AptarGroup Correlations

ATR Stock

USD 171.73 0.31 0.18%

The current 90-days correlation between AptarGroup and Merit Medical Systems is 0.2 (i.e., Modest diversification). The correlation of AptarGroup 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.

AptarGroup Correlation With Market

Very weak diversification

The correlation between AptarGroup and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AptarGroup and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with AptarGroup Stock

0.79	WRBY	Warby Parker Downward Rally	Pair Corr
0.65	INFU	InfuSystems Holdings	Pair Corr
0.79	ISRG	Intuitive Surgical Fiscal Year End 28th of January 2025	Pair Corr
0.61	KRMD	Repro Med Systems	Pair Corr
0.69	LMAT	LeMaitre Vascular	Pair Corr
0.7	NXGL	Nexgel Inc	Pair Corr
0.8	PDEX	Pro Dex	Pair Corr
0.83	ATRC	AtriCure	Pair Corr

Moving against AptarGroup Stock

0.81	RVP	Retractable Technologies	Pair Corr
0.8	BAX	Baxter International	Pair Corr
0.77	HBIO	Harvard Bioscience	Pair Corr
0.75	XRAY	Dentsply Sirona	Pair Corr
0.7	ALC	Alcon AG	Pair Corr
0.59	STSSW	Sharps Technology Warrant	Pair Corr
0.85	MHUA	Meihua International	Pair Corr
0.82	STSS	Sharps Technology	Pair Corr
0.8	AVGR	Avinger	Pair Corr
0.77	MLSS	Milestone Scientific	Pair Corr
0.77	NEPH	Nephros	Pair Corr
0.58	OSUR	OraSure Technologies	Pair Corr
0.57	POAI	Predictive Oncology	Pair Corr
0.56	POCI	Precision Optics, Downward Rally	Pair Corr
0.42	LUCYW	Innovative Eyewear	Pair Corr
0.39	STXS	Stereotaxis	Pair Corr
0.89	BNGO	Bionano Genomics	Pair Corr
0.77	ME	23Andme Holding	Pair Corr
0.61	OASMY	Oasmia Pharmaceutical	Pair Corr

Related Correlations Analysis

	HAE	MMSI	ANGO	NVST	AKYA	ATRC	ATRI	ICUI	COO	TFX
HAE		0.74	0.0	0.63	-0.23	0.66	0.25	-0.18	-0.48	-0.73	HAE
MMSI	0.74		0.17	0.8	-0.34	0.83	0.24	-0.23	-0.35	-0.81	MMSI
ANGO	0.0	0.17		0.05	-0.21	-0.11	0.01	-0.22	0.15	0.25	ANGO
NVST	0.63	0.8	0.05		-0.15	0.86	0.25	-0.1	-0.36	-0.82	NVST
AKYA	-0.23	-0.34	-0.21	-0.15		-0.05	-0.39	0.76	0.41	0.19	AKYA
ATRC	0.66	0.83	-0.11	0.86	-0.05		0.29	-0.06	-0.4	-0.93	ATRC
ATRI	0.25	0.24	0.01	0.25	-0.39	0.29		-0.59	-0.6	-0.39	ATRI
ICUI	-0.18	-0.23	-0.22	-0.1	0.76	-0.06	-0.59		0.56	0.22	ICUI
COO	-0.48	-0.35	0.15	-0.36	0.41	-0.4	-0.6	0.56		0.57	COO
TFX	-0.73	-0.81	0.25	-0.82	0.19	-0.93	-0.39	0.22	0.57		TFX
	HAE	MMSI	ANGO	NVST	AKYA	ATRC	ATRI	ICUI	COO	TFX

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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

ATRC	+ 0.86	NVST
ATRC	+ 0.83	MMSI
NVST	+ 0.8	MMSI
ICUI	+ 0.76	AKYA
MMSI	+ 0.74	HAE
ATRC	+ 0.66	HAE

High negative correlations

TFX	- 0.93	ATRC
TFX	- 0.82	NVST
TFX	- 0.81	MMSI
TFX	- 0.73	HAE
COO	- 0.6	ATRI
ICUI	- 0.59	ATRI

Risk-Adjusted Indicators

There is a big difference between AptarGroup Stock performing well and AptarGroup 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 AptarGroup'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
HAE	1.48	0.21	0.08	1.08	1.31	(1.76)	4.24	(2.10)	14.50
MMSI	0.87	0.09	0.03	0.30	0.77	(0.95)	2.11	(1.23)	6.42
ANGO	2.12	(0.01)	0.00	0.13	0.00	0.00	3.71	(4.03)	18.73
NVST	1.87	0.28	0.09	11.42	1.73	(2.22)	3.96	(2.68)	13.77
AKYA	3.85	(0.34)	0.00	(0.03)	0.00	0.00	8.59	(4.96)	40.94
ATRC	1.80	0.43	0.24	0.50	1.37	(2.13)	4.67	(3.12)	23.09
ATRI	0.39	(0.02)	0.00	(0.36)	0.00	0.00	0.94	(1.35)	6.29
ICUI	1.26	(0.15)	0.00	(0.03)	0.00	0.00	2.77	(2.50)	10.44
COO	0.89	0.11	0.01	0.61	0.85	(0.96)	1.53	(1.64)	13.98
TFX	1.18	(0.42)	0.00	(0.41)	0.00	0.00	1.71	(1.92)	17.00

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