Evotec SE Correlations

EVOTF Stock

USD 9.34 2.57 37.96%

The current 90-days correlation between Evotec SE and Pacira BioSciences, is 0.57 (i.e., Very weak diversification). The correlation of Evotec SE 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.

Evotec SE Correlation With Market

Average diversification

The correlation between Evotec SE and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evotec SE and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Evotec SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evotec SE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Evotec SE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Evotec SE to buy it.

Moving together with Evotec Pink Sheet

0.72

MSFT

Microsoft Aggressive Push

Pair Corr

Moving against Evotec Pink Sheet

0.35	PBCRF	PT Bank Central	Pair Corr
0.34	TEVA	Teva Pharmaceutical	Pair Corr
0.5	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.49	INTC	Intel Sell-off Trend	Pair Corr
0.48	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.33	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	PCRX	COLL	PBH	PAHC	HCM	NBIX	DCPH	IRWD	ALKS	AVDL
PCRX		-0.59	0.59	0.65	0.11	0.47	-0.35	-0.37	0.6	-0.39	PCRX
COLL	-0.59		-0.91	-0.56	0.5	-0.75	0.09	0.52	-0.4	0.51	COLL
PBH	0.59	-0.91		0.55	-0.6	0.86	-0.15	-0.51	0.62	-0.56	PBH
PAHC	0.65	-0.56	0.55		-0.01	0.42	-0.07	-0.1	0.34	-0.18	PAHC
HCM	0.11	0.5	-0.6	-0.01		-0.65	-0.19	0.17	-0.28	0.27	HCM
NBIX	0.47	-0.75	0.86	0.42	-0.65		0.05	-0.28	0.6	-0.28	NBIX
DCPH	-0.35	0.09	-0.15	-0.07	-0.19	0.05		0.56	-0.17	0.56	DCPH
IRWD	-0.37	0.52	-0.51	-0.1	0.17	-0.28	0.56		-0.26	0.79	IRWD
ALKS	0.6	-0.4	0.62	0.34	-0.28	0.6	-0.17	-0.26		-0.46	ALKS
AVDL	-0.39	0.51	-0.56	-0.18	0.27	-0.28	0.56	0.79	-0.46		AVDL
	PCRX	COLL	PBH	PAHC	HCM	NBIX	DCPH	IRWD	ALKS	AVDL

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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

NBIX	+ 0.86	PBH
AVDL	+ 0.79	IRWD
PAHC	+ 0.65	PCRX
ALKS	+ 0.62	PBH
ALKS	+ 0.6	PCRX
ALKS	+ 0.6	NBIX

High negative correlations

PBH	- 0.91	COLL
NBIX	- 0.75	COLL
NBIX	- 0.65	HCM
HCM	- 0.6	PBH
COLL	- 0.59	PCRX
AVDL	- 0.56	PBH

Risk-Adjusted Indicators

There is a big difference between Evotec Pink Sheet performing well and Evotec SE 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 Evotec SE'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
PCRX	2.20	0.55	0.26	0.58	1.79	(2.65)	5.05	(3.21)	16.65
COLL	1.89	(0.37)	0.00	(0.21)	0.00	0.00	2.95	(4.47)	12.29
PBH	0.92	0.12	0.09	0.26	0.98	(1.00)	1.78	(1.74)	5.58
PAHC	1.70	0.08	0.07	0.18	1.52	(1.93)	3.70	(2.46)	10.13
HCM	2.62	0.03	(0.02)	0.18	2.87	(3.06)	5.32	(5.01)	15.65
NBIX	1.13	(0.01)	0.00	0.10	1.33	(1.22)	2.74	(2.01)	11.43
DCPH	1.66	(0.23)	0.00	(0.88)	0.00	0.00	3.27	(3.25)	9.66
IRWD	3.49	(0.35)	0.00	(0.02)	0.00	0.00	6.62	(6.74)	22.57
ALKS	1.80	0.01	0.05	0.12	1.96	(1.98)	4.23	(3.43)	9.74
AVDL	2.59	(0.51)	0.00	(0.45)	0.00	0.00	4.79	(5.87)	39.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in Evotec SE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Evotec SE Corporate Management

Matthias Evers	Chief Board	Profile
Volker Braun	VP ESG	Profile
Cord Dohrmann	Chief Scientific Officer and Member of Management Board	Profile
Monika Conradt	Global HR	Profile
Christian Dargel	EVP Compliance	Profile

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