Modular Medical Correlations

MODD Stock

USD 0.46 0.03 6.98%

The current 90-days correlation between Modular Medical and Inspira Technologies Oxy is -0.03 (i.e., Good diversification). The correlation of Modular 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.

Modular Medical Correlation With Market

Good diversification

The correlation between Modular Medical and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Modular Medical and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Modular Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Modular 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 unemployment.

For information on how to trade Modular Stock refer to our How to Trade Modular Stock guide.

Moving against Modular Stock

0.52	2DR	Inspire Medical Systems	Pair Corr
0.47	HAE	Haemonetics	Pair Corr
0.33	XTNT	Xtant Medical Holdings	Pair Corr
0.47	NSPR	InspireMD	Pair Corr
0.31	MBOT	Microbot Medical	Pair Corr
0.31	MMSI	Merit Medical Systems	Pair Corr

Related Correlations Analysis

	IINN	PTHL	BMRA	HSCS	SSKN	APVO	ADVB	BNR
IINN		0.32	0.17	-0.63	0.65	0.76	0.78	-0.72	IINN
PTHL	0.32		-0.39	-0.4	0.4	0.58	0.43	-0.39	PTHL
BMRA	0.17	-0.39		0.31	0.16	-0.26	0.07	0.0	BMRA
HSCS	-0.63	-0.4	0.31		-0.21	-0.62	-0.46	0.56	HSCS
SSKN	0.65	0.4	0.16	-0.21		0.76	0.77	-0.68	SSKN
APVO	0.76	0.58	-0.26	-0.62	0.76		0.87	-0.8	APVO
ADVB	0.78	0.43	0.07	-0.46	0.77	0.87		-0.8	ADVB
BNR	-0.72	-0.39	0.0	0.56	-0.68	-0.8	-0.8		BNR
	IINN	PTHL	BMRA	HSCS	SSKN	APVO	ADVB	BNR

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

ADVB	+ 0.87	APVO
ADVB	+ 0.78	IINN
ADVB	+ 0.77	SSKN
APVO	+ 0.76	IINN
APVO	+ 0.76	SSKN
SSKN	+ 0.65	IINN

High negative correlations

BNR	- 0.8	ADVB
BNR	- 0.8	APVO
BNR	- 0.72	IINN
BNR	- 0.68	SSKN
HSCS	- 0.63	IINN
APVO	- 0.62	HSCS

Risk-Adjusted Indicators

There is a big difference between Modular Stock performing well and Modular 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 Modular 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
IINN	3.26	(0.86)	0.00	(0.61)	0.00	0.00	6.86	(7.14)	15.99
PTHL	5.52	0.35	0.03	(0.67)	6.77	(7.91)	6.56	(9.84)	136.77
BMRA	2.51	(0.18)	0.00	(0.22)	0.00	0.00	4.37	(4.98)	18.44
HSCS	4.25	0.38	0.05	(27.85)	4.89	(5.06)	11.07	(7.86)	26.18
SSKN	3.63	(0.53)	0.00	(0.20)	0.00	0.00	7.56	(7.30)	18.95
APVO	4.75	(1.91)	0.00	(1.17)	0.00	0.00	7.81	(10.34)	43.37
ADVB	4.06	(0.82)	0.00	(0.61)	0.00	0.00	8.11	(9.68)	28.22
BNR	7.86	1.49	0.21	0.53	6.84	(8.95)	18.91	(13.63)	50.29

Modular Medical Corporate Management

Marc Goldman	Head Engineering	Profile
David Bosshard	Head Operations	Profile
James Besser	Chief Officer	Profile
Kevin Schmid	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC