InfuSystems Holdings Correlations

INFU Stock

USD 9.24 0.22 2.44%

The current 90-days correlation between InfuSystems Holdings and Electromed is 0.16 (i.e., Average diversification). The correlation of InfuSystems Holdings 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.

InfuSystems Holdings Correlation With Market

Weak diversification

The correlation between InfuSystems Holdings and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding InfuSystems Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy InfuSystems Stock please use our How to Invest in InfuSystems Holdings guide.

Moving together with InfuSystems Stock

0.7	MD	Mednax Inc	Pair Corr
0.79	OM	Outset Medical	Pair Corr
0.86	DOCS	Doximity	Pair Corr
0.67	VREX	Varex Imaging Corp	Pair Corr
0.77	ELMD	Electromed	Pair Corr

Moving against InfuSystems Stock

0.73	EKSO	Ekso Bionics Holdings	Pair Corr
0.6	VERO	Venus Concept	Pair Corr
0.52	EDAP	EDAP TMS SA	Pair Corr
0.32	CI	Cigna Corp	Pair Corr
0.82	AMN	AMN Healthcare Services	Pair Corr
0.78	BAX	Baxter International	Pair Corr
0.76	ALC	Alcon AG	Pair Corr
0.75	AGL	agilon health	Pair Corr
0.72	FLGT	Fulgent Genetics	Pair Corr
0.55	ELAB	Elevai Labs, Common	Pair Corr
0.53	FIGS	Figs Inc	Pair Corr
0.47	AWH	Aspira Womens Health	Pair Corr
0.44	FEMY	Femasys	Pair Corr
0.39	WORX	Scworx Corp Buyout Trend	Pair Corr
0.37	ENSG	Ensign Group	Pair Corr
0.35	AHG	Akso Health Group	Pair Corr
0.33	ESTA	Establishment Labs	Pair Corr

Related Correlations Analysis

	ELMD	ISDR	IRIX	MLSS	JYNT
ELMD		-0.15	-0.68	-0.92	0.03	ELMD
ISDR	-0.15		0.18	0.34	0.03	ISDR
IRIX	-0.68	0.18		0.65	0.04	IRIX
MLSS	-0.92	0.34	0.65		-0.06	MLSS
JYNT	0.03	0.03	0.04	-0.06		JYNT
	ELMD	ISDR	IRIX	MLSS	JYNT

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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

MLSS	+ 0.65	IRIX
MLSS	+ 0.34	ISDR
IRIX	+ 0.18	ISDR
JYNT	+ 0.04	IRIX
JYNT	+ 0.03	ELMD
JYNT	+ 0.03	ISDR

High negative correlations

MLSS	- 0.92	ELMD
IRIX	- 0.68	ELMD
ISDR	- 0.15	ELMD
JYNT	- 0.06	MLSS

Risk-Adjusted Indicators

There is a big difference between InfuSystems Stock performing well and InfuSystems Holdings 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 InfuSystems Holdings' 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
ELMD	2.50	0.99	0.34	1.02	2.04	(3.05)	6.65	(4.47)	13.47
ISDR	2.85	0.04	0.03	0.11	2.88	(3.32)	8.57	(4.71)	19.72
IRIX	2.53	(0.18)	0.00	(0.16)	0.00	0.00	4.76	(5.33)	40.39
MLSS	2.91	(0.45)	0.00	(0.57)	0.00	0.00	7.53	(7.89)	27.59
JYNT	2.12	(0.12)	(0.02)	0.02	2.32	(2.74)	5.29	(4.02)	15.39

InfuSystems Holdings Corporate Management

Thomas Ruiz	Ex Officer	Profile
BSN MBA	COO Pres	Profile
Jeanie Latz	Corporate Secretary	Profile
Jeannine Sheehan	Exec Officer	Profile
Jerod Funke	Executive Officer	Profile

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