AngioDynamics Correlations

ANGO Stock

USD 10.42 0.06 0.58%

The current 90-days correlation between AngioDynamics and Sonida Senior Living is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AngioDynamics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AngioDynamics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AngioDynamics Correlation With Market

Very good diversification

The correlation between AngioDynamics and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AngioDynamics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with AngioDynamics Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AngioDynamics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

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

Moving against AngioDynamics Stock

0.74	CVX	Chevron Corp	Pair Corr
0.65	EC	Ecopetrol SA ADR	Pair Corr
0.65	HD	Home Depot	Pair Corr
0.62	INTC	Intel Aggressive Push	Pair Corr
0.59	BKRKY	Bank Rakyat	Pair Corr
0.57	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.57	BA	Boeing	Pair Corr
0.44	AA	Alcoa Corp	Pair Corr
0.42	PG	Procter Gamble	Pair Corr
0.37	GE	GE Aerospace	Pair Corr
0.34	GNTX	Gentex	Pair Corr

Related Correlations Analysis

	SNDA	FULC	LAB	VREX	OCGN	RAPT	OMER	NMRA	SY	CGEM
SNDA		0.35	0.17	0.09	-0.17	0.15	0.43	-0.54	-0.18	-0.06	SNDA
FULC	0.35		0.52	-0.08	-0.14	0.22	0.4	-0.69	-0.49	0.51	FULC
LAB	0.17	0.52		0.38	0.37	0.42	0.26	-0.49	-0.6	0.68	LAB
VREX	0.09	-0.08	0.38		0.78	0.76	0.3	-0.21	-0.2	0.29	VREX
OCGN	-0.17	-0.14	0.37	0.78		0.43	0.28	-0.16	-0.29	0.19	OCGN
RAPT	0.15	0.22	0.42	0.76	0.43		0.34	-0.4	-0.24	0.52	RAPT
OMER	0.43	0.4	0.26	0.3	0.28	0.34		-0.72	-0.66	0.37	OMER
NMRA	-0.54	-0.69	-0.49	-0.21	-0.16	-0.4	-0.72		0.57	-0.31	NMRA
SY	-0.18	-0.49	-0.6	-0.2	-0.29	-0.24	-0.66	0.57		-0.61	SY
CGEM	-0.06	0.51	0.68	0.29	0.19	0.52	0.37	-0.31	-0.61		CGEM
	SNDA	FULC	LAB	VREX	OCGN	RAPT	OMER	NMRA	SY	CGEM

Please upgrade your account to get full access to Macroaxis premium features

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

OCGN	+ 0.78	VREX
RAPT	+ 0.76	VREX
CGEM	+ 0.68	LAB
SY	+ 0.57	NMRA
LAB	+ 0.52	FULC
CGEM	+ 0.52	RAPT

High negative correlations

NMRA	- 0.72	OMER
NMRA	- 0.69	FULC
SY	- 0.66	OMER
CGEM	- 0.61	SY
SY	- 0.6	LAB
NMRA	- 0.54	SNDA

Risk-Adjusted Indicators

There is a big difference between AngioDynamics Stock performing well and AngioDynamics 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 AngioDynamics' 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
SNDA	1.33	0.33	0.24	(1.01)	0.81	(1.64)	3.04	(1.70)	17.12
FULC	4.44	0.42	0.06	(0.22)	4.52	(5.23)	11.56	(7.84)	53.80
LAB	3.04	0.30	0.09	0.28	3.20	(3.94)	7.81	(5.33)	24.04
VREX	1.74	0.22	0.07	0.26	3.07	(1.78)	4.43	(3.53)	18.19
OCGN	3.69	0.05	(0.01)	0.00	4.40	(4.36)	7.25	(7.43)	32.50
RAPT	3.93	1.40	0.32	(0.45)	3.04	(4.99)	7.87	(6.78)	64.05
OMER	5.61	1.03	0.19	6.56	4.44	(6.85)	12.62	(7.99)	87.69
NMRA	3.85	(0.30)	0.00	(0.32)	0.00	0.00	9.77	(7.30)	33.25
SY	3.64	(0.30)	0.00	(0.16)	0.00	0.00	5.54	(8.60)	31.96
CGEM	3.90	0.94	0.23	1.78	3.25	(4.71)	8.36	(5.55)	45.76

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC