DexCom Correlations

DXCM Stock

USD 68.43 1.67 2.38%

The current 90-days correlation between DexCom Inc and STERIS plc is -0.16 (i.e., Good 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

Significant diversification

The correlation between DexCom Inc and DJI is 0.04 (i.e., Significant 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 signals in unemployment.

Moving together with DexCom Stock

0.77	AVR	Anteris Technologies Downward Rally	Pair Corr
0.66	XRAY	Dentsply Sirona	Pair Corr

Moving against DexCom Stock

0.7	300869	Contec Medical Systems	Pair Corr
0.49	688198	Beijing Balance Medical	Pair Corr
0.41	IHC	Inspiration Healthcare	Pair Corr
0.4	688139	Qingdao Haier Biomedical	Pair Corr
0.4	300981	Zhonghong Pulin Medical	Pair Corr
0.38	688656	HOB Biotech Group	Pair Corr
0.36	002382	Blue Sail Medical	Pair Corr
0.66	002950	Allmed Medical Products	Pair Corr
0.62	002432	Andon Health	Pair Corr
0.5	603301	Zhende Medical	Pair Corr
0.33	300314	Ningbo David Medical	Pair Corr
0.33	300562	Guangdong Transtek	Pair Corr

Related Correlations Analysis

	STE	PODD	ZBH	PHG	SNN	LH	WAT	BIIB	WST	TEVA
STE		-0.08	-0.65	0.05	-0.8	-0.37	0.9	0.8	-0.07	0.67	STE
PODD	-0.08		0.31	0.37	0.29	0.44	-0.25	-0.45	-0.03	-0.71	PODD
ZBH	-0.65	0.31		0.3	0.84	0.61	-0.57	-0.56	0.41	-0.7	ZBH
PHG	0.05	0.37	0.3		0.35	0.34	-0.06	-0.21	0.31	-0.28	PHG
SNN	-0.8	0.29	0.84	0.35		0.47	-0.74	-0.77	0.39	-0.77	SNN
LH	-0.37	0.44	0.61	0.34	0.47		-0.5	-0.51	-0.08	-0.63	LH
WAT	0.9	-0.25	-0.57	-0.06	-0.74	-0.5		0.91	0.13	0.79	WAT
BIIB	0.8	-0.45	-0.56	-0.21	-0.77	-0.51	0.91		-0.01	0.89	BIIB
WST	-0.07	-0.03	0.41	0.31	0.39	-0.08	0.13	-0.01		-0.06	WST
TEVA	0.67	-0.71	-0.7	-0.28	-0.77	-0.63	0.79	0.89	-0.06		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	+ 0.91	WAT
WAT	+ 0.9	STE
TEVA	+ 0.89	BIIB
SNN	+ 0.84	ZBH
BIIB	+ 0.8	STE
TEVA	+ 0.79	WAT

High negative correlations

SNN	- 0.8	STE
TEVA	- 0.77	SNN
BIIB	- 0.77	SNN
WAT	- 0.74	SNN
TEVA	- 0.71	PODD
TEVA	- 0.7	ZBH

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	0.87	0.07	0.01	0.30	0.90	(1.02)	1.91	(1.58)	9.76
PODD	1.51	(0.04)	0.00	0.15	0.00	0.00	3.24	(2.73)	13.53
ZBH	1.31	(0.13)	0.00	(0.12)	0.00	0.00	3.30	(2.20)	18.60
PHG	1.12	0.03	0.01	0.12	1.78	(1.05)	2.43	(2.41)	8.74
SNN	1.06	(0.16)	0.00	(0.10)	0.00	0.00	2.29	(1.83)	14.66
LH	1.11	(0.21)	0.00	(0.24)	0.00	0.00	2.47	(2.34)	7.53
WAT	1.16	0.27	0.25	0.41	0.66	(1.50)	3.25	(1.75)	8.38
BIIB	1.25	0.28	0.17	0.67	1.11	(1.46)	2.91	(2.37)	7.08
WST	1.44	(0.01)	(0.01)	0.07	1.61	(1.56)	2.56	(2.89)	14.90
TEVA	1.60	0.64	0.55	0.63	0.50	(2.10)	3.59	(1.64)	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	Quality Services	Profile
Jereme Sylvain	CFO VP	Profile

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