Evolus Correlations

EOLS Stock

USD 14.21 0.35 2.40%

The current 90-days correlation between Evolus Inc and Collegium Pharmaceutical is 0.06 (i.e., Significant diversification). The correlation of Evolus 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.

Evolus Correlation With Market

Average diversification

The correlation between Evolus Inc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evolus Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evolus Inc. 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.

Moving together with Evolus Stock

0.85	JNJ	Johnson Johnson	Pair Corr
0.78	NKTX	Nkarta Inc	Pair Corr
0.75	PDSB	PDS Biotechnology Corp	Pair Corr
0.69	ABBV	AbbVie Inc Earnings Call Tomorrow	Pair Corr
0.7	ABOS	Acumen Pharmaceuticals	Pair Corr
0.83	AMGN	Amgen Inc Earnings Call This Week	Pair Corr
0.72	BDTX	Black Diamond Therap	Pair Corr
0.68	DAWN	Day One Biopharmaceu	Pair Corr
0.66	CVS	CVS Health Corp Earnings Call This Week	Pair Corr
0.76	ACET	Adicet Bio	Pair Corr

Moving against Evolus Stock

0.4	BMY	Bristol Myers Squibb Earnings Call This Week	Pair Corr
0.33	MLAB	Mesa Laboratories Earnings Call This Week	Pair Corr
0.69	CDXS	Codexis	Pair Corr
0.34	PTCT	PTC Therapeutics	Pair Corr

Related Correlations Analysis

	COLL	PAHC	ANIP	PROC	SSIC	EGRX	DCPH	PBH	PCRX	ITCI
COLL		0.07	0.47	-0.12	-0.3	0.28	-0.05	-0.54	0.11	0.32	COLL
PAHC	0.07		0.61	-0.44	-0.61	0.49	0.02	0.49	-0.53	-0.42	PAHC
ANIP	0.47	0.61		-0.31	-0.32	0.15	-0.2	0.15	0.04	0.18	ANIP
PROC	-0.12	-0.44	-0.31		0.6	-0.08	0.37	-0.22	0.21	-0.13	PROC
SSIC	-0.3	-0.61	-0.32	0.6		-0.68	-0.13	0.13	0.63	0.34	SSIC
EGRX	0.28	0.49	0.15	-0.08	-0.68		0.31	-0.24	-0.73	-0.53	EGRX
DCPH	-0.05	0.02	-0.2	0.37	-0.13	0.31		-0.26	-0.31	-0.47	DCPH
PBH	-0.54	0.49	0.15	-0.22	0.13	-0.24	-0.26		-0.09	-0.12	PBH
PCRX	0.11	-0.53	0.04	0.21	0.63	-0.73	-0.31	-0.09		0.82	PCRX
ITCI	0.32	-0.42	0.18	-0.13	0.34	-0.53	-0.47	-0.12	0.82		ITCI
	COLL	PAHC	ANIP	PROC	SSIC	EGRX	DCPH	PBH	PCRX	ITCI

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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

ITCI	+ 0.82	PCRX
PCRX	+ 0.63	SSIC
ANIP	+ 0.61	PAHC
SSIC	+ 0.6	PROC
EGRX	+ 0.49	PAHC
PBH	+ 0.49	PAHC

High negative correlations

PCRX	- 0.73	EGRX
EGRX	- 0.68	SSIC
SSIC	- 0.61	PAHC
PBH	- 0.54	COLL
ITCI	- 0.53	EGRX
PCRX	- 0.53	PAHC

Risk-Adjusted Indicators

There is a big difference between Evolus Stock performing well and Evolus 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 Evolus' 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
COLL	1.94	(0.14)	0.00	(0.51)	0.00	0.00	3.07	(3.92)	17.80
PAHC	1.50	(0.15)	0.00	(0.17)	0.00	0.00	3.31	(3.47)	13.78
ANIP	1.54	(0.02)	(0.03)	0.03	1.90	(1.61)	3.04	(3.64)	9.65
PROC	10.54	1.02	0.09	2.97	10.71	(15.53)	38.04	(18.67)	122.49
SSIC	1.01	0.18	0.12	0.66	0.80	(1.38)	3.36	(1.54)	8.15
EGRX	3.94	(1.12)	0.00	1.19	0.00	0.00	9.24	(8.24)	53.71
DCPH	1.66	(0.21)	0.00	(1.68)	0.00	0.00	3.27	(3.25)	9.66
PBH	0.95	0.09	0.05	0.27	1.07	(1.01)	1.87	(1.95)	6.91
PCRX	2.28	0.64	0.24	2.86	1.93	(2.55)	5.32	(3.61)	18.06
ITCI	2.10	0.90	0.53	(7.16)	0.77	(2.69)	3.56	(2.32)	34.42

Evolus Corporate Management

Jessica Novak	Senior Resources	Profile
Tomoko YamagishiDressler	Chief Officer	Profile
CCFP DipSportMed	Chief RD	Profile
David Erickson	VP Relations	Profile

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