Sanofi ADR Correlations

SNY Stock

USD 48.32 0.33 0.68%

The current 90-days correlation between Sanofi ADR and AstraZeneca PLC ADR is 0.52 (i.e., Very weak diversification). The correlation of Sanofi ADR 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.

Sanofi ADR Correlation With Market

Very weak diversification

The correlation between Sanofi ADR and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sanofi ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sanofi Stock

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

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

Moving against Sanofi Stock

0.55	KMDA	Kamada	Pair Corr
0.55	XOM	Exxon Mobil Corp	Pair Corr
0.52	IBM	International Business Earnings Call This Week	Pair Corr
0.51	NKTR	Nektar Therapeutics	Pair Corr
0.43	CSCO	Cisco Systems	Pair Corr
0.43	JPM	JPMorgan Chase	Pair Corr
0.42	CAT	Caterpillar	Pair Corr
0.36	MSFT	Microsoft	Pair Corr
0.35	AXP	American Express	Pair Corr
0.32	PFE	Pfizer Inc	Pair Corr
0.31	GE	GE Aerospace Earnings Call This Week	Pair Corr

Related Correlations Analysis

	AZN	RHHBY	GSK	MRK	NVS	BMY	GILD	BAYRY	AMGN	ABBV
AZN		0.81	0.91	0.42	0.61	0.38	0.56	0.0	0.56	0.66	AZN
RHHBY	0.81		0.7	0.62	0.78	0.31	0.56	0.0	0.54	0.7	RHHBY
GSK	0.91	0.7		0.16	0.59	0.16	0.59	0.0	0.45	0.52	GSK
MRK	0.42	0.62	0.16		0.6	0.4	0.42	0.0	0.61	0.67	MRK
NVS	0.61	0.78	0.59	0.6		0.05	0.83	0.0	0.74	0.49	NVS
BMY	0.38	0.31	0.16	0.4	0.05		0.16	0.0	0.42	0.18	BMY
GILD	0.56	0.56	0.59	0.42	0.83	0.16		0.0	0.79	0.31	GILD
BAYRY	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	BAYRY
AMGN	0.56	0.54	0.45	0.61	0.74	0.42	0.79	0.0		0.49	AMGN
ABBV	0.66	0.7	0.52	0.67	0.49	0.18	0.31	0.0	0.49		ABBV
	AZN	RHHBY	GSK	MRK	NVS	BMY	GILD	BAYRY	AMGN	ABBV

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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

GSK	+ 0.91	AZN
GILD	+ 0.83	NVS
RHHBY	+ 0.81	AZN
AMGN	+ 0.79	GILD
NVS	+ 0.78	RHHBY
AMGN	+ 0.74	NVS

High negative correlations

ABBV	- 0.0	BAYRY
AMGN	- 0.0	BAYRY
BAYRY	- 0.0	GILD
BAYRY	- 0.0	BMY
BAYRY	- 0.0	NVS
BAYRY	- 0.0	MRK

Risk-Adjusted Indicators

There is a big difference between Sanofi Stock performing well and Sanofi ADR 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 Sanofi ADR'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
AZN	1.10	(0.07)	(0.07)	0.03	1.48	(1.10)	2.55	(2.36)	6.69
RHHBY	1.20	0.00	(0.04)	0.13	1.40	(1.28)	2.51	(2.61)	6.81
GSK	1.35	(0.01)	(0.03)	0.11	1.90	(1.24)	2.26	(3.28)	8.44
MRK	1.39	(0.09)	(0.05)	0.04	1.96	(1.32)	2.88	(3.31)	10.58
NVS	1.00	0.01	(0.05)	0.16	1.23	(0.99)	2.29	(1.95)	6.56
BMY	1.39	(0.22)	0.00	(0.10)	0.00	0.00	2.06	(3.30)	8.99
GILD	1.51	(0.10)	(0.04)	0.04	1.83	(1.61)	2.83	(3.00)	11.41
BAYRY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMGN	1.34	(0.11)	(0.06)	0.02	1.84	(1.37)	2.87	(3.02)	9.43
ABBV	1.25	(0.02)	(0.01)	0.11	1.76	(1.20)	2.66	(2.82)	8.99

Sanofi ADR Corporate Management

Roy Papatheodorou	Executive Counsel	Profile
FranoisXavier Roger	Chief Officer	Profile
Olivier Charmeil	Executive Medicines	Profile
Paul Hudson	CEO Director	Profile
Madeleine Roach	Executive Operations	Profile
Pierre Chancel	Senior Marketing	Profile
Bruno Mnard	Chief officer	Profile

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