings Fiscal Year End 17th of December 2024 | PairCorr |
| 0.77 | RDY | Dr Reddys Laboratories | PairCorr |
| 0.8 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.79 | UPC | Universe Pharmaceuticals | PairCorr |
| 0.8 | INCR | INC Research Holdings | PairCorr |
| 0.66 | IRWD | Ironwood Pharmaceuticals Downward Rally | PairCorr |
| 0.71 | CLVRW | Clever Leaves Holdings | PairCorr |
| 0.89 | OPTN | OptiNose | PairCorr |
Moving against Eagle Pink Sheet
| 0.83 | INIS | International Isotopes | PairCorr |
| 0.77 | YCBD-PA | cbdMD Inc | PairCorr |
| 0.68 | ELTP | Elite Pharma | PairCorr |
| 0.59 | EVO | Evotec SE ADR | PairCorr |
| 0.52 | ITCI | Intracellular Th | PairCorr |
| 0.4 | PBH | Prestige Brand Holdings | PairCorr |
| 0.64 | HROWM | Harrow Health, 11875 | PairCorr |
| 0.63 | PAHC | Phibro Animal Health | PairCorr |
| 0.6 | LFCR | Lifecore Biomedical Downward Rally | PairCorr |
| 0.6 | ORGO | Organogenesis Holdings | PairCorr |
| 0.59 | PETQ | PetIQ Inc | PairCorr |
| 0.58 | PCRX | Pacira BioSciences, | PairCorr |
| 0.48 | IXHL | Incannex Healthcare | PairCorr |
| 0.34 | KALA | Kala Pharmaceuticals | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Eagle Pink Sheet performing well and Eagle Pharmaceuticals 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 Eagle Pharmaceuticals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANIP | 1.83 | (0.25) | 0.00 | (0.11) | 0.00 | 3.70 | 10.82 | |||
| PAHC | 2.01 | 0.28 | 0.17 | 0.24 | 1.63 | 5.36 | 15.47 | |||
| DCPH | 1.66 | (0.22) | 0.00 | (0.90) | 0.00 | 3.27 | 9.66 | |||
| PBH | 0.92 | 0.20 | 0.15 | 0.37 | 0.92 | 1.90 | 4.90 | |||
| COLL | 1.88 | (0.36) | 0.00 | (0.24) | 0.00 | 3.59 | 12.29 | |||
| SSIC | 1.09 | 0.11 | 0.05 | 0.29 | 1.04 | 2.89 | 7.09 | |||
| RGC | 6.29 | (0.08) | 0.00 | 0.16 | 0.00 | 22.58 | 43.32 | |||
| AMPH | 1.58 | (0.15) | 0.00 | (0.04) | 0.00 | 3.37 | 17.30 | |||
| ALKS | 1.70 | (0.14) | (0.04) | 0.00 | 2.11 | 4.14 | 9.74 | |||
| EOLS | 2.44 | (0.27) | 0.00 | (0.19) | 0.00 | 5.06 | 22.78 |
View Eagle Pharmaceuticals Related Equities
| Risk & Return | Correlation |
Eagle Pharmaceuticals Corporate Management
| Ryan Debski | General VP | Profile | |
| Debra Hussain | Senior Commercial | Profile | |
| Gaozhong Zhu | Senior Development | Profile | |
| Reiner Nowak | Exec | Profile | |
| John Kimmet | Ex Care | Profile | |
| Daniel OConnor | Chief VP | Profile |
Still Interested in Eagle Pharmaceuticals?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.