Allurion Technologies Correlations

ALUR Stock

1.45 0.22 17.89%

The current 90-days correlation between Allurion Technologies and Vivos Therapeutics is 0.34 (i.e., Weak diversification). The correlation of Allurion 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.

Allurion Technologies Correlation With Market

Weak diversification

The correlation between Allurion Technologies and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allurion Technologies and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allurion 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 private.

To learn how to invest in Allurion Stock, please use our How to Invest in Allurion Technologies guide.

Moving together with Allurion Stock

0.84	GV	Visionary Education	Pair Corr
0.82	JZ	Jianzhi Education	Pair Corr
0.9	EEIQ	Elite Education Group	Pair Corr
0.71	WAFU	Wah Fu Education	Pair Corr
0.78	FTDR	Frontdoor	Pair Corr
0.88	SGN	Signing Day Sports	Pair Corr
0.81	STG	Sunlands Technology	Pair Corr
0.84	LOPE	Grand Canyon Education	Pair Corr
0.77	NAMI	Jinxin Technology Holding	Pair Corr
0.68	NTCL	NETCLASS TECHNOLOGY INC	Pair Corr
0.82	PRDO	Perdoceo Education Corp	Pair Corr
0.82	ATGE	Adtalem Global Education	Pair Corr
0.86	KG	Kestrel Group Symbol Change	Pair Corr

Moving against Allurion Stock

0.85	CUB	Lionheart Holdings	Pair Corr
0.75	BEDU	Bright Scholar Education	Pair Corr
0.65	MKSI	MKS Instruments	Pair Corr
0.58	LAUR	Laureate Education	Pair Corr
0.83	DD	Dupont De Nemours	Pair Corr
0.79	KO	Coca Cola	Pair Corr
0.76	TRV	The Travelers Companies	Pair Corr
0.73	FTV	Fortive Corp	Pair Corr
0.72	CTSH	Cognizant Technology	Pair Corr
0.7	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.69	LION	Lionsgate Studios Holding	Pair Corr
0.64	BAC	Bank of America	Pair Corr
0.58	AA	Alcoa Corp	Pair Corr
0.48	MCD	McDonalds	Pair Corr
0.42	JPM	JPMorgan Chase	Pair Corr
0.38	WMT	Walmart Common Stock Aggressive Push	Pair Corr

Related Correlations Analysis

	NVNO	AEMD	CODX	VVOS	COCH	PRPH	XAIR	ADAP	ERNA	LFWD
NVNO		0.9	0.36	0.92	0.43	0.93	0.93	-0.41	0.11	0.46	NVNO
AEMD	0.9		0.34	0.93	0.51	0.94	0.93	-0.18	0.0	0.57	AEMD
CODX	0.36	0.34		0.3	0.17	0.36	0.4	-0.01	0.18	0.08	CODX
VVOS	0.92	0.93	0.3		0.46	0.94	0.94	-0.34	-0.04	0.55	VVOS
COCH	0.43	0.51	0.17	0.46		0.51	0.48	0.02	-0.16	0.58	COCH
PRPH	0.93	0.94	0.36	0.94	0.51		0.98	-0.29	0.05	0.52	PRPH
XAIR	0.93	0.93	0.4	0.94	0.48	0.98		-0.32	0.08	0.51	XAIR
ADAP	-0.41	-0.18	-0.01	-0.34	0.02	-0.29	-0.32		-0.01	-0.03	ADAP
ERNA	0.11	0.0	0.18	-0.04	-0.16	0.05	0.08	-0.01		-0.37	ERNA
LFWD	0.46	0.57	0.08	0.55	0.58	0.52	0.51	-0.03	-0.37		LFWD
	NVNO	AEMD	CODX	VVOS	COCH	PRPH	XAIR	ADAP	ERNA	LFWD

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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

XAIR	+ 0.98	PRPH
PRPH	+ 0.94	AEMD
PRPH	+ 0.94	VVOS
XAIR	+ 0.94	VVOS
PRPH	+ 0.93	NVNO
XAIR	+ 0.93	NVNO

High negative correlations

ADAP	- 0.41	NVNO
LFWD	- 0.37	ERNA
ADAP	- 0.34	VVOS
ADAP	- 0.32	XAIR
ADAP	- 0.29	PRPH
ADAP	- 0.18	AEMD

Risk-Adjusted Indicators

There is a big difference between Allurion Stock performing well and Allurion 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 Allurion 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
NVNO	4.80	(1.43)	0.00	(0.26)	0.00	0.00	6.25	(10.81)	40.79
AEMD	5.50	(1.27)	0.00	(0.97)	0.00	0.00	9.60	(11.42)	38.52
CODX	10.61	1.23	0.14	0.21	10.63	(15.52)	9.88	(13.39)	314.08
VVOS	3.20	(0.30)	0.00	(0.12)	0.00	0.00	4.35	(5.75)	21.41
COCH	5.62	0.46	0.06	0.34	7.22	(9.39)	8.00	(7.41)	137.81
PRPH	6.84	(3.44)	0.00	(2.30)	0.00	0.00	10.29	(20.00)	44.34
XAIR	4.15	(1.58)	0.00	(0.70)	0.00	0.00	6.50	(10.16)	27.59
ADAP	12.64	0.27	0.03	0.10	15.04	(16.63)	22.82	(18.18)	168.52
ERNA	4.72	0.22	0.05	0.20	4.55	(5.68)	13.33	(7.41)	51.97
LFWD	4.04	(0.17)	0.00	(0.03)	0.00	0.00	10.14	(8.20)	34.28

Allurion Technologies Corporate Management

Alexandra Stap	Vice Marketing	Profile
Jeff Feldgoise	Senior Product	Profile
Brendan Gibbons	Chief Secretary	Profile
Matt Wright	Vice People	Profile
Ram MD	Chief MD	Profile

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