ICU Medical Correlations

ICUI Stock

USD 148.27 3.37 2.33%

The current 90-days correlation between ICU Medical and Arcutis Biotherapeutics is 0.22 (i.e., Modest diversification). The correlation of ICU Medical 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.

ICU Medical Correlation With Market

Poor diversification

The correlation between ICU Medical and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ICU Medical and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ICU Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ICU Medical. 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.

For more detail on how to invest in ICU Stock please use our How to Invest in ICU Medical guide.

Moving together with ICU Stock

0.76	DXCM	DexCom Inc	Pair Corr
0.69	VREX	Varex Imaging Corp	Pair Corr
0.62	EDAP	EDAP TMS SA	Pair Corr
0.65	BLCO	Bausch Lomb Corp Earnings Call Tomorrow	Pair Corr
0.69	SKAN	SKAN Group AG	Pair Corr

Moving against ICU Stock

0.7	OTC	Ocumetics Technology Corp	Pair Corr
0.62	ELAB	Elevai Labs Common	Pair Corr
0.54	VVOS	Vivos Therapeutics	Pair Corr
0.51	DYNT	Dynatronics	Pair Corr
0.4	FIE1	FIELMANN AG ON	Pair Corr
0.39	49Z	Cellink AB Earnings Call Tomorrow	Pair Corr
0.37	IPD	Impedimed Earnings Call This Week	Pair Corr
0.37	VNRX	Volitionrx	Pair Corr
0.53	EUDA	EUDA Health Holdings	Pair Corr
0.49	XEJ	Accuray Incorporated	Pair Corr
0.47	ENOV	Enovis Corp	Pair Corr
0.47	AHC	Austco Healthcare Earnings Call Next Week	Pair Corr
0.46	ABT	Abbott Laboratories	Pair Corr
0.44	EMBC	Embecta Corp	Pair Corr
0.43	MM3	Merit Medical Systems Earnings Call This Week	Pair Corr
0.42	IUI1	Intuitive Surgical	Pair Corr

Related Correlations Analysis

	ARQT	XRAY	PBH	HAE	LIVN	TVTX	HTFL	PRGO	TARS	IRON
ARQT		-0.27	-0.42	0.68	0.29	0.52	-0.17	-0.41	0.72	0.47	ARQT
XRAY	-0.27		0.89	-0.6	0.7	-0.66	0.05	0.79	-0.67	-0.72	XRAY
PBH	-0.42	0.89		-0.62	0.59	-0.67	0.05	0.82	-0.69	-0.82	PBH
HAE	0.68	-0.6	-0.62		-0.16	0.68	0.18	-0.39	0.93	0.6	HAE
LIVN	0.29	0.7	0.59	-0.16		-0.3	-0.13	0.43	-0.25	-0.36	LIVN
TVTX	0.52	-0.66	-0.67	0.68	-0.3		-0.07	-0.55	0.77	0.52	TVTX
HTFL	-0.17	0.05	0.05	0.18	-0.13	-0.07		0.36	0.14	-0.11	HTFL
PRGO	-0.41	0.79	0.82	-0.39	0.43	-0.55	0.36		-0.49	-0.77	PRGO
TARS	0.72	-0.67	-0.69	0.93	-0.25	0.77	0.14	-0.49		0.59	TARS
IRON	0.47	-0.72	-0.82	0.6	-0.36	0.52	-0.11	-0.77	0.59		IRON
	ARQT	XRAY	PBH	HAE	LIVN	TVTX	HTFL	PRGO	TARS	IRON

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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

TARS	+ 0.93	HAE
PBH	+ 0.89	XRAY
PRGO	+ 0.82	PBH
PRGO	+ 0.79	XRAY
TARS	+ 0.77	TVTX
TARS	+ 0.72	ARQT

High negative correlations

IRON	- 0.82	PBH
IRON	- 0.77	PRGO
IRON	- 0.72	XRAY
TARS	- 0.69	PBH
TVTX	- 0.67	PBH
TARS	- 0.67	XRAY

Risk-Adjusted Indicators

There is a big difference between ICU Stock performing well and ICU Medical 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 ICU Medical'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
ARQT	2.12	0.13	0.04	0.34	2.06	(2.57)	4.79	(3.34)	14.92
XRAY	1.96	0.17	0.12	0.15	1.84	(2.53)	5.73	(2.96)	16.38
PBH	1.10	0.11	0.07	0.21	1.21	(1.22)	2.37	(2.29)	6.29
HAE	1.49	(0.30)	0.00	(2.11)	0.00	0.00	2.66	(3.70)	13.62
LIVN	1.58	0.32	0.23	0.29	1.18	(2.01)	4.27	(2.51)	13.14
TVTX	2.66	(0.33)	0.00	(0.21)	0.00	0.00	5.65	(6.98)	28.55
HTFL	3.83	(0.81)	0.00	(0.20)	0.00	0.00	6.73	(8.14)	28.04
PRGO	1.67	0.01	0.01	0.07	1.93	(1.75)	3.75	(2.99)	7.24
TARS	1.63	(0.31)	0.00	(0.33)	0.00	0.00	3.78	(3.91)	10.88
IRON	2.47	(0.54)	0.00	(2.67)	0.00	0.00	4.33	(7.75)	14.87

ICU Medical Corporate Management

Clay Fradd	Corporate Resources	Profile
Christian Voigtlander	Chief Officer	Profile
Brian Bonnell	CFO Treasurer	Profile
Ben Sousa	Chief Officer	Profile

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