Merit Medical Correlations

MMSI Stock

USD 62.86 1.23 2.00%

Rolling correlation with major benchmarks shows how the stock's diversification benefit shifts over time. The current 90-days correlation between Merit Medical Systems and Teleflex Incorporated is 0.28 (i.e., Moderate diversification).

Market Correlation Snapshot: Merit Medical

Moderate diversification

For the present investment horizon, the measured correlation between Merit Medical and Dow Jones stands at 0.36, or Moderate diversification. Lower overlap tends to improve diversification, while higher overlap means both positions carry similar risk.

Merit Medical has a market cap of 3.61 billion, an operating margin of 11.52% (TTM), current ratio of 2.35. These figures offer a starting point for comparing against sector peers. Comparing individual position volatility against portfolio-level volatility measures diversification. Broader economic conditions can influence Merit Medical Systems's company valuation - related indicators include signals in population.

Moving together with Merit Medical Stock

0.67	FNMFO	Federal National Mortgage	Pair Corr
0.73	WF	Woori Financial Group	Pair Corr
0.74	WFC-PL	Wells Fargo	Pair Corr
0.69	GE	GE Aerospace	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.7	MCD	McDonalds Earnings Call Today	Pair Corr

Moving Against Merit Medical Stock

0.4	CSCO	Cisco Systems Earnings Call This Week	Pair Corr
0.38	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	TFX	BLCO	STVN	KRYS	TGTX	GKOS	ALKS	PTCT	TMDX	BRKR
TFX		-0.21	0.22	0.3	0.77	0.61	0.43	0.11	-0.27	0.16	TFX
BLCO	-0.21		0.15	0.3	-0.47	0.07	-0.12	0.13	0.79	0.53	BLCO
STVN	0.22	0.15		0.6	0.22	0.55	0.18	-0.17	0.08	0.25	STVN
KRYS	0.3	0.3	0.6		0.37	0.64	0.64	0.41	0.06	0.68	KRYS
TGTX	0.77	-0.47	0.22	0.37		0.64	0.59	0.15	-0.62	0.13	TGTX
GKOS	0.61	0.07	0.55	0.64	0.64		0.63	0.15	-0.24	0.5	GKOS
ALKS	0.43	-0.12	0.18	0.64	0.59	0.63		0.58	-0.34	0.54	ALKS
PTCT	0.11	0.13	-0.17	0.41	0.15	0.15	0.58		0.07	0.57	PTCT
TMDX	-0.27	0.79	0.08	0.06	-0.62	-0.24	-0.34	0.07		0.27	TMDX
BRKR	0.16	0.53	0.25	0.68	0.13	0.5	0.54	0.57	0.27		BRKR
	TFX	BLCO	STVN	KRYS	TGTX	GKOS	ALKS	PTCT	TMDX	BRKR

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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

TMDX	+ 0.79	BLCO
TGTX	+ 0.77	TFX
BRKR	+ 0.68	KRYS
GKOS	+ 0.64	KRYS
ALKS	+ 0.64	KRYS
GKOS	+ 0.64	TGTX

High negative correlations

TMDX	- 0.62	TGTX
TGTX	- 0.47	BLCO
TMDX	- 0.34	ALKS
TMDX	- 0.27	TFX
TMDX	- 0.24	GKOS
BLCO	- 0.21	TFX

Risk-Adjusted Indicators

Strong recent returns in Merit Medical Stock do not always mean Merit Medical Company is outperforming peers on business quality. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TFX	1.98	0.27	0.12	0.34	2.02	-2.43	5.19	-3.12	18.31
BLCO	1.63	-0.04	0.00	-0.02	0.00	0.00	3.89	-3.27	9.37
STVN	2.41	0.51	0.17	0.31	2.42	-2.78	4.55	-3.87	27.89
KRYS	1.86	0.14	0.05	0.21	2.38	-1.88	4.12	-2.86	11.40
TGTX	2.33	0.69	0.30	0.47	1.73	-2.70	5.49	-3.63	14.19
GKOS	2.45	0.32	0.14	0.17	2.10	-2.99	4.63	-3.54	25.95
ALKS	2.03	0.11	0.05	0.08	2.24	-2.42	4.41	-3.47	21.75
PTCT	1.72	-0.16	0.00	-0.13	0.00	0.00	3.44	-3.19	17.01
TMDX	3.12	-0.82	0.00	-0.74	0.00	0.00	5.27	-6.34	17.17
BRKR	2.51	0.08	0.03	0.05	3.31	-2.94	4.68	-4.76	13.97

Merit Medical Corporate Management

Mark Butler	Executive Vice President of Merit Medical EMEA	Profile
Sarah Comstock	Vice President of Global Communications	Profile
CPA Parra	CFO Treasurer	Profile
Michel Voigt	Chief Human Resources Officer	Profile
Brian Lloyd	Chief Legal Officer & Corporate Secretary	Profile