DexCom Correlations

DXCM Stock

USD 73.04 0.96 1.30%

The current 90-days correlation between DexCom Inc and STERIS plc is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DexCom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DexCom Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

DexCom Correlation With Market

Poor diversification

The correlation between DexCom Inc and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DexCom Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DexCom Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DexCom Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with DexCom Stock

0.67	BAX	Baxter International	Pair Corr
0.69	GKOS	Glaukos Corp	Pair Corr
0.74	4DX	4DMEDICAL	Pair Corr
0.72	IMR	Imricor Medical Systems	Pair Corr
0.63	NUTX	Nutex Health	Pair Corr
0.77	EYE	Nova EYE Medical	Pair Corr
0.77	BFLY	Butterfly Network	Pair Corr
0.66	BLCO	Bausch Lomb Corp	Pair Corr
0.72	SPGX	Sustainable Projects	Pair Corr
0.63	LIN	Linde plc Ordinary Earnings Call This Week	Pair Corr
0.78	WMT	Walmart Common Stock	Pair Corr
0.83	BA	Boeing	Pair Corr
0.71	XOM	Exxon Mobil Corp	Pair Corr

Moving against DexCom Stock

0.81	AHC	Austco Healthcare	Pair Corr
0.64	STVN	Stevanato Group SpA	Pair Corr
0.63	OTC	Ocumetics Technology Corp	Pair Corr
0.63	ABT	Abbott Laboratories	Pair Corr
0.59	NTI	Neurotech International	Pair Corr
0.47	MASI	Masimo	Pair Corr
0.42	IRTC	iRhythm Technologies	Pair Corr
0.4	RHT	Resonance Health	Pair Corr
0.82	PBCRY	Bank Central Asia	Pair Corr
0.58	PTAIF	PT Astra International	Pair Corr
0.49	T	ATT Inc Earnings Call This Week	Pair Corr
0.35	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	STE	PODD	ZBH	PHG	SNN	LH	WAT	BIIB	WST	TEVA
STE		-0.14	-0.55	0.43	-0.67	0.48	0.81	0.59	-0.34	0.52	STE
PODD	-0.14		0.46	-0.22	0.16	-0.03	-0.19	-0.41	0.51	-0.83	PODD
ZBH	-0.55	0.46		-0.26	0.64	-0.16	-0.34	-0.26	0.65	-0.63	ZBH
PHG	0.43	-0.22	-0.26		0.07	0.39	0.26	0.03	-0.3	0.26	PHG
SNN	-0.67	0.16	0.64	0.07		-0.16	-0.62	-0.57	0.28	-0.54	SNN
LH	0.48	-0.03	-0.16	0.39	-0.16		0.33	0.13	-0.48	0.1	LH
WAT	0.81	-0.19	-0.34	0.26	-0.62	0.33		0.82	-0.11	0.6	WAT
BIIB	0.59	-0.41	-0.26	0.03	-0.57	0.13	0.82		-0.17	0.73	BIIB
WST	-0.34	0.51	0.65	-0.3	0.28	-0.48	-0.11	-0.17		-0.43	WST
TEVA	0.52	-0.83	-0.63	0.26	-0.54	0.1	0.6	0.73	-0.43		TEVA
	STE	PODD	ZBH	PHG	SNN	LH	WAT	BIIB	WST	TEVA

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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

BIIB	+ 0.82	WAT
WAT	+ 0.81	STE
TEVA	+ 0.73	BIIB
WST	+ 0.65	ZBH
SNN	+ 0.64	ZBH
TEVA	+ 0.6	WAT

High negative correlations

TEVA	- 0.83	PODD
SNN	- 0.67	STE
TEVA	- 0.63	ZBH
WAT	- 0.62	SNN
BIIB	- 0.57	SNN
ZBH	- 0.55	STE

Risk-Adjusted Indicators

There is a big difference between DexCom Stock performing well and DexCom 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 DexCom'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
STE	0.96	0.11	0.08	0.24	1.07	(1.09)	1.91	(1.83)	10.91
PODD	1.56	(0.38)	0.00	(0.46)	0.00	0.00	3.24	(3.62)	13.53
ZBH	1.32	(0.25)	0.00	(0.37)	0.00	0.00	2.92	(2.20)	18.45
PHG	1.21	(0.04)	(0.02)	(0.01)	1.97	(1.05)	2.53	(2.41)	8.74
SNN	1.19	(0.14)	0.00	(0.09)	0.00	0.00	2.40	(1.94)	14.66
LH	1.15	(0.04)	0.00	(0.03)	0.00	0.00	2.71	(2.13)	5.89
WAT	1.11	0.05	0.04	0.08	0.99	(1.44)	3.35	(1.83)	8.85
BIIB	1.40	0.26	0.13	0.46	1.67	(1.49)	3.11	(2.55)	9.61
WST	1.43	(0.36)	0.00	(0.24)	0.00	0.00	2.50	(3.58)	12.18
TEVA	1.60	0.82	0.70	0.67	0.27	(2.05)	3.59	(1.61)	23.46

DexCom Corporate Management

Shelly Selvaraj	Senior Officer	Profile
Leverne Marsh	Executive Marketing	Profile
Matthew Dolan	Executive Development	Profile
Teri Lawver	Executive Officer	Profile
Donald Abbey	Regulatory, Services	Profile
Jereme Sylvain	CFO VP	Profile

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