ConforMIS Correlations

Summary

CFMSDelisted Stock

USD 2.23 0.01 0.45%

The current 90-days correlation between ConforMIS and Vivos Therapeutics is -0.1 (i.e., Good diversification). The correlation of ConforMIS is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

ConforMIS Correlation With Market

Good diversification

The correlation between ConforMIS and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ConforMIS 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 population.

Moving together with ConforMIS Stock

0.62	EC	Ecopetrol SA ADR Buyout Trend	Pair Corr
0.61	MMM	3M Company	Pair Corr

Moving against ConforMIS Stock

0.78	PTAIF	PT Astra International	Pair Corr
0.66	MCD	McDonalds Earnings Call This Week	Pair Corr
0.65	VZ	Verizon Communications	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.54	TRV	The Travelers Companies	Pair Corr
0.53	PTITF	PT Indosat Tbk Earnings Call This Week	Pair Corr
0.47	PIFMY	Indofood Sukses Makmur	Pair Corr
0.44	PTAIY	Astra International Tbk	Pair Corr
0.43	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.43	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.43	INTC	Intel	Pair Corr
0.33	JNJ	Johnson Johnson	Pair Corr

Related Correlations Analysis

	BBLG	TIVC	BJDX	VVOS	RPID	AORT	ANIK	SGHT	OFIX	AVNS
BBLG		0.08	0.42	-0.76	-0.19	-0.6	0.8	0.87	-0.19	0.91	BBLG
TIVC	0.08		0.16	-0.21	-0.04	-0.23	0.06	0.21	-0.07	0.11	TIVC
BJDX	0.42	0.16		-0.31	-0.04	-0.25	0.39	0.49	-0.2	0.48	BJDX
VVOS	-0.76	-0.21	-0.31		0.06	0.69	-0.49	-0.79	0.01	-0.76	VVOS
RPID	-0.19	-0.04	-0.04	0.06		0.54	-0.13	-0.33	0.36	-0.08	RPID
AORT	-0.6	-0.23	-0.25	0.69	0.54		-0.46	-0.7	0.44	-0.47	AORT
ANIK	0.8	0.06	0.39	-0.49	-0.13	-0.46		0.7	-0.42	0.7	ANIK
SGHT	0.87	0.21	0.49	-0.79	-0.33	-0.7	0.7		-0.3	0.83	SGHT
OFIX	-0.19	-0.07	-0.2	0.01	0.36	0.44	-0.42	-0.3		0.05	OFIX
AVNS	0.91	0.11	0.48	-0.76	-0.08	-0.47	0.7	0.83	0.05		AVNS
	BBLG	TIVC	BJDX	VVOS	RPID	AORT	ANIK	SGHT	OFIX	AVNS

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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

AVNS	+ 0.91	BBLG
SGHT	+ 0.87	BBLG
AVNS	+ 0.83	SGHT
ANIK	+ 0.8	BBLG
SGHT	+ 0.7	ANIK
AVNS	+ 0.7	ANIK

High negative correlations

SGHT	- 0.79	VVOS
AVNS	- 0.76	VVOS
VVOS	- 0.76	BBLG
SGHT	- 0.7	AORT
AORT	- 0.6	BBLG
ANIK	- 0.49	VVOS

Risk-Adjusted Indicators

There is a big difference between ConforMIS Stock performing well and ConforMIS 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 ConforMIS'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
BBLG	3.71	(0.69)	0.00	(1.44)	0.00	0.00	8.91	(8.18)	21.45
TIVC	6.61	0.31	0.03	(0.74)	6.40	(10.67)	12.12	(9.68)	82.47
BJDX	9.37	0.24	0.06	0.12	11.45	(9.96)	19.21	(16.37)	120.57
VVOS	4.42	0.84	0.13	(0.65)	4.44	(5.27)	10.55	(7.35)	27.59
RPID	4.28	1.16	0.24	0.89	3.73	(5.14)	15.60	(6.25)	26.30
AORT	1.37	0.23	0.10	0.75	1.38	(1.54)	3.49	(2.23)	9.51
ANIK	1.93	(0.42)	0.00	3.03	0.00	0.00	3.02	(3.39)	32.07
SGHT	2.80	(0.76)	0.00	2.74	0.00	0.00	6.65	(8.24)	17.90
OFIX	1.44	0.21	0.09	0.48	1.69	(1.54)	3.14	(3.15)	12.11
AVNS	1.91	(0.45)	0.00	(0.24)	0.00	0.00	3.95	(3.82)	19.15

View ConforMIS Related Equities

Bone Biologics Corp Tivic Health Systems Bluejay Diagnostics Vivos Therapeutics Rapid Micro Biosystems Artivion Anika Therapeutics Sight Sciences Orthofix Medical Avanos Medical CVRx Inc Accelerate Diagnostics Neuropace Axogen Inc Talis Biomedical Corp

Risk & Return

Correlation

ConforMIS Corporate Management

Robert Howe	CFO Treasurer	Profile
Michael Fillion	Chief Officer	Profile
Erin Henry	Co Controller	Profile
MPH JD	Chief Sec	Profile
Farzin Khaghani	VP Marketing	Profile
Christine Desrochers	Co Controller	Profile

Still Interested in ConforMIS?

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