Repligen Correlations

RGEN Stock

USD 142.58 0.82 0.58%

The current 90-days correlation between Repligen and Merit Medical Systems is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Repligen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Repligen moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Repligen Correlation With Market

Modest diversification

The correlation between Repligen and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Repligen 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 Repligen. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Repligen Stock, please use our How to Invest in Repligen guide.

Moving against Repligen Stock

0.35	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.33	FLGC	Flora Growth Corp	Pair Corr
0.38	LPCN	Lipocine	Pair Corr
0.32	KZR	Kezar Life Sciences	Pair Corr
0.32	GILD	Gilead Sciences	Pair Corr

Related Correlations Analysis

	ISRG	RMD	MMSI	ICUI	COO	WST	BDX	HOLX	TFX	HAE
ISRG		0.13	0.72	0.04	-0.38	0.61	-0.56	-0.51	-0.84	0.68	ISRG
RMD	0.13		0.33	0.11	0.46	0.18	-0.04	0.27	0.0	-0.06	RMD
MMSI	0.72	0.33		0.06	-0.1	0.61	-0.7	-0.38	-0.77	0.73	MMSI
ICUI	0.04	0.11	0.06		0.58	-0.16	0.31	0.1	0.03	0.06	ICUI
COO	-0.38	0.46	-0.1	0.58		-0.25	0.41	0.56	0.47	-0.39	COO
WST	0.61	0.18	0.61	-0.16	-0.25		-0.4	-0.35	-0.61	0.56	WST
BDX	-0.56	-0.04	-0.7	0.31	0.41	-0.4		0.53	0.68	-0.59	BDX
HOLX	-0.51	0.27	-0.38	0.1	0.56	-0.35	0.53		0.6	-0.68	HOLX
TFX	-0.84	0.0	-0.77	0.03	0.47	-0.61	0.68	0.6		-0.73	TFX
HAE	0.68	-0.06	0.73	0.06	-0.39	0.56	-0.59	-0.68	-0.73		HAE
	ISRG	RMD	MMSI	ICUI	COO	WST	BDX	HOLX	TFX	HAE

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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

HAE	+ 0.73	MMSI
MMSI	+ 0.72	ISRG
HAE	+ 0.68	ISRG
TFX	+ 0.68	BDX
WST	+ 0.61	ISRG
WST	+ 0.61	MMSI

High negative correlations

TFX	- 0.84	ISRG
TFX	- 0.77	MMSI
HAE	- 0.73	TFX
BDX	- 0.7	MMSI
HAE	- 0.68	HOLX
TFX	- 0.61	WST

Risk-Adjusted Indicators

There is a big difference between Repligen Stock performing well and Repligen 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 Repligen'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
ISRG	1.06	0.10	0.05	0.28	0.99	(1.27)	2.03	(1.87)	11.94
RMD	1.17	0.12	0.01	0.66	1.55	(1.18)	2.08	(2.59)	12.38
MMSI	0.88	0.13	0.08	0.37	0.71	(0.96)	2.11	(1.23)	6.42
ICUI	1.21	(0.05)	(0.02)	0.08	1.31	(1.31)	2.87	(2.38)	7.25
COO	0.87	0.07	(0.01)	0.31	0.85	(0.96)	1.39	(1.64)	13.98
WST	1.78	(0.02)	0.00	0.10	2.08	(2.00)	4.50	(3.02)	22.42
BDX	0.83	(0.15)	0.00	(0.11)	0.00	0.00	1.49	(1.42)	7.77
HOLX	0.88	(0.06)	0.00	(0.09)	0.00	0.00	1.81	(1.79)	8.14
TFX	1.15	(0.42)	0.00	(0.39)	0.00	0.00	1.71	(1.92)	17.00
HAE	1.44	0.08	0.05	0.21	1.37	(1.69)	4.24	(2.10)	14.50

Repligen Corporate Management

Christine Gebski	Senior Chromatography	Profile
Kimberly Cornwell	General Counsel	Profile
Dianne Heiler	Senior Sustainability	Profile
James Bylund	Chief Officer	Profile
Kola Otitoju	Senior Development	Profile
Stephen Tingley	VP Sales	Profile
Jaime Humara	Senior Marketing	Profile

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