China Pharma Correlations

CPHI Stock

USD 0.20 0.01 5.26%

The current 90-days correlation between China Pharma Holdings and Universe Pharmaceuticals is -0.14 (i.e., Good diversification). The correlation of China Pharma 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.

China Pharma Correlation With Market

Good diversification

The correlation between China Pharma Holdings 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 China Pharma Holdings 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 China Pharma Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with China Stock

0.77	OPT	Opthea	Pair Corr
0.62	PDSB	PDS Biotechnology Corp	Pair Corr
0.65	ABEO	Abeona Therapeutics	Pair Corr

Moving against China Stock

0.46	INKT	Mink Therapeutics	Pair Corr
0.43	RGNX	Regenxbio	Pair Corr
0.35	FDMT	4D Molecular Therapeutics	Pair Corr
0.49	AGIO	Agios Pharm	Pair Corr
0.38	PTIXW	Protagenic Therapeutics	Pair Corr
0.36	STOK	Stoke Therapeutics	Pair Corr
0.31	CI	Cigna Corp	Pair Corr

Related Correlations Analysis

	UPC	SNOA	ACOR	AKAN	HCANF	ALIM	SXTC	PTPI	BFRI	GHSI
UPC		0.24	-0.62	0.51	0.0	-0.82	0.31	0.19	0.33	-0.32	UPC
SNOA	0.24		0.18	0.58	0.0	-0.22	0.38	0.41	0.54	-0.35	SNOA
ACOR	-0.62	0.18		-0.36	0.0	0.46	-0.39	-0.29	0.04	-0.25	ACOR
AKAN	0.51	0.58	-0.36		0.0	-0.4	0.8	0.57	0.65	-0.34	AKAN
HCANF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	HCANF
ALIM	-0.82	-0.22	0.46	-0.4	0.0		-0.27	-0.07	-0.2	0.29	ALIM
SXTC	0.31	0.38	-0.39	0.8	0.0	-0.27		0.75	0.51	0.01	SXTC
PTPI	0.19	0.41	-0.29	0.57	0.0	-0.07	0.75		0.54	0.26	PTPI
BFRI	0.33	0.54	0.04	0.65	0.0	-0.2	0.51	0.54		-0.35	BFRI
GHSI	-0.32	-0.35	-0.25	-0.34	0.0	0.29	0.01	0.26	-0.35		GHSI
	UPC	SNOA	ACOR	AKAN	HCANF	ALIM	SXTC	PTPI	BFRI	GHSI

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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

SXTC	+ 0.8	AKAN
PTPI	+ 0.75	SXTC
BFRI	+ 0.65	AKAN
AKAN	+ 0.58	SNOA
PTPI	+ 0.57	AKAN
BFRI	+ 0.54	SNOA

High negative correlations

ALIM	- 0.82	UPC
ACOR	- 0.62	UPC
ALIM	- 0.4	AKAN
SXTC	- 0.39	ACOR
AKAN	- 0.36	ACOR
GHSI	- 0.35	BFRI

Risk-Adjusted Indicators

There is a big difference between China Stock performing well and China Pharma 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 China Pharma'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
UPC	7.59	(3.75)	0.00	(46.92)	0.00	0.00	12.27	(16.26)	73.25
SNOA	5.36	(0.64)	0.00	(0.15)	0.00	0.00	13.88	(13.23)	40.82
ACOR	5.60	1.07	0.17	3.20	5.26	(6.81)	14.01	(9.57)	95.04
AKAN	3.62	(0.72)	0.00	(0.34)	0.00	0.00	8.00	(7.22)	22.55
HCANF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALIM	2.74	1.06	0.64	0.68	0.37	(4.03)	3.28	(0.72)	82.36
SXTC	5.10	(0.84)	0.00	2.55	0.00	0.00	11.29	(9.80)	29.79
PTPI	3.98	(0.26)	0.00	0.77	0.00	0.00	7.41	(7.89)	45.54
BFRI	6.18	0.39	0.01	(0.10)	7.19	(7.22)	14.63	(11.70)	46.72
GHSI	5.47	0.77	0.06	(0.81)	8.11	(7.10)	18.66	(7.94)	101.05

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