Amarin PLC Correlations

AMRN Stock

USD 16.73 0.08 0.48%

The current 90-days correlation between Amarin PLC and Ainsworth Game Technology is -0.27 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amarin PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amarin PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Amarin PLC Correlation With Market

Weak diversification

The correlation between Amarin PLC and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amarin PLC and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amarin Stock

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

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

Moving together with Amarin Stock

0.87	NVS	Novartis AG ADR	Pair Corr
0.61	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.83	GRFS	Grifols SA ADR	Pair Corr
0.82	600201	Jinyu Bio Technology	Pair Corr
0.78	OBI	Ondine Biomedical	Pair Corr
0.84	TLK	Telkom Indonesia Tbk	Pair Corr
0.73	PTAIF	PT Astra International	Pair Corr
0.88	KLAC	KLA Tencor	Pair Corr
0.68	FLYW	Flywire Corp	Pair Corr

Moving against Amarin Stock

0.74	AVH	Avita Medical	Pair Corr
0.67	ACW	Actinogen Medical	Pair Corr
0.63	ROQ	Roquefort Investments PLC	Pair Corr
0.55	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr
0.52	AVE	Avecho Biotechnology	Pair Corr
0.39	OGN	Organon	Pair Corr
0.35	SNY	Sanofi ADR	Pair Corr
0.64	MCD	McDonalds Sell-off Trend	Pair Corr

Related Correlations Analysis

	AINSF	BRAG	RBC	TTWO	IGT	HURC	GTLS-PB	EME
AINSF		0.73	0.57	0.66	0.22	0.15	0.72	0.58	AINSF
BRAG	0.73		0.7	0.67	0.3	0.28	0.84	0.68	BRAG
RBC	0.57	0.7		0.86	-0.2	0.35	0.71	0.93	RBC
TTWO	0.66	0.67	0.86		0.01	0.49	0.69	0.88	TTWO
IGT	0.22	0.3	-0.2	0.01		0.31	0.33	-0.12	IGT
HURC	0.15	0.28	0.35	0.49	0.31		0.45	0.51	HURC
GTLS-PB	0.72	0.84	0.71	0.69	0.33	0.45		0.78	GTLS-PB
EME	0.58	0.68	0.93	0.88	-0.12	0.51	0.78		EME
	AINSF	BRAG	RBC	TTWO	IGT	HURC	GTLS-PB	EME

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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

EME	+ 0.93	RBC
EME	+ 0.88	TTWO
TTWO	+ 0.86	RBC
GTLS-PB	+ 0.84	BRAG
EME	+ 0.78	GTLS-PB
BRAG	+ 0.73	AINSF

High negative correlations

IGT	- 0.2	RBC
EME	- 0.12	IGT

Risk-Adjusted Indicators

There is a big difference between Amarin Stock performing well and Amarin PLC 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 Amarin PLC'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
AINSF	2.41	0.28	0.02	(0.29)	2.63	(6.33)	8.89	(5.77)	29.17
BRAG	2.34	0.07	(0.01)	(0.75)	2.94	(2.49)	4.98	(4.83)	13.70
RBC	1.44	0.26	0.08	12.75	1.51	(1.56)	3.28	(2.52)	13.18
TTWO	1.44	0.22	0.04	(1.90)	2.29	(1.46)	3.64	(3.58)	12.72
IGT	1.84	0.00	(0.02)	0.09	2.96	(1.77)	3.29	(4.92)	19.97
HURC	2.45	0.39	0.11	1.61	2.52	(2.63)	5.50	(4.46)	11.67
GTLS-PB	2.47	0.12	0.05	0.17	3.41	(2.75)	6.16	(5.95)	17.47
EME	1.72	0.49	0.20	0.51	2.10	(1.94)	4.07	(3.53)	14.62

Amarin PLC Corporate Management

Jason JD	Chief VP	Profile
Joseph JD	Exec Counsel	Profile
Jordan Zwick	Senior Relations	Profile
Alina Kolomeyer	Director Communications	Profile
Nabil Abadir	Chief Affairs	Profile

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