AptarGroup Correlations

ATR Stock

USD 139.90 1.53 1.08%

The current 90-days correlation between AptarGroup and ICU Medical is -0.24 (i.e., Very good diversification). The correlation of AptarGroup 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.

AptarGroup Correlation With Market

Good diversification

The correlation between AptarGroup and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AptarGroup and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AptarGroup. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

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

Moving together with AptarGroup Stock

0.63	FEMY	Femasys	Pair Corr
0.77	BAX	Baxter International	Pair Corr
0.9	XRAY	Dentsply Sirona	Pair Corr
0.69	VRPX	Virpax Pharmaceuticals	Pair Corr
0.67	EUDA	EUDA Health Holdings	Pair Corr
0.65	WINT	Windtree Therapeutics	Pair Corr

Moving against AptarGroup Stock

0.85	STAA	STAAR Surgical	Pair Corr
0.83	LMAT	LeMaitre Vascular	Pair Corr
0.74	RVP	Retractable Technologies	Pair Corr
0.71	ATRC	AtriCure	Pair Corr
0.66	STXS	Stereotaxis	Pair Corr
0.59	WRBY	Warby Parker	Pair Corr
0.57	KRMD	Repro Med Systems	Pair Corr
0.54	DXR	Daxor	Pair Corr
0.48	BLFS	BioLife Solutions	Pair Corr
0.32	NEPH	Nephros	Pair Corr
0.69	ETHZ	ETHZilla	Pair Corr
0.61	BIO	Bio Rad Laboratories	Pair Corr
0.57	BNR	Burning Rock Biotech	Pair Corr
0.51	DGX	Quest Diagnostics	Pair Corr
0.49	STRRP	Star Equity Holdings	Pair Corr
0.48	CON	Concentra Group Holdings	Pair Corr
0.4	BVS	Bioventus	Pair Corr
0.39	DHR	Danaher	Pair Corr

Related Correlations Analysis

	ICUI	ANGO	HAE	COO	SLGN	CSL	SON	DCI	BRC
ICUI		0.6	0.68	0.03	0.62	0.0	-0.18	-0.55	-0.4	ICUI
ANGO	0.6		0.22	-0.16	0.5	-0.23	-0.36	-0.55	-0.33	ANGO
HAE	0.68	0.22		-0.1	0.68	0.21	-0.19	-0.6	-0.65	HAE
COO	0.03	-0.16	-0.1		0.16	0.52	0.46	0.13	0.24	COO
SLGN	0.62	0.5	0.68	0.16		0.39	-0.04	-0.71	-0.67	SLGN
CSL	0.0	-0.23	0.21	0.52	0.39		0.78	0.24	0.18	CSL
SON	-0.18	-0.36	-0.19	0.46	-0.04	0.78		0.62	0.59	SON
DCI	-0.55	-0.55	-0.6	0.13	-0.71	0.24	0.62		0.87	DCI
BRC	-0.4	-0.33	-0.65	0.24	-0.67	0.18	0.59	0.87		BRC
	ICUI	ANGO	HAE	COO	SLGN	CSL	SON	DCI	BRC

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

BRC	+ 0.87	DCI
SON	+ 0.78	CSL
HAE	+ 0.68	ICUI
SLGN	+ 0.68	HAE
SLGN	+ 0.62	ICUI
DCI	+ 0.62	SON

High negative correlations

DCI	- 0.71	SLGN
BRC	- 0.67	SLGN
BRC	- 0.65	HAE
DCI	- 0.6	HAE
DCI	- 0.55	ANGO
DCI	- 0.55	ICUI

Risk-Adjusted Indicators

There is a big difference between AptarGroup Stock performing well and AptarGroup 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 AptarGroup'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
ICUI	1.83	(0.17)	0.00	(0.02)	0.00	0.00	3.76	(3.72)	17.77
ANGO	2.10	(0.13)	(0.02)	0.03	2.91	(2.23)	4.62	(4.07)	23.06
HAE	1.72	(0.42)	0.00	(0.12)	0.00	0.00	2.69	(2.88)	29.50
COO	1.48	(0.22)	0.00	(0.08)	0.00	0.00	2.40	(2.31)	16.84
SLGN	1.13	(0.38)	0.00	(0.19)	0.00	0.00	2.08	(1.83)	18.30
CSL	1.68	(0.19)	(0.03)	0.02	2.71	(1.97)	3.80	(2.71)	18.10
SON	1.22	(0.08)	(0.03)	0.05	1.34	(1.30)	2.17	(1.85)	8.12
DCI	0.82	0.03	0.04	0.13	0.71	(0.92)	2.28	(1.48)	5.02
BRC	0.91	0.01	0.02	0.12	0.92	(0.97)	2.50	(1.72)	5.30

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