Viatris Correlations

VTRS Stock

USD 11.01 0.18 1.61%

The current 90-days correlation between Viatris and Dr Reddys Laboratories is 0.23 (i.e., Modest diversification). The correlation of Viatris 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.

Viatris Correlation With Market

Very weak diversification

The correlation between Viatris and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Viatris and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Viatris Stock

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

For more information on how to buy Viatris Stock please use our How to Invest in Viatris guide.

Moving together with Viatris Stock

0.63

WVE

Wave Life Sciences

Pair Corr

Moving against Viatris Stock

0.79	IOLCP	IOL Chemicals	Pair Corr
0.66	CPHI	China Pharma Holdings	Pair Corr
0.63	600079	Humanwell Healthcare	Pair Corr
0.56	EAH	Eco Animal Health	Pair Corr
0.53	AARTIDRUGS	Aarti Drugs Limited	Pair Corr
0.49	300363	Porton Fine Chemicals	Pair Corr
0.35	TTKHLTCARE	TTK Healthcare	Pair Corr
0.34	000813	Dezhan HealthCare	Pair Corr
0.34	KREBSBIO	Krebs Biochemicals and	Pair Corr
0.73	ILLR	Triller Group	Pair Corr
0.68	PAR	Par Drugs And	Pair Corr
0.49	GS	Goldman Sachs Group	Pair Corr
0.47	BMXC	Bemax Inc	Pair Corr
0.42	DRDGF	Drdgold	Pair Corr
0.36	PLG	Platinum Group Metals	Pair Corr
0.33	PSGTF	PT Semen Indonesia	Pair Corr
0.31	BLNK	Blink Charging	Pair Corr

Related Correlations Analysis

	RDY	MRNA	ELAN	EXAS	BAX	NBIX	ROIV	IONS	RGC	BBIO
RDY		0.06	-0.38	-0.31	0.7	-0.03	-0.4	-0.17	0.06	-0.54	RDY
MRNA	0.06		0.16	0.02	0.12	-0.39	0.06	0.05	0.46	-0.03	MRNA
ELAN	-0.38	0.16		0.94	-0.71	0.54	0.95	0.84	0.5	0.85	ELAN
EXAS	-0.31	0.02	0.94		-0.73	0.67	0.96	0.92	0.44	0.84	EXAS
BAX	0.7	0.12	-0.71	-0.73		-0.53	-0.81	-0.57	-0.05	-0.75	BAX
NBIX	-0.03	-0.39	0.54	0.67	-0.53		0.64	0.62	0.04	0.56	NBIX
ROIV	-0.4	0.06	0.95	0.96	-0.81	0.64		0.87	0.43	0.87	ROIV
IONS	-0.17	0.05	0.84	0.92	-0.57	0.62	0.87		0.59	0.71	IONS
RGC	0.06	0.46	0.5	0.44	-0.05	0.04	0.43	0.59		0.29	RGC
BBIO	-0.54	-0.03	0.85	0.84	-0.75	0.56	0.87	0.71	0.29		BBIO
	RDY	MRNA	ELAN	EXAS	BAX	NBIX	ROIV	IONS	RGC	BBIO

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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

ROIV	+ 0.96	EXAS
ROIV	+ 0.95	ELAN
EXAS	+ 0.94	ELAN
IONS	+ 0.92	EXAS
IONS	+ 0.87	ROIV
BBIO	+ 0.87	ROIV

High negative correlations

ROIV	- 0.81	BAX
BBIO	- 0.75	BAX
BAX	- 0.73	EXAS
BAX	- 0.71	ELAN
IONS	- 0.57	BAX
BBIO	- 0.54	RDY

Risk-Adjusted Indicators

There is a big difference between Viatris Stock performing well and Viatris 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 Viatris' 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
RDY	0.94	(0.03)	(0.07)	0.00	1.73	(0.95)	2.08	(1.82)	10.67
MRNA	2.76	(0.13)	0.00	0.06	3.23	(3.06)	5.60	(4.91)	22.21
ELAN	1.53	0.38	0.21	0.85	1.24	(1.86)	3.64	(2.57)	9.50
EXAS	1.53	0.63	0.38	0.68	1.08	(1.85)	3.90	(2.15)	11.41
BAX	1.65	(0.51)	0.00	(0.26)	0.00	0.00	2.91	(2.98)	18.10
NBIX	1.35	0.16	0.07	0.30	1.66	(1.40)	3.43	(2.41)	10.31
ROIV	1.48	0.92	0.63	7.71	0.47	(2.02)	4.37	(2.13)	9.88
IONS	2.04	1.02	0.47	(1.63)	0.98	(2.55)	4.18	(2.30)	40.28
RGC	4.23	(0.04)	0.02	0.11	5.19	(4.76)	9.01	(8.05)	34.79
BBIO	2.14	0.36	0.19	0.39	1.79	(2.62)	4.20	(3.40)	22.02

Viatris Corporate Management

Melissa Trombetta	Head Relations	Profile
Andrew Enrietti	Chief Officer	Profile
Theodora Mistras	Chief Officer	Profile
David Bayles	Chief Officer	Profile
Sanjeev Sethi	Chief Officer	Profile
Ramkumar Rayapureddy	Chief Officer	Profile

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