Ekso Bionics Correlations

EKSO Stock

USD 0.57 0.01 1.79%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ekso Bionics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ekso Bionics Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ekso Bionics Correlation With Market

Good diversification

The correlation between Ekso Bionics Holdings and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ekso Bionics Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ekso Bionics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Ekso Stock

0.65	TFX	Teleflex Incorporated Earnings Call This Week	Pair Corr
0.66	ERAS	Erasca Inc	Pair Corr
0.63	CGC	Canopy Growth Corp	Pair Corr
0.71	GBIO	Generation Bio	Pair Corr

Moving against Ekso Stock

0.61	NPCE	Neuropace	Pair Corr
0.53	HYPR	Hyperfine	Pair Corr
0.52	ELMD	Electromed	Pair Corr
0.45	A	Agilent Technologies	Pair Corr
0.43	ANGO	AngioDynamics	Pair Corr
0.42	DRTS	Alpha Tau Medical	Pair Corr
0.41	IRMD	Iradimed	Pair Corr
0.36	ITGR	Integer Holdings Corp	Pair Corr
0.35	ALC	Alcon AG Sell-off Trend	Pair Corr
0.58	GILD	Gilead Sciences	Pair Corr
0.47	KRON	Kronos Bio	Pair Corr
0.44	GOSS	Gossamer Bio	Pair Corr
0.37	LLY	Eli Lilly	Pair Corr

Related Correlations Analysis

	PDEX	CLPBY	OPSSF	SAUHY	NEPH	INFU	POCI	MLSS	FEMY	LMAT
PDEX		0.28	0.0	-0.61	-0.01	0.47	-0.02	-0.57	-0.41	0.09	PDEX
CLPBY	0.28		0.0	-0.21	0.37	0.74	0.09	-0.53	-0.33	0.84	CLPBY
OPSSF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	OPSSF
SAUHY	-0.61	-0.21	0.0		0.49	-0.38	0.11	0.8	0.53	-0.05	SAUHY
NEPH	-0.01	0.37	0.0	0.49		0.16	0.08	0.22	0.0	0.38	NEPH
INFU	0.47	0.74	0.0	-0.38	0.16		0.2	-0.67	-0.29	0.62	INFU
POCI	-0.02	0.09	0.0	0.11	0.08	0.2		-0.11	-0.06	0.1	POCI
MLSS	-0.57	-0.53	0.0	0.8	0.22	-0.67	-0.11		0.47	-0.26	MLSS
FEMY	-0.41	-0.33	0.0	0.53	0.0	-0.29	-0.06	0.47		-0.19	FEMY
LMAT	0.09	0.84	0.0	-0.05	0.38	0.62	0.1	-0.26	-0.19		LMAT
	PDEX	CLPBY	OPSSF	SAUHY	NEPH	INFU	POCI	MLSS	FEMY	LMAT

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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

LMAT	+ 0.84	CLPBY
MLSS	+ 0.8	SAUHY
INFU	+ 0.74	CLPBY
LMAT	+ 0.62	INFU
FEMY	+ 0.53	SAUHY
NEPH	+ 0.49	SAUHY

High negative correlations

MLSS	- 0.67	INFU
SAUHY	- 0.61	PDEX
MLSS	- 0.57	PDEX
MLSS	- 0.53	CLPBY
FEMY	- 0.41	PDEX
INFU	- 0.38	SAUHY

Risk-Adjusted Indicators

There is a big difference between Ekso Stock performing well and Ekso Bionics 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 Ekso Bionics' 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
PDEX	4.31	(0.13)	0.00	(0.09)	0.00	0.00	9.81	(10.00)	34.56
CLPBY	1.14	(0.21)	0.00	(0.41)	0.00	0.00	2.44	(2.33)	7.27
OPSSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SAUHY	1.41	0.15	0.08	0.81	1.53	(1.48)	2.99	(2.64)	6.96
NEPH	2.06	(0.06)	0.00	(0.09)	0.00	0.00	3.87	(4.79)	12.92
INFU	2.25	0.10	0.04	0.38	2.74	(2.50)	4.91	(4.38)	24.94
POCI	2.31	0.01	0.00	0.01	2.89	(2.32)	5.40	(4.44)	16.02
MLSS	4.46	0.88	0.20	0.63	3.96	(5.63)	9.88	(6.82)	35.99
FEMY	3.32	0.60	0.16	0.79	3.06	(4.82)	7.89	(4.85)	15.67
LMAT	1.30	(0.08)	0.00	(0.08)	0.00	0.00	2.23	(2.37)	11.04

Ekso Bionics Corporate Management

Stephan Aderhold	Senior EMEA	Profile
Rachael Anderson	Global Growth	Profile
Scott Davis	Chief Officer	Profile
Katherine Strausser	Principal Engineer	Profile

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