Alcon AG Correlations
| ALC Stock | USD 78.20 1.11 1.40% |
The correlation of Alcon AG 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.
Alcon AG Correlation With Market
Average diversification
The correlation between Alcon AG and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alcon AG and DJI in the same portfolio, assuming nothing else is changed.
Moving against Alcon Stock
| 0.55 | XTNT | Xtant Medical Holdings | PairCorr |
| 0.5 | AMS | Advanced Medical Sol | PairCorr |
| 0.39 | AHC | Austco Healthcare | PairCorr |
| 0.34 | OTC | Ocumetics Technology Corp | PairCorr |
| 0.33 | 688358 | Chison Medical Techn | PairCorr |
| 0.31 | OM | Outset Medical | PairCorr |
| 0.55 | 688613 | Allgens Medical Tech | PairCorr |
| 0.37 | NTI | Neurotech International | PairCorr |
| 0.34 | RHT | Resonance Health | PairCorr |
| 0.45 | EYE | Nova EYE Medical Earnings Call This Week | PairCorr |
| 0.43 | KMTS | Kestra Medical Techn | PairCorr |
Related Correlations Analysis
| 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | PCOLF | ||
| 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | COUTF | ||
| 0.0 | 0.0 | -0.04 | 0.04 | -0.64 | 0.0 | HTOCF | ||
| 0.0 | 0.0 | -0.04 | -0.1 | -0.35 | 0.0 | GLBE | ||
| 0.0 | 0.0 | 0.04 | -0.1 | -0.06 | 0.0 | COE | ||
| 0.0 | 0.0 | -0.64 | -0.35 | -0.06 | 0.0 | CDROW | ||
| 1.0 | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | GUNGF | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Alcon Stock performing well and Alcon AG 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 Alcon AG'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PCOLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| COUTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HTOCF | 0.09 | 0.03 | 0.00 | 3.42 | 0.00 | 0.00 | 1.52 | |||
| GLBE | 1.83 | 0.20 | 0.09 | 0.21 | 1.96 | 4.66 | 9.73 | |||
| COE | 2.76 | 0.24 | 0.08 | 0.23 | 2.76 | 9.42 | 25.25 | |||
| CDROW | 2.36 | (0.28) | 0.00 | 0.36 | 0.00 | 4.40 | 17.26 | |||
| GUNGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Alcon AG Corporate Management
| Royce Bedward | General VP | Profile | |
| Dieter Spaelti | Independent Director | Profile | |
| Daniel Cravens | Vice Relations | Profile | |
| Michael Onuscheck | President - Global Businesses and Innovation | Profile | |
| Ed McGough | Senior Operations | Profile |