Axogen Correlations

AXGN Stock

USD 33.51 0.14 0.42%

The current 90-days correlation between Axogen Inc and Iradimed Co is 0.13 (i.e., Average 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

Good diversification

The correlation between Axogen Inc and DJI is -0.06 (i.e., Good 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 price.

Moving together with Axogen Stock

0.91	HAE	Haemonetics	Pair Corr
0.84	301370	GKHT Medical Technology	Pair Corr
0.81	PRN	Profound Medical Corp	Pair Corr

Moving against Axogen Stock

0.93	OTC	Ocumetics Technology Corp	Pair Corr
0.91	300633	SonoScape Medical Corp	Pair Corr
0.89	OM	Outset Medical	Pair Corr
0.87	688617	APT Medical	Pair Corr
0.83	ICCM	Icecure Medical	Pair Corr
0.8	TRLS	Trellus Health plc	Pair Corr
0.78	688581	Hangzhou AGS MedTech	Pair Corr
0.77	688613	Allgens Medical Tech	Pair Corr
0.75	002901	Double Medical Technology	Pair Corr
0.74	600587	Shinva Medical Instrument	Pair Corr
0.73	IHC	Inspiration Healthcare	Pair Corr
0.72	688358	Chison Medical Techn	Pair Corr
0.72	688151	Hubei Huaqiang High	Pair Corr
0.69	WOK	WORK Medical Technology	Pair Corr
0.64	688139	Qingdao Haier Biomedical	Pair Corr
0.59	ABT	Abbott Laboratories Sell-off Trend	Pair Corr
0.49	AMS	Advanced Medical Sol	Pair Corr
0.47	300869	Contec Medical Systems	Pair Corr
0.46	XRAY	Dentsply Sirona	Pair Corr
0.91	NGMD	NuGen Medical Devices	Pair Corr
0.9	688310	Maider Medical Industry	Pair Corr
0.87	300529	Jafron Biomedical	Pair Corr
0.85	RMTI	Rockwell Medical	Pair Corr
0.83	688085	Shanghai Sanyou Medical	Pair Corr
0.77	688108	Sino Medical Sciences	Pair Corr
0.76	688013	Touchstone International	Pair Corr
0.75	CREO	Creo Medical Group	Pair Corr
0.75	MDX	MedX Health Corp	Pair Corr
0.72	LMAT	LeMaitre Vascular	Pair Corr

Related Correlations Analysis

	IRMD	INMD	IART	TNDM	AHCO	CTEV	OPK	LFMD	SANA	TSHA
IRMD		-0.54	-0.44	0.93	0.74	-0.79	-0.78	-0.94	-0.29	0.39	IRMD
INMD	-0.54		0.67	-0.46	-0.28	0.41	0.73	0.67	0.62	0.23	INMD
IART	-0.44	0.67		-0.31	-0.18	0.37	0.74	0.5	0.79	0.36	IART
TNDM	0.93	-0.46	-0.31		0.69	-0.84	-0.71	-0.92	-0.27	0.48	TNDM
AHCO	0.74	-0.28	-0.18	0.69		-0.44	-0.51	-0.63	-0.02	0.41	AHCO
CTEV	-0.79	0.41	0.37	-0.84	-0.44		0.58	0.8	0.28	-0.39	CTEV
OPK	-0.78	0.73	0.74	-0.71	-0.51	0.58		0.83	0.59	0.04	OPK
LFMD	-0.94	0.67	0.5	-0.92	-0.63	0.8	0.83		0.39	-0.3	LFMD
SANA	-0.29	0.62	0.79	-0.27	-0.02	0.28	0.59	0.39		0.49	SANA
TSHA	0.39	0.23	0.36	0.48	0.41	-0.39	0.04	-0.3	0.49		TSHA
	IRMD	INMD	IART	TNDM	AHCO	CTEV	OPK	LFMD	SANA	TSHA

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

TNDM	+ 0.93	IRMD
LFMD	+ 0.83	OPK
LFMD	+ 0.8	CTEV
SANA	+ 0.79	IART
AHCO	+ 0.74	IRMD
OPK	+ 0.74	IART

High negative correlations

LFMD	- 0.94	IRMD
LFMD	- 0.92	TNDM
CTEV	- 0.84	TNDM
CTEV	- 0.79	IRMD
OPK	- 0.78	IRMD
OPK	- 0.71	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	1.34	0.42	0.20	1.06	1.41	(1.48)	3.11	(2.42)	11.95
INMD	1.31	(0.12)	0.00	(0.06)	0.00	0.00	2.37	(2.43)	14.40
IART	2.56	(0.08)	(0.01)	0.01	4.79	(2.58)	5.73	(4.39)	29.19
TNDM	3.13	0.67	0.19	2.12	2.91	(3.72)	7.03	(4.34)	27.06
AHCO	1.95	0.26	0.09	0.81	2.02	(2.18)	4.17	(3.09)	24.44
CTEV	5.18	(0.94)	0.00	(0.28)	0.00	0.00	10.91	(13.45)	37.38
OPK	1.53	(0.23)	0.00	(0.30)	0.00	0.00	3.03	(3.27)	8.95
LFMD	3.34	(0.96)	0.00	(0.24)	0.00	0.00	7.93	(7.02)	28.11
SANA	5.23	0.11	0.06	0.12	5.10	(6.80)	13.56	(9.19)	43.34
TSHA	3.76	(0.01)	0.02	0.08	4.25	(4.07)	9.11	(7.09)	19.55

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

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