Solanbridge Correlations

The correlation of Solanbridge 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solanbridge Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Related Correlations Analysis

	EBS	BHC	NBIX	TEVA	HLN	TAK	ITCI	AMPH	ALVO
EBS		0.45	0.26	-0.2	-0.71	-0.59	0.58	0.08	0.65	EBS
BHC	0.45		-0.25	-0.37	-0.47	-0.59	0.64	0.29	0.65	BHC
NBIX	0.26	-0.25		0.11	-0.35	-0.11	0.39	-0.05	-0.21	NBIX
TEVA	-0.2	-0.37	0.11		0.36	0.56	-0.39	0.61	-0.01	TEVA
HLN	-0.71	-0.47	-0.35	0.36		0.81	-0.79	0.11	-0.57	HLN
TAK	-0.59	-0.59	-0.11	0.56	0.81		-0.74	0.17	-0.52	TAK
ITCI	0.58	0.64	0.39	-0.39	-0.79	-0.74		-0.02	0.34	ITCI
AMPH	0.08	0.29	-0.05	0.61	0.11	0.17	-0.02		0.34	AMPH
ALVO	0.65	0.65	-0.21	-0.01	-0.57	-0.52	0.34	0.34		ALVO
	EBS	BHC	NBIX	TEVA	HLN	TAK	ITCI	AMPH	ALVO

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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

TAK	+ 0.81	HLN
ALVO	+ 0.65	EBS
ALVO	+ 0.65	BHC
ITCI	+ 0.64	BHC
AMPH	+ 0.61	TEVA
ITCI	+ 0.58	EBS

High negative correlations

ITCI	- 0.79	HLN
ITCI	- 0.74	TAK
HLN	- 0.71	EBS
TAK	- 0.59	BHC
TAK	- 0.59	EBS
ALVO	- 0.57	HLN

Risk-Adjusted Indicators

There is a big difference between Solanbridge Stock performing well and Solanbridge 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 Solanbridge'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
EBS	4.63	0.02	0.03	0.12	5.94	(4.58)	11.40	(9.02)	39.28
BHC	2.04	0.53	0.22	(3.04)	1.48	(2.71)	6.30	(2.57)	17.92
NBIX	1.53	(0.41)	0.00	(0.18)	0.00	0.00	3.10	(2.10)	18.87
TEVA	1.33	(0.14)	0.00	0.51	0.00	0.00	2.51	(2.23)	12.42
HLN	0.76	(0.05)	0.00	(0.66)	0.00	0.00	1.25	(1.40)	4.56
TAK	0.66	(0.12)	0.00	(31.33)	0.00	0.00	1.21	(1.91)	4.86
ITCI	1.34	0.16	0.09	0.33	1.32	(1.59)	3.04	(2.53)	16.17
AMPH	1.62	(0.21)	0.00	(0.07)	0.00	0.00	3.37	(3.61)	17.30
ALVO	1.18	0.02	(0.07)	0.01	1.55	(1.31)	3.15	(2.83)	8.63

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Solanbridge Correlations

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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