Correlation
The correlation between PBYI and ^GSPC is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
PBYI vs. ^GSPC
Compare and contrast key facts about Puma Biotechnology, Inc. (PBYI) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBYI or ^GSPC.
Performance
PBYI vs. ^GSPC - Performance Comparison
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Key characteristics
PBYI:
-0.26
^GSPC:
0.52
PBYI:
0.04
^GSPC:
0.78
PBYI:
1.01
^GSPC:
1.11
PBYI:
-0.23
^GSPC:
0.48
PBYI:
-0.78
^GSPC:
1.81
PBYI:
28.90%
^GSPC:
4.99%
PBYI:
74.16%
^GSPC:
19.70%
PBYI:
-99.40%
^GSPC:
-56.78%
PBYI:
-98.82%
^GSPC:
-5.56%
Returns By Period
In the year-to-date period, PBYI achieves a 6.07% return, which is significantly higher than ^GSPC's -1.34% return. Over the past 10 years, PBYI has underperformed ^GSPC with an annualized return of -33.75%, while ^GSPC has yielded a comparatively higher 10.68% annualized return.
PBYI
6.07%
7.48%
7.83%
-19.12%
20.69%
-22.69%
-33.75%
^GSPC
-1.34%
5.80%
-2.79%
9.39%
13.76%
14.45%
10.68%
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Risk-Adjusted Performance
PBYI vs. ^GSPC — Risk-Adjusted Performance Rank
PBYI
^GSPC
PBYI vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Puma Biotechnology, Inc. (PBYI) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Drawdowns
PBYI vs. ^GSPC - Drawdown Comparison
The maximum PBYI drawdown since its inception was -99.40%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PBYI and ^GSPC.
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Volatility
PBYI vs. ^GSPC - Volatility Comparison
Puma Biotechnology, Inc. (PBYI) has a higher volatility of 20.90% compared to S&P 500 (^GSPC) at 4.37%. This indicates that PBYI's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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