Procaps Group Correlations

PROC Stock

USD 1.27 0.35 38.04%

The current 90-days correlation between Procaps Group SA and Silver Spike Investment is -0.06 (i.e., Good diversification). The correlation of Procaps Group 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.

Procaps Group Correlation With Market

Average diversification

The correlation between Procaps Group SA and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Procaps Group SA 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 Procaps Group SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Procaps Stock

0.73	A	Agilent Technologies	Pair Corr
0.78	ME	23Andme Holding	Pair Corr
0.61	VALN	Valneva SE ADR	Pair Corr
0.71	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.71	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.86	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.67	TPST	Tempest Therapeutics	Pair Corr
0.77	AGL	agilon health Buyout Trend	Pair Corr
0.87	TCHH	Trustcash Holdings	Pair Corr
0.61	SHG	Shinhan Financial	Pair Corr
0.72	HYMTF	Hyundai Motor	Pair Corr
0.74	TLK	Telkom Indonesia Tbk	Pair Corr

Moving against Procaps Stock

0.7	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.58	RNXT	RenovoRx	Pair Corr
0.49	KEP	Korea Electric Power	Pair Corr
0.83	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.8	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.71	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.52	T	ATT Inc Aggressive Push	Pair Corr
0.46	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.45	VFS	VinFast Auto Earnings Call Tomorrow	Pair Corr
0.45	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.37	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	SSIC	SHPHF	PAHC	EGRX	DLTNF	RAMMF	CVGRF	BHHKF	SPBBF
SSIC		0.25	0.3	-0.29	0.0	0.0	0.8	0.0	0.0	SSIC
SHPHF	0.25		0.1	-0.38	0.0	0.0	0.3	0.0	0.0	SHPHF
PAHC	0.3	0.1		-0.63	0.0	0.0	0.35	0.0	0.0	PAHC
EGRX	-0.29	-0.38	-0.63		0.0	0.0	-0.53	0.0	0.0	EGRX
DLTNF	0.0	0.0	0.0	0.0		1.0	0.0	-1.0	0.0	DLTNF
RAMMF	0.0	0.0	0.0	0.0	1.0		0.0	-1.0	0.0	RAMMF
CVGRF	0.8	0.3	0.35	-0.53	0.0	0.0		0.0	0.0	CVGRF
BHHKF	0.0	0.0	0.0	0.0	-1.0	-1.0	0.0		0.0	BHHKF
SPBBF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SPBBF
	SSIC	SHPHF	PAHC	EGRX	DLTNF	RAMMF	CVGRF	BHHKF	SPBBF

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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

RAMMF	+ 1.0	DLTNF
CVGRF	+ 0.8	SSIC
CVGRF	+ 0.35	PAHC
PAHC	+ 0.3	SSIC
CVGRF	+ 0.3	SHPHF
SHPHF	+ 0.25	SSIC

High negative correlations

BHHKF	- 1.0	RAMMF
BHHKF	- 1.0	DLTNF
EGRX	- 0.63	PAHC
CVGRF	- 0.53	EGRX
EGRX	- 0.38	SHPHF
EGRX	- 0.29	SSIC

Risk-Adjusted Indicators

There is a big difference between Procaps Stock performing well and Procaps Group 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 Procaps Group'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
SSIC	1.09	0.12	0.02	0.60	1.04	(1.35)	2.89	(1.82)	7.09
SHPHF	1.38	0.57	0.00	0.68	0.00	0.00	0.00	0.00	0.00
PAHC	1.96	0.16	0.13	0.21	1.62	(2.30)	5.36	(2.45)	15.47
EGRX	3.94	(1.12)	0.00	1.87	0.00	0.00	9.24	(8.24)	53.71
DLTNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RAMMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CVGRF	3.89	1.28	0.00	(3.25)	0.00	0.00	0.00	0.00	95.65
BHHKF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SPBBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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