Merck Correlations
| MRK Stock | USD 83.01 1.41 1.67% |
The current 90-days correlation between Merck Company and AbbVie Inc is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Merck moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Merck Company moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Merck Correlation With Market
Average diversification
The correlation between Merck Company and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Merck Company and DJI in the same portfolio, assuming nothing else is changed.
Merck |
Moving together with Merck Stock
Moving against Merck Stock
| 0.74 | EC | Ecopetrol SA ADR | PairCorr |
| 0.66 | GILD | Gilead Sciences | PairCorr |
| 0.55 | ABBV | AbbVie Inc | PairCorr |
| 0.54 | LLY | Eli Lilly | PairCorr |
| 0.47 | DRTSW | Alpha Tau Medical | PairCorr |
| 0.46 | JNJ | Johnson Johnson | PairCorr |
| 0.44 | AMGN | Amgen Inc | PairCorr |
| 0.43 | ALC | Alcon AG Sell-off Trend | PairCorr |
| 0.85 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.73 | JPM | JPMorgan Chase | PairCorr |
| 0.68 | COST | Costco Wholesale Corp | PairCorr |
| 0.62 | WMT | Walmart Earnings Call This Week | PairCorr |
| 0.61 | IBM | International Business | PairCorr |
| 0.61 | MMM | 3M Company | PairCorr |
| 0.56 | DUOT | Duos Technologies | PairCorr |
| 0.52 | MMSI | Merit Medical Systems | PairCorr |
| 0.43 | BA | Boeing | PairCorr |
| 0.34 | AXP | American Express | PairCorr |
Related Correlations Analysis
| 0.31 | 0.76 | -0.05 | 0.45 | 0.77 | 0.46 | ABBV | ||
| 0.31 | 0.2 | 0.24 | -0.08 | 0.34 | -0.22 | PFE | ||
| 0.76 | 0.2 | 0.1 | 0.52 | 0.74 | 0.48 | LLY | ||
| -0.05 | 0.24 | 0.1 | 0.22 | 0.06 | 0.32 | BMY | ||
| 0.45 | -0.08 | 0.52 | 0.22 | 0.45 | 0.83 | AMGN | ||
| 0.77 | 0.34 | 0.74 | 0.06 | 0.45 | 0.42 | GILD | ||
| 0.46 | -0.22 | 0.48 | 0.32 | 0.83 | 0.42 | JNJ | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Merck Stock performing well and Merck 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 Merck'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ABBV | 1.23 | (0.02) | 0.00 | (0.04) | 0.00 | 3.04 | 12.57 | |||
| PFE | 1.18 | (0.04) | 0.00 | (0.53) | 0.00 | 2.20 | 7.04 | |||
| LLY | 1.48 | 0.04 | 0.02 | 0.11 | 2.04 | 3.25 | 11.14 | |||
| BMY | 1.27 | 0.02 | 0.01 | (0.30) | 1.76 | 2.51 | 14.38 | |||
| AMGN | 1.25 | (0.14) | 0.00 | (0.14) | 0.00 | 2.73 | 9.76 | |||
| GILD | 1.12 | 0.13 | 0.08 | 0.39 | 1.41 | 1.96 | 4.89 | |||
| JNJ | 0.83 | 0.01 | 0.01 | 0.06 | 1.01 | 1.78 | 5.78 |