Aziyo Biologics Correlations

AZYODelisted Stock  USD 2.44  0.00  0.00%   
The current 90-days correlation between Aziyo Biologics and LENSAR Inc is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aziyo Biologics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aziyo Biologics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aziyo Biologics Correlation With Market

Average diversification

The correlation between Aziyo Biologics and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aziyo Biologics and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving against Aziyo Stock

  0.69TLK Telkom Indonesia TbkPairCorr
  0.69JNJ Johnson JohnsonPairCorr
  0.67KO Coca Cola Earnings Call This WeekPairCorr
  0.61PTAIY Astra International TbkPairCorr
  0.58PTITF PT Indosat Tbk Earnings Call This WeekPairCorr
  0.51TLKMF Telkom Indonesia TbkPairCorr
  0.5XOM Exxon Mobil Corp Earnings Call TomorrowPairCorr
  0.48HPQ HP IncPairCorr
  0.48VZ Verizon CommunicationsPairCorr
  0.45PTAIF PT Astra InternationalPairCorr
  0.4PFE Pfizer Inc Earnings Call This WeekPairCorr
  0.38TRV The Travelers CompaniesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
AORTAXGN
AORTLNSR
AORTCVRX
AXGNAIMD
AXGNLNSR
ESTASRDX
  
High negative correlations   
SRGAAXGN
SRGALNSR
SRGAAIMD
AORTSRGA
ANIKLNSR
SRDXAIMD

Risk-Adjusted Indicators

There is a big difference between Aziyo Stock performing well and Aziyo Biologics 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 Aziyo Biologics' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AIMD  5.81  0.89  0.10 (1.17) 5.94 
 17.74 
 74.23 
SRDX  0.74 (0.11) 0.00 (1.46) 0.00 
 1.68 
 9.34 
LNSR  3.42  1.08  0.37  1.91  2.26 
 10.44 
 22.21 
IRIX  3.22  0.22  0.04 (0.43) 2.80 
 6.58 
 41.35 
ESTA  2.93 (0.34) 0.00 (0.92) 0.00 
 5.58 
 37.82 
CVRX  3.57  0.86  0.19  1.45  3.42 
 7.38 
 41.08 
AXGN  2.83  0.61  0.13 (1.86) 3.55 
 5.35 
 21.20 
SRGA  8.82 (3.31) 0.00  4.40  0.00 
 11.21 
 98.44 
AORT  1.38  0.21  0.10  0.66  1.37 
 3.49 
 9.51 
ANIK  1.90 (0.45) 0.00  2.88  0.00 
 3.02 
 32.07 

View Aziyo Biologics Related Equities

 Risk & Return  Correlation

Aziyo Biologics Corporate Management

Still Interested in Aziyo Biologics?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.