PetIQ Correlations

Summary

PETQDelisted Stock

USD 30.98 0.00 0.00%

The current 90-days correlation between PetIQ Inc and Prestige Brand Holdings is -0.08 (i.e., Good diversification). The correlation of PetIQ 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.

PetIQ Correlation With Market

Significant diversification

The correlation between PetIQ Inc and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PetIQ Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. 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.

Moving together with PetIQ Stock

0.64	SSNLF	Samsung Electronics	Pair Corr
0.73	PTAIF	PT Astra International	Pair Corr
0.78	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.84	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.62	T	ATT Inc Aggressive Push	Pair Corr
0.7	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.77	HD	Home Depot	Pair Corr
0.64	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.66	AXP	American Express Sell-off Trend	Pair Corr
0.68	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.61	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against PetIQ Stock

0.63	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.58	PPERF	Bank Mandiri Persero	Pair Corr
0.56	BKRKF	PT Bank Rakyat	Pair Corr
0.52	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.4	BKRKY	Bank Rakyat	Pair Corr
0.4	TLK	Telkom Indonesia Tbk	Pair Corr
0.38	PPERY	Bank Mandiri Persero	Pair Corr

Related Correlations Analysis

	PBH	EGRX	COLL	SSIC	RGC	PCRX	PAHC	RDY	ZTS	EBS
PBH		-0.49	-0.88	0.45	0.31	0.47	0.49	-0.81	-0.78	0.42	PBH
EGRX	-0.49		0.53	-0.62	0.09	-0.75	-0.61	0.67	0.58	-0.7	EGRX
COLL	-0.88	0.53		-0.62	-0.33	-0.55	-0.58	0.89	0.86	-0.47	COLL
SSIC	0.45	-0.62	-0.62		0.09	0.84	0.79	-0.63	-0.63	0.64	SSIC
RGC	0.31	0.09	-0.33	0.09		0.0	-0.1	-0.22	-0.39	-0.04	RGC
PCRX	0.47	-0.75	-0.55	0.84	0.0		0.72	-0.58	-0.69	0.78	PCRX
PAHC	0.49	-0.61	-0.58	0.79	-0.1	0.72		-0.6	-0.49	0.56	PAHC
RDY	-0.81	0.67	0.89	-0.63	-0.22	-0.58	-0.6		0.8	-0.48	RDY
ZTS	-0.78	0.58	0.86	-0.63	-0.39	-0.69	-0.49	0.8		-0.6	ZTS
EBS	0.42	-0.7	-0.47	0.64	-0.04	0.78	0.56	-0.48	-0.6		EBS
	PBH	EGRX	COLL	SSIC	RGC	PCRX	PAHC	RDY	ZTS	EBS

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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

RDY	+ 0.89	COLL
ZTS	+ 0.86	COLL
PCRX	+ 0.84	SSIC
ZTS	+ 0.8	RDY
PAHC	+ 0.79	SSIC
EBS	+ 0.78	PCRX

High negative correlations

COLL	- 0.88	PBH
RDY	- 0.81	PBH
ZTS	- 0.78	PBH
PCRX	- 0.75	EGRX
EBS	- 0.7	EGRX
ZTS	- 0.69	PCRX

Risk-Adjusted Indicators

There is a big difference between PetIQ Stock performing well and PetIQ 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 PetIQ'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
PBH	0.94	0.11	0.07	0.26	1.03	(1.01)	1.90	(1.76)	5.58
EGRX	3.94	(1.17)	0.00	4.64	0.00	0.00	9.24	(8.24)	53.71
COLL	1.87	(0.44)	0.00	(0.29)	0.00	0.00	2.95	(4.47)	12.29
SSIC	1.02	0.19	0.09	1.46	0.80	(1.39)	3.36	(1.54)	8.15
RGC	6.28	0.12	(0.01)	(0.10)	6.31	(8.03)	22.58	(10.93)	43.32
PCRX	1.95	0.23	0.06	1.95	2.09	(2.14)	4.58	(3.67)	10.38
PAHC	1.77	0.16	0.04	1.07	1.75	(2.00)	3.87	(2.46)	9.05
RDY	0.98	(0.21)	0.00	19.41	0.00	0.00	1.50	(2.20)	6.89
ZTS	0.96	(0.08)	0.00	(0.24)	0.00	0.00	1.77	(1.98)	6.01
EBS	4.60	0.08	0.04	0.13	5.88	(4.46)	11.40	(9.02)	39.28

View PetIQ Related Equities

Prestige Brand Holdings Eagle Pharmaceuticals Collegium Pharmaceutical Silver Spike Investment Regencell Bioscience Holdings Pacira BioSciences, Phibro Animal Health Dr Reddys Laboratories Zoetis Inc Emergent Biosolutions Bausch Health Companies Neurocrine Biosciences ANI Pharmaceuticals Deciphera Pharmaceuticals LLC Evotec SE ADR

Risk & Return

Correlation

PetIQ Corporate Management

Jeff Caywood	Treasurer VP	Profile
Robert Herrman	Gen VP	Profile
John Pearson	Executive Products	Profile
Zvi Glasman	Chief Officer	Profile
William Carter	Executive Counsel	Profile

Still Interested in PetIQ Inc?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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