Axogen Correlations

AXGN Stock

USD 34.85 0.85 2.50%

The current 90-days correlation between Axogen Inc and Iradimed Co is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Axogen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axogen Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Axogen Correlation With Market

Poor diversification

The correlation between Axogen Inc and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Axogen Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Axogen Stock

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

Moving together with Axogen Stock

0.95	GKOS	Glaukos Corp	Pair Corr
0.61	VPT	VentriPoint Diagnostics	Pair Corr
0.79	BLCO	Bausch Lomb Corp	Pair Corr
0.79	ACN	Accenture plc	Pair Corr
0.7	ADHI	Arsenal Digital Holdings	Pair Corr
0.67	ARRJF	Arjo AB	Pair Corr
0.77	KGC	Kinross Gold	Pair Corr
0.76	FNCHF	FINEOSHoldings Plc	Pair Corr

Moving against Axogen Stock

0.79	CMWCF	Cromwell Property	Pair Corr
0.76	ASG	Aurora Spine Corp	Pair Corr
0.41	BKRKF	PT Bank Rakyat	Pair Corr
0.36	IRTC	iRhythm Technologies	Pair Corr
0.82	ATMV	ATMV Old Symbol Change	Pair Corr
0.5	MMC	MMC Old Symbol Change	Pair Corr
0.48	ODC	Oil Dri	Pair Corr
0.38	ELUT	Elutia Inc	Pair Corr

Related Correlations Analysis

	IRMD	INMD	IART	TNDM	AHCO	CTEV	OPK	LFMD	SANA	TSHA
IRMD		-0.13	-0.14	0.82	0.75	-0.88	-0.49	-0.85	0.11	0.47	IRMD
INMD	-0.13		0.23	-0.16	-0.07	0.13	0.23	0.27	0.41	0.18	INMD
IART	-0.14	0.23		0.04	0.03	0.24	0.61	0.21	0.55	0.41	IART
TNDM	0.82	-0.16	0.04		0.55	-0.76	-0.52	-0.88	-0.09	0.59	TNDM
AHCO	0.75	-0.07	0.03	0.55		-0.53	-0.17	-0.47	0.24	0.47	AHCO
CTEV	-0.88	0.13	0.24	-0.76	-0.53		0.58	0.83	-0.04	-0.32	CTEV
OPK	-0.49	0.23	0.61	-0.52	-0.17	0.58		0.61	0.53	0.04	OPK
LFMD	-0.85	0.27	0.21	-0.88	-0.47	0.83	0.61		0.13	-0.43	LFMD
SANA	0.11	0.41	0.55	-0.09	0.24	-0.04	0.53	0.13		0.52	SANA
TSHA	0.47	0.18	0.41	0.59	0.47	-0.32	0.04	-0.43	0.52		TSHA
	IRMD	INMD	IART	TNDM	AHCO	CTEV	OPK	LFMD	SANA	TSHA

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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

LFMD	+ 0.83	CTEV
TNDM	+ 0.82	IRMD
AHCO	+ 0.75	IRMD
OPK	+ 0.61	IART
LFMD	+ 0.61	OPK
TSHA	+ 0.59	TNDM

High negative correlations

LFMD	- 0.88	TNDM
CTEV	- 0.88	IRMD
LFMD	- 0.85	IRMD
CTEV	- 0.76	TNDM
CTEV	- 0.53	AHCO
OPK	- 0.52	TNDM

Risk-Adjusted Indicators

There is a big difference between Axogen Stock performing well and Axogen 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 Axogen'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
IRMD	1.21	0.36	0.22	1.73	1.11	(1.35)	2.66	(2.24)	12.42
INMD	1.40	0.03	0.02	0.09	1.88	(1.54)	2.37	(2.29)	11.78
IART	2.46	(0.60)	0.00	(0.21)	0.00	0.00	5.40	(4.33)	23.46
TNDM	2.91	0.44	0.14	0.40	2.94	(3.41)	7.03	(4.34)	27.14
AHCO	1.92	0.08	0.02	0.23	2.20	(2.03)	4.17	(3.28)	24.44
CTEV	5.02	(1.31)	0.00	(0.48)	0.00	0.00	10.44	(13.45)	36.36
OPK	1.62	(0.27)	0.00	(0.36)	0.00	0.00	3.03	(3.08)	9.92
LFMD	3.41	(0.99)	0.00	(0.27)	0.00	0.00	8.13	(7.02)	28.11
SANA	4.35	(0.29)	0.00	(0.05)	0.00	0.00	12.59	(8.77)	25.63
TSHA	3.70	(0.07)	0.00	0.02	4.80	(3.54)	7.92	(8.03)	21.14

Axogen Corporate Management

Gregory Davault	VP Marketing	Profile
Maria Martinez	Chief Human Resource Officer	Profile
Lindsey CPA	Chief Officer	Profile
CFA CPA	Chief Officer	Profile

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