Airsculpt Technologies Correlations

AIRS Stock

USD 7.24 0.24 3.43%

The current 90-days correlation between Airsculpt Technologies and InnovAge Holding Corp is 0.35 (i.e., Weak diversification). The correlation of Airsculpt Technologies 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.

Airsculpt Technologies Correlation With Market

Very weak diversification

The correlation between Airsculpt Technologies and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Airsculpt Technologies 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 Airsculpt Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Airsculpt Stock please use our How to Invest in Airsculpt Technologies guide.

Moving together with Airsculpt Stock

0.84	DOCS	Doximity	Pair Corr
0.69	FOXO	FOXO Technologies	Pair Corr
0.75	VMD	Viemed Healthcare	Pair Corr
0.74	ITGR	Integer Holdings Corp	Pair Corr
0.63	MMSI	Merit Medical Systems	Pair Corr
0.64	NXGL	Nexgel Inc	Pair Corr
0.86	OMIC	Singular Genomics Systems	Pair Corr
0.69	CRVL	CorVel Corp	Pair Corr
0.85	EWTX	Edgewise Therapeutics	Pair Corr
0.85	EXEL	Exelixis	Pair Corr
0.83	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr

Moving against Airsculpt Stock

0.79	EVH	Evolent Health	Pair Corr
0.77	AMN	AMN Healthcare Services	Pair Corr
0.76	FORA	Forian Inc	Pair Corr
0.75	AGL	agilon health Buyout Trend	Pair Corr
0.59	PHG	Koninklijke Philips	Pair Corr
0.54	IVP	Inspire Veterinary	Pair Corr
0.76	VALN	Valneva SE ADR	Pair Corr
0.68	ME	23Andme Holding	Pair Corr
0.61	BACK	IMAC Holdings	Pair Corr
0.58	VCNX	Vaccinex	Pair Corr
0.45	ATPC	Agape ATP	Pair Corr
0.45	CYRX	Cryoport	Pair Corr
0.38	ADUS	Addus HomeCare	Pair Corr
0.37	A	Agilent Technologies	Pair Corr
0.34	DOMH	Dominari Holdings	Pair Corr
0.82	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.8	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.71	LLY	Eli Lilly	Pair Corr
0.7	HLN	Haleon plc	Pair Corr
0.63	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.35	EXAS	EXACT Sciences	Pair Corr

Related Correlations Analysis

	ACHC	PNTG	AIH	AMED	ENSG	UHS	ADUS	EHC	SGRY	SEM
ACHC		0.54	-0.11	0.7	0.24	0.86	0.69	-0.84	0.63	-0.34	ACHC
PNTG	0.54		0.05	0.56	0.24	0.68	0.82	-0.35	0.75	-0.28	PNTG
AIH	-0.11	0.05		0.0	0.49	0.0	0.05	0.19	-0.02	0.14	AIH
AMED	0.7	0.56	0.0		0.27	0.75	0.83	-0.62	0.87	-0.56	AMED
ENSG	0.24	0.24	0.49	0.27		0.2	0.24	-0.05	0.28	-0.19	ENSG
UHS	0.86	0.68	0.0	0.75	0.2		0.8	-0.67	0.78	-0.35	UHS
ADUS	0.69	0.82	0.05	0.83	0.24	0.8		-0.5	0.87	-0.32	ADUS
EHC	-0.84	-0.35	0.19	-0.62	-0.05	-0.67	-0.5		-0.46	0.57	EHC
SGRY	0.63	0.75	-0.02	0.87	0.28	0.78	0.87	-0.46		-0.46	SGRY
SEM	-0.34	-0.28	0.14	-0.56	-0.19	-0.35	-0.32	0.57	-0.46		SEM
	ACHC	PNTG	AIH	AMED	ENSG	UHS	ADUS	EHC	SGRY	SEM

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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

SGRY	+ 0.87	AMED
SGRY	+ 0.87	ADUS
UHS	+ 0.86	ACHC
ADUS	+ 0.83	AMED
ADUS	+ 0.82	PNTG
ADUS	+ 0.8	UHS

High negative correlations

EHC	- 0.84	ACHC
EHC	- 0.67	UHS
EHC	- 0.62	AMED
SEM	- 0.56	AMED
EHC	- 0.5	ADUS
SEM	- 0.46	SGRY

Risk-Adjusted Indicators

There is a big difference between Airsculpt Stock performing well and Airsculpt Technologies 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 Airsculpt Technologies' 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
ACHC	2.23	(1.11)	0.00	(0.86)	0.00	0.00	3.36	(5.78)	22.87
PNTG	2.19	(0.27)	0.00	(0.04)	0.00	0.00	4.19	(3.97)	13.06
AIH	16.55	1.94	0.10	0.52	18.11	(22.04)	56.25	(37.88)	125.38
AMED	0.42	(0.15)	0.00	(0.43)	0.00	0.00	0.61	(0.93)	5.99
ENSG	1.06	0.03	(0.07)	(0.01)	1.63	(1.04)	2.32	(2.11)	10.08
UHS	1.34	(0.26)	0.00	(0.53)	0.00	0.00	2.22	(4.07)	14.88
ADUS	1.20	(0.23)	0.00	(0.08)	0.00	0.00	2.50	(2.48)	7.74
EHC	0.90	0.14	0.06	0.48	0.84	(0.97)	1.76	(1.86)	9.75
SGRY	2.31	(0.47)	0.00	(0.17)	0.00	0.00	3.73	(4.88)	31.36
SEM	1.48	0.05	0.06	0.15	1.56	(1.60)	3.02	(2.50)	14.58

Airsculpt Technologies Corporate Management

Dennis Dean	Chief Officer	Profile
Stephanie Greene	Chief Officer	Profile
Philip Bodie	Chief Officer	Profile
Liraz Isaac	Head People	Profile

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