CVRx Correlations

CVRX Stock

USD 15.53 0.68 4.58%

The current 90-days correlation between CVRx Inc and ProSomnus, Common Stock is 0.16 (i.e., Average diversification). The correlation of CVRx 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.

CVRx Correlation With Market

Significant diversification

The correlation between CVRx Inc and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CVRx Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVRx 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 metropolitan statistical area.

Moving together with CVRx Stock

0.65	DOCS	Doximity	Pair Corr
0.71	FOXO	FOXO Technologies	Pair Corr
0.66	ITGR	Integer Holdings Corp	Pair Corr
0.73	MMSI	Merit Medical Systems	Pair Corr
0.68	NXGL	Nexgel Inc	Pair Corr
0.69	OMIC	Singular Genomics Systems	Pair Corr
0.67	CRVL	CorVel Corp	Pair Corr
0.95	EXEL	Exelixis	Pair Corr
0.77	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr

Moving against CVRx Stock

0.86	PHG	Koninklijke Philips	Pair Corr
0.77	EVH	Evolent Health	Pair Corr
0.74	AGL	agilon health Buyout Trend	Pair Corr
0.65	AMN	AMN Healthcare Services	Pair Corr
0.53	FORA	Forian Inc	Pair Corr
0.52	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.43	FIGS	Figs Inc	Pair Corr
0.32	DH	Definitive Healthcare	Pair Corr
0.32	IVP	Inspire Veterinary	Pair Corr
0.75	ME	23Andme Holding	Pair Corr
0.61	DOMH	Dominari Holdings	Pair Corr
0.58	ADUS	Addus HomeCare	Pair Corr
0.56	A	Agilent Technologies	Pair Corr
0.56	VALN	Valneva SE ADR	Pair Corr
0.45	ATPC	Agape ATP	Pair Corr
0.33	BACK	IMAC Holdings	Pair Corr
0.32	EQ	Equillium	Pair Corr
0.84	LLY	Eli Lilly	Pair Corr
0.82	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.81	HLN	Haleon plc	Pair Corr
0.81	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.78	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.57	EXAS	EXACT Sciences	Pair Corr
0.34	TIL	Instil Bio	Pair Corr

Related Correlations Analysis

	OSA	LIVN	ELMD	KIDS	SRDX	LUNG	HSKA	OFIX	NPCE	AORT
OSA		-0.05	0.29	-0.02	0.2	-0.14	0.05	0.34	0.45	0.28	OSA
LIVN	-0.05		0.65	-0.76	-0.61	-0.3	0.83	-0.21	-0.21	0.37	LIVN
ELMD	0.29	0.65		-0.78	-0.46	-0.49	0.79	0.42	0.35	0.59	ELMD
KIDS	-0.02	-0.76	-0.78		0.54	0.49	-0.77	0.03	-0.03	-0.29	KIDS
SRDX	0.2	-0.61	-0.46	0.54		0.44	-0.58	0.19	0.43	-0.34	SRDX
LUNG	-0.14	-0.3	-0.49	0.49	0.44		-0.17	-0.13	-0.02	-0.32	LUNG
HSKA	0.05	0.83	0.79	-0.77	-0.58	-0.17		-0.06	-0.1	0.34	HSKA
OFIX	0.34	-0.21	0.42	0.03	0.19	-0.13	-0.06		0.71	0.62	OFIX
NPCE	0.45	-0.21	0.35	-0.03	0.43	-0.02	-0.1	0.71		0.29	NPCE
AORT	0.28	0.37	0.59	-0.29	-0.34	-0.32	0.34	0.62	0.29		AORT
	OSA	LIVN	ELMD	KIDS	SRDX	LUNG	HSKA	OFIX	NPCE	AORT

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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

HSKA	+ 0.83	LIVN
HSKA	+ 0.79	ELMD
NPCE	+ 0.71	OFIX
ELMD	+ 0.65	LIVN
AORT	+ 0.62	OFIX
AORT	+ 0.59	ELMD

High negative correlations

KIDS	- 0.78	ELMD
HSKA	- 0.77	KIDS
KIDS	- 0.76	LIVN
SRDX	- 0.61	LIVN
HSKA	- 0.58	SRDX
LUNG	- 0.49	ELMD

Risk-Adjusted Indicators

There is a big difference between CVRx Stock performing well and CVRx 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 CVRx'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
OSA	104.70	42.41	1.97	0.63	13.81	(252.47)	51.22	(20.31)	168.97
LIVN	1.20	0.05	0.03	0.17	1.42	(1.18)	3.73	(2.55)	8.68
ELMD	2.60	0.91	0.31	0.98	2.15	(3.15)	6.65	(4.47)	13.47
KIDS	2.55	(0.32)	0.00	(0.11)	0.00	0.00	5.04	(5.08)	19.39
SRDX	0.48	(0.07)	0.00	(0.10)	0.00	0.00	1.26	(1.01)	3.22
LUNG	3.27	(0.19)	(0.01)	0.03	4.10	(3.67)	9.00	(6.89)	20.52
HSKA	1.18	0.59	0.82	15.69	0.00	(1.25)	3.63	(0.71)	21.36
OFIX	1.87	0.04	0.04	0.15	2.03	(2.09)	3.90	(3.85)	12.11
NPCE	3.51	0.32	0.14	0.25	3.00	(4.30)	9.73	(6.19)	35.38
AORT	1.34	(0.01)	0.02	0.11	1.46	(1.50)	2.74	(2.63)	9.51

CVRx Corporate Management

RN MBA	Reimbursement, Access	Profile
Tonya SPHR	Chief Officer	Profile
Jared Oasheim	Chief Officer	Profile
Paul Verrastro	Chief Officer	Profile
Craig Palmer	Senior Sales	Profile

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