Phibro Animal Correlations

PAHC Stock

USD 23.74 0.02 0.08%

The current 90-days correlation between Phibro Animal Health and Pacira BioSciences, is 0.17 (i.e., Average diversification). The correlation of Phibro Animal 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.

Phibro Animal Correlation With Market

Very weak diversification

The correlation between Phibro Animal Health 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 Phibro Animal Health and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phibro Animal Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Phibro Stock

0.7	VRDN	Viridian Therapeutics	Pair Corr
0.85	EWTX	Edgewise Therapeutics	Pair Corr
0.76	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.64	KZR	Kezar Life Sciences	Pair Corr
0.84	GILD	Gilead Sciences	Pair Corr
0.64	MNPR	Monopar Therapeutics	Pair Corr

Moving against Phibro Stock

0.81	GMAB	Genmab AS	Pair Corr
0.81	LEGN	Legend Biotech Corp	Pair Corr
0.8	VALN	Valneva SE ADR	Pair Corr
0.74	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.66	ME	23Andme Holding	Pair Corr
0.63	VCNX	Vaccinex	Pair Corr
0.57	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.56	LLY	Eli Lilly Sell-off Trend	Pair Corr
0.53	INZY	Inozyme Pharma	Pair Corr
0.52	IPSC	Century Therapeutics	Pair Corr
0.47	CINGW	Cingulate Warrants	Pair Corr
0.44	A	Agilent Technologies Earnings Call Today	Pair Corr
0.43	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.42	KRYS	Krystal Biotech	Pair Corr
0.8	MTEM	Molecular Templates	Pair Corr
0.76	APLS	Apellis Pharmaceuticals Buyout Trend	Pair Corr
0.74	NKTX	Nkarta Inc	Pair Corr
0.57	LYRA	Lyra Therapeutics	Pair Corr
0.52	AMGN	Amgen Inc	Pair Corr
0.5	ABBV	AbbVie Inc	Pair Corr
0.44	PHAT	Phathom Pharmaceuticals	Pair Corr
0.35	NUVB	Nuvation Bio	Pair Corr

Related Correlations Analysis

	PCRX	RDY	COLL	SSIC	ANIP	PROC	EGRX	DCPH	PBH	DLTNF
PCRX		-0.59	-0.45	0.22	-0.07	-0.38	-0.62	-0.02	0.39	0.0	PCRX
RDY	-0.59		0.84	-0.54	0.53	0.79	0.78	0.45	-0.71	0.0	RDY
COLL	-0.45	0.84		-0.73	0.29	0.88	0.51	0.25	-0.85	0.0	COLL
SSIC	0.22	-0.54	-0.73		-0.07	-0.86	-0.29	-0.27	0.84	0.0	SSIC
ANIP	-0.07	0.53	0.29	-0.07		0.23	0.48	0.41	0.0	0.0	ANIP
PROC	-0.38	0.79	0.88	-0.86	0.23		0.44	0.34	-0.89	0.0	PROC
EGRX	-0.62	0.78	0.51	-0.29	0.48	0.44		0.31	-0.41	0.0	EGRX
DCPH	-0.02	0.45	0.25	-0.27	0.41	0.34	0.31		-0.36	0.0	DCPH
PBH	0.39	-0.71	-0.85	0.84	0.0	-0.89	-0.41	-0.36		0.0	PBH
DLTNF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		DLTNF
	PCRX	RDY	COLL	SSIC	ANIP	PROC	EGRX	DCPH	PBH	DLTNF

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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

PROC	+ 0.88	COLL
COLL	+ 0.84	RDY
PBH	+ 0.84	SSIC
PROC	+ 0.79	RDY
EGRX	+ 0.78	RDY
ANIP	+ 0.53	RDY

High negative correlations

PBH	- 0.89	PROC
PROC	- 0.86	SSIC
PBH	- 0.85	COLL
SSIC	- 0.73	COLL
PBH	- 0.71	RDY
EGRX	- 0.62	PCRX

Risk-Adjusted Indicators

There is a big difference between Phibro Stock performing well and Phibro Animal 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 Phibro Animal'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
PCRX	1.90	0.22	0.11	0.32	1.95	(2.10)	3.96	(3.21)	10.38
RDY	0.96	(0.33)	0.00	(0.27)	0.00	0.00	1.50	(2.20)	6.89
COLL	1.88	(0.40)	0.00	(0.23)	0.00	0.00	3.59	(4.47)	12.29
SSIC	1.09	0.12	0.02	0.60	1.04	(1.35)	2.89	(1.82)	7.09
ANIP	1.86	(0.23)	0.00	(0.06)	0.00	0.00	3.70	(3.75)	10.82
PROC	5.98	(0.74)	0.00	(0.16)	0.00	0.00	8.74	(13.11)	63.61
EGRX	3.94	(1.12)	0.00	1.87	0.00	0.00	9.24	(8.24)	53.71
DCPH	1.66	(0.14)	0.00	0.38	0.00	0.00	3.27	(3.25)	9.66
PBH	0.92	0.18	0.12	0.36	0.91	(1.01)	1.90	(1.76)	4.90
DLTNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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