Perrigo Company Correlations

PRGO Stock

USD 28.18 0.31 1.09%

The current 90-days correlation between Perrigo Company and Prestige Brand Holdings is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Perrigo Company moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Perrigo Company PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Perrigo Company Correlation With Market

Weak diversification

The correlation between Perrigo Company PLC and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perrigo Company PLC 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 Perrigo Company PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving against Perrigo Stock

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0.49	TLRY	Tilray Inc	Pair Corr
0.48	MOLN	Molecular Partners	Pair Corr
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0.39	ANNX	Annexon Earnings Call This Week	Pair Corr
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0.38	CLDX	Celldex Therapeutics	Pair Corr
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0.35	OPT	Opthea	Pair Corr
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0.77	GKOS	Glaukos Corp	Pair Corr
0.74	ITGR	Integer Holdings Corp	Pair Corr
0.73	ELMD	Electromed	Pair Corr
0.72	INGN	Inogen Inc	Pair Corr
0.61	LIVN	LivaNova PLC	Pair Corr
0.57	OTRK	Ontrak Inc	Pair Corr
0.51	NPCE	Neuropace	Pair Corr
0.45	MDAI	Spectral AI	Pair Corr
0.44	APYX	Apyx Medical	Pair Corr
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0.39	CYTH	Cyclo Therapeutics	Pair Corr

Related Correlations Analysis

	PBH	AMPH	DCPH	PCRX	COLL	PAHC	ELAN	RDY	SSIC	EGRX
PBH		-0.57	0.0	0.47	-0.46	0.74	-0.56	-0.72	0.0	0.0	PBH
AMPH	-0.57		0.0	-0.53	0.37	-0.31	0.86	0.76	0.0	0.0	AMPH
DCPH	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	DCPH
PCRX	0.47	-0.53	0.0		0.15	0.56	-0.28	-0.7	0.0	0.0	PCRX
COLL	-0.46	0.37	0.0	0.15		-0.2	0.45	0.25	0.0	0.0	COLL
PAHC	0.74	-0.31	0.0	0.56	-0.2		-0.17	-0.5	0.0	0.0	PAHC
ELAN	-0.56	0.86	0.0	-0.28	0.45	-0.17		0.67	0.0	0.0	ELAN
RDY	-0.72	0.76	0.0	-0.7	0.25	-0.5	0.67		0.0	0.0	RDY
SSIC	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SSIC
EGRX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		EGRX
	PBH	AMPH	DCPH	PCRX	COLL	PAHC	ELAN	RDY	SSIC	EGRX

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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

ELAN	+ 0.86	AMPH
RDY	+ 0.76	AMPH
PAHC	+ 0.74	PBH
RDY	+ 0.67	ELAN
PAHC	+ 0.56	PCRX
PCRX	+ 0.47	PBH

High negative correlations

RDY	- 0.72	PBH
RDY	- 0.7	PCRX
AMPH	- 0.57	PBH
ELAN	- 0.56	PBH
PCRX	- 0.53	AMPH
RDY	- 0.5	PAHC

Risk-Adjusted Indicators

There is a big difference between Perrigo Stock performing well and Perrigo Company 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 Perrigo Company'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
PBH	1.32	0.07	0.06	0.02	1.45	(1.53)	2.22	(2.43)	17.56
AMPH	1.70	(0.63)	0.00	(1.71)	0.00	0.00	3.23	(4.24)	14.01
DCPH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PCRX	2.05	0.32	0.14	0.86	2.28	(2.18)	4.65	(4.11)	16.33
COLL	1.74	0.02	0.04	(0.02)	1.89	(1.99)	3.47	(3.02)	18.67
PAHC	2.17	0.05	0.00	(0.04)	0.00	0.00	3.84	(5.81)	17.81
ELAN	1.61	(0.14)	0.00	(0.22)	0.00	0.00	2.86	(3.89)	11.55
RDY	1.14	(0.09)	0.00	(0.47)	0.00	0.00	1.96	(2.79)	10.15
SSIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EGRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Trending Assets

COLL

Collegium Pharmaceutical

30.01 0.08 0.27

SSIC

SSIC Old

0.00 0.00 0.00

RDY

Dr Reddys Laboratories

13.79 0.21 1.55

ELAN

Elanco Animal Health

10.57 -0.01 -0.09

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