Axogen Correlations

AXGN Stock

USD 35.38 0.08 0.23%

The current 90-days correlation between Axogen Inc and Iradimed Co is 0.17 (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

Very poor diversification

The correlation between Axogen Inc and DJI is 0.83 (i.e., Very 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

0.62	HYB	HOYA	Pair Corr
0.84	DXCM	DexCom Inc	Pair Corr
0.75	VREX	Varex Imaging Corp	Pair Corr
0.77	EDAP	EDAP TMS SA	Pair Corr
0.61	SKAN	SKAN Group AG	Pair Corr
0.73	EKSO	Ekso Bionics Holdings	Pair Corr

Moving against Axogen Stock

0.66	IPD	Impedimed Earnings Call Today	Pair Corr
0.64	VNRX	Volitionrx	Pair Corr
0.57	DYNT	Dynatronics	Pair Corr
0.46	EW	Edwards Lifesciences Corp	Pair Corr
0.43	SI	Shoulder Innovations	Pair Corr
0.33	IL3	Integra LifeSciences Earnings Call This Week	Pair Corr
0.31	VERO	Venus Concept	Pair Corr
0.86	OTC	Ocumetics Technology Corp	Pair Corr
0.81	ELAB	Elevai Labs Common	Pair Corr
0.73	VVOS	Vivos Therapeutics	Pair Corr
0.31	OC5	Cochlear Limited	Pair Corr
0.78	EMBC	Embecta Corp	Pair Corr
0.74	EUDA	EUDA Health Holdings	Pair Corr
0.72	XEJ	Accuray Incorporated	Pair Corr
0.7	FEMY	Femasys	Pair Corr
0.68	ENOV	Enovis Corp Earnings Call This Week	Pair Corr
0.63	UK2	Shandong Weigao Group	Pair Corr

Related Correlations Analysis

	IRMD	INMD	IART	TNDM	AHCO	CTEV	OPK	LFMD	SANA	TSHA
IRMD		0.24	-0.1	0.19	0.74	-0.69	-0.25	-0.45	0.4	0.26	IRMD
INMD	0.24		-0.31	-0.01	0.11	-0.39	-0.26	-0.27	0.16	0.06	INMD
IART	-0.1	-0.31		0.49	0.0	0.51	0.73	0.42	0.31	0.57	IART
TNDM	0.19	-0.01	0.49		0.22	0.21	0.12	0.04	0.19	0.57	TNDM
AHCO	0.74	0.11	0.0	0.22		-0.5	-0.16	-0.33	0.29	0.33	AHCO
CTEV	-0.69	-0.39	0.51	0.21	-0.5		0.56	0.53	-0.2	0.18	CTEV
OPK	-0.25	-0.26	0.73	0.12	-0.16	0.56		0.61	0.35	0.35	OPK
LFMD	-0.45	-0.27	0.42	0.04	-0.33	0.53	0.61		-0.01	-0.04	LFMD
SANA	0.4	0.16	0.31	0.19	0.29	-0.2	0.35	-0.01		0.55	SANA
TSHA	0.26	0.06	0.57	0.57	0.33	0.18	0.35	-0.04	0.55		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

AHCO	+ 0.74	IRMD
OPK	+ 0.73	IART
LFMD	+ 0.61	OPK
TSHA	+ 0.57	IART
TSHA	+ 0.57	TNDM
OPK	+ 0.56	CTEV

High negative correlations

CTEV	- 0.69	IRMD
CTEV	- 0.5	AHCO
LFMD	- 0.45	IRMD
CTEV	- 0.39	INMD
LFMD	- 0.33	AHCO
IART	- 0.31	INMD

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	1.19	0.23	0.12	0.45	1.40	(1.28)	2.46	(2.43)	12.71
INMD	1.73	(0.01)	0.00	0.05	2.68	(1.75)	4.43	(4.33)	16.14
IART	2.21	(0.11)	(0.01)	0.02	2.70	(2.19)	4.81	(3.55)	15.12
TNDM	2.90	0.73	0.26	1.25	2.32	(3.64)	7.42	(4.34)	14.29
AHCO	1.64	0.12	0.05	0.22	1.89	(1.72)	4.17	(3.28)	12.80
CTEV	4.54	(0.63)	0.00	(0.60)	0.00	0.00	10.44	(11.32)	32.04
OPK	1.49	(0.21)	0.00	(0.13)	0.00	0.00	3.03	(2.99)	10.18
LFMD	3.71	(0.99)	0.00	(0.20)	0.00	0.00	8.55	(7.02)	28.11
SANA	4.24	0.14	0.02	0.55	4.52	(5.34)	12.59	(7.71)	28.66
TSHA	3.36	0.25	0.06	0.25	3.92	(3.49)	7.57	(6.86)	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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