ACADIA Pharmaceuticals Correlations

ACAD Stock

USD 21.24 0.29 1.38%

The current 90-days correlation between ACADIA Pharmaceuticals and Sun Country Airlines is 0.29 (i.e., Modest diversification). The correlation of ACADIA Pharmaceuticals 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.

ACADIA Pharmaceuticals Correlation With Market

Good diversification

The correlation between ACADIA Pharmaceuticals and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ACADIA Pharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ACADIA Stock

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

For information on how to trade ACADIA Stock refer to our How to Trade ACADIA Stock guide.

Moving together with ACADIA Stock

0.73	GSK	GlaxoSmithKline PLC ADR	Pair Corr
0.71	NVS	Novartis AG ADR	Pair Corr
0.64	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.63	GILD	Gilead Sciences	Pair Corr
0.91	GRFS	Grifols SA ADR	Pair Corr
0.76	MIRA	MIRA Pharmaceuticals,	Pair Corr
0.72	AMRN	Amarin PLC	Pair Corr
0.76	BIIB	Biogen Inc	Pair Corr
0.74	600201	Jinyu Bio Technology	Pair Corr
0.63	BKRKF	PT Bank Rakyat	Pair Corr
0.61	PPERF	Bank Mandiri Persero	Pair Corr
0.67	PPERY	Bank Mandiri Persero	Pair Corr
0.69	PBCRF	PT Bank Central	Pair Corr
0.67	BKRKY	Bank Rakyat	Pair Corr
0.86	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.87	TLK	Telkom Indonesia Tbk	Pair Corr
0.86	KLAC	KLA Tencor	Pair Corr
0.75	FLYW	Flywire Corp	Pair Corr

Moving against ACADIA Stock

0.92	AVH	Avita Medical	Pair Corr
0.8	ACW	Actinogen Medical	Pair Corr
0.47	OGN	Organon	Pair Corr
0.43	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr
0.39	ROQ	Roquefort Investments PLC	Pair Corr
0.42	MCD	McDonalds Sell-off Trend	Pair Corr

Related Correlations Analysis

	GZITF	SNCY	UG	GRMHF	GAINN	LRFC	SLRC	WM
GZITF		0.17	-0.19	0.0	0.43	0.27	0.22	-0.11	GZITF
SNCY	0.17		0.11	0.0	0.28	0.19	0.68	0.19	SNCY
UG	-0.19	0.11		0.0	-0.23	0.65	0.29	0.03	UG
GRMHF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	GRMHF
GAINN	0.43	0.28	-0.23	0.0		-0.33	0.46	0.23	GAINN
LRFC	0.27	0.19	0.65	0.0	-0.33		0.13	-0.18	LRFC
SLRC	0.22	0.68	0.29	0.0	0.46	0.13		0.53	SLRC
WM	-0.11	0.19	0.03	0.0	0.23	-0.18	0.53		WM
	GZITF	SNCY	UG	GRMHF	GAINN	LRFC	SLRC	WM

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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

SLRC	+ 0.68	SNCY
LRFC	+ 0.65	UG
WM	+ 0.53	SLRC
SLRC	+ 0.46	GAINN
GAINN	+ 0.43	GZITF
SLRC	+ 0.29	UG

High negative correlations

LRFC	- 0.33	GAINN
GAINN	- 0.23	UG
UG	- 0.19	GZITF
WM	- 0.18	LRFC
WM	- 0.11	GZITF
WM	- 0.0	GRMHF

Risk-Adjusted Indicators

There is a big difference between ACADIA Stock performing well and ACADIA Pharmaceuticals 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 ACADIA Pharmaceuticals' 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
GZITF	0.11	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.57
SNCY	3.50	0.13	(0.01)	(0.12)	4.40	(4.21)	7.16	(7.55)	32.42
UG	1.71	(0.16)	0.00	1.78	0.00	0.00	4.30	(3.78)	11.73
GRMHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GAINN	0.25	0.02	(0.20)	2.53	0.26	(0.35)	0.64	(0.52)	2.10
LRFC	1.28	(0.18)	0.00	(11.00)	0.00	0.00	2.28	(3.49)	11.85
SLRC	1.20	(0.03)	0.00	0.23	0.00	0.00	2.08	(3.17)	10.50
WM	0.91	(0.01)	0.00	0.19	0.00	0.00	1.58	(2.36)	6.76

ACADIA Pharmaceuticals Corporate Management

Parag PharmD	Senior Franchise	Profile
Bob Mischler	Senior Strategy	Profile
Douglas MD	Executive Development	Profile
James Kihara	Senior Finance	Profile
Rob Ackles	Senior Officer	Profile

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