Acutus Medical Correlations

Summary

AFIBDelisted Stock

USD 0.73 0.03 3.95%

The current 90-days correlation between Acutus Medical and Sientra is -0.28 (i.e., Very good diversification). The correlation of Acutus Medical 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.

Acutus Medical Correlation With Market

Significant diversification

The correlation between Acutus Medical and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acutus Medical and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities 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 gross domestic product.

Moving together with Acutus Stock

0.62

DYNT

Dynatronics

Pair Corr

Moving against Acutus Stock

0.5	VREX	Varex Imaging Corp	Pair Corr
0.42	FNA	Paragon 28	Pair Corr
0.41	PEN	Penumbra	Pair Corr
0.4	MYO	Myomo Inc	Pair Corr
0.39	VTAK	Catheter Precision	Pair Corr
0.37	NXL	Nexalin Technology	Pair Corr
0.35	OM	Outset Medical	Pair Corr
0.33	ELMD	Electromed	Pair Corr
0.33	XAIR	Beyond Air	Pair Corr
0.49	GKOS	Glaukos Corp	Pair Corr
0.45	GMED	Globus Medical	Pair Corr
0.42	IART	Integra LifeSciences	Pair Corr
0.42	ITGR	Integer Holdings Corp	Pair Corr
0.42	LNSR	LENSAR Inc	Pair Corr
0.38	MASI	Masimo	Pair Corr

Related Correlations Analysis

	SSKN	SIEN	AXGN	AIMD	LNSR	CVRX	AXDX	NPCE	ANIK
SSKN		0.09	-0.31	0.44	0.1	0.19	0.02	0.23	-0.08	SSKN
SIEN	0.09		-0.28	-0.53	0.93	0.88	0.15	0.72	-0.89	SIEN
AXGN	-0.31	-0.28		-0.29	-0.34	-0.14	-0.17	-0.34	0.16	AXGN
AIMD	0.44	-0.53	-0.29		-0.48	-0.45	0.24	-0.29	0.59	AIMD
LNSR	0.1	0.93	-0.34	-0.48		0.85	0.18	0.66	-0.86	LNSR
CVRX	0.19	0.88	-0.14	-0.45	0.85		0.31	0.59	-0.92	CVRX
AXDX	0.02	0.15	-0.17	0.24	0.18	0.31		-0.17	-0.22	AXDX
NPCE	0.23	0.72	-0.34	-0.29	0.66	0.59	-0.17		-0.61	NPCE
ANIK	-0.08	-0.89	0.16	0.59	-0.86	-0.92	-0.22	-0.61		ANIK
	SSKN	SIEN	AXGN	AIMD	LNSR	CVRX	AXDX	NPCE	ANIK

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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

LNSR	+ 0.93	SIEN
CVRX	+ 0.88	SIEN
CVRX	+ 0.85	LNSR
NPCE	+ 0.72	SIEN
NPCE	+ 0.66	LNSR
ANIK	+ 0.59	AIMD

High negative correlations

ANIK	- 0.92	CVRX
ANIK	- 0.89	SIEN
ANIK	- 0.86	LNSR
ANIK	- 0.61	NPCE
AIMD	- 0.53	SIEN
LNSR	- 0.48	AIMD

Risk-Adjusted Indicators

There is a big difference between Acutus Stock performing well and Acutus Medical 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 Acutus Medical'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
SSKN	2.84	(0.15)	0.00	(0.30)	0.00	0.00	5.50	(7.20)	16.58
SIEN	7.84	1.74	0.19	40.73	7.64	(10.30)	25.49	(15.62)	59.73
AXGN	2.24	0.07	0.02	0.18	3.69	(2.26)	4.73	(5.50)	21.60
AIMD	3.75	(0.51)	0.00	(0.22)	0.00	0.00	8.16	(7.69)	28.01
LNSR	3.34	0.83	0.17	2.28	3.78	(3.80)	8.92	(5.53)	22.69
CVRX	3.86	0.78	0.17	1.57	3.52	(4.72)	10.68	(8.22)	41.08
AXDX	2.94	(0.11)	0.00	0.29	0.00	0.00	8.02	(7.11)	18.35
NPCE	3.41	0.26	0.12	0.23	3.03	(4.13)	9.73	(6.19)	35.38
ANIK	1.77	(0.60)	0.00	(0.28)	0.00	0.00	3.23	(2.96)	34.28

View Acutus Medical Related Equities

STRATA Skin Sciences Sientra Axogen Inc Ainos Inc LENSAR Inc CVRx Inc Accelerate Diagnostics Neuropace Anika Therapeutics ViewRay Alphatec Holdings Delcath Systems Orthofix Medical Artivion Heska

Risk & Return

Correlation

Acutus Medical Corporate Management

Tom Sohn	Chief VP	Profile
Shibaji Shome	Vice Marketing	Profile
Charlie Piscitello	VP Officer	Profile
Vincent Burgess	Consultant	Profile
Gary Doherty	Senior Finance	Profile
David Roman	Pres CEO	Profile

Still Interested in Acutus Medical?

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