Allergan Plc Related Correlations

Generate correlation matrix for Allergan Plc and other related equities to check the degree to which Allergan Plc price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Allergan Plc. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
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Please note, there is a significant difference between Allergan Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allergan Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allergan Plc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

PEDH
UDMY
SCHL
STG
NSC
DJCO
GZITF
PEDH
0.00.00.00.00.00.0
PEDH
UDMY
0.00.110.260.520.590.8
UDMY
SCHL
0.00.11-0.220.08-0.040.0
SCHL
STG
0.00.26-0.220.430.570.47
STG
NSC
0.00.520.080.430.750.63
NSC
DJCO
0.00.59-0.040.570.750.83
DJCO
GZITF
0.00.80.00.470.630.83
GZITF
PEDH
UDMY
SCHL
STG
NSC
DJCO
GZITF
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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   
GZITFDJCO
GZITFUDMY
DJCONSC
GZITFNSC
DJCOUDMY
DJCOSTG
  
High negative correlations   
STGSCHL
DJCOSCHL
GZITFSCHL
GZITFPEDH
DJCOPEDH
NSCPEDH

Risk-Adjusted Indicators

There is a big difference between Allergan Stock performing well and Allergan 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 Allergan 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.