InspireMD Correlations

NSPR Stock

USD 1.83 0.01 0.55%

The current 90-days correlation between InspireMD and Vivani Medical is 0.08 (i.e., Significant diversification). The correlation of InspireMD 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.

InspireMD Correlation With Market

Excellent diversification

The correlation between InspireMD and DJI is -0.52 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding InspireMD and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with InspireMD Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in InspireMD. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in InspireMD Stock, please use our How to Invest in InspireMD guide.

Moving together with InspireMD Stock

0.61	SI	Shoulder Innovations	Pair Corr
0.69	ENOV	Enovis Corp Upward Rally	Pair Corr

Moving against InspireMD Stock

0.62	OM	Outset Medical	Pair Corr
0.6	DXCM	DexCom Inc	Pair Corr
0.46	HYB	HOYA	Pair Corr
0.8	SKAN	SKAN Group AG	Pair Corr
0.73	VREX	Varex Imaging Corp	Pair Corr
0.68	ECOR	Electrocore LLC	Pair Corr
0.65	EDAP	EDAP TMS SA	Pair Corr
0.61	EKSO	Ekso Bionics Holdings	Pair Corr
0.64	DRW8	Drgerwerk AG	Pair Corr
0.52	46K	IRadimed	Pair Corr
0.44	BB1	Blinklab	Pair Corr

Related Correlations Analysis

	VANI	RCEL	HYPR	FONR	EDAP	QIPT	MBOT	CNTX	ORMP	IMA
VANI		-0.03	0.21	-0.28	-0.41	-0.29	0.05	-0.24	-0.12	0.04	VANI
RCEL	-0.03		0.57	0.51	0.58	0.3	-0.07	0.76	0.61	0.44	RCEL
HYPR	0.21	0.57		0.58	0.52	0.42	-0.27	0.54	0.7	0.39	HYPR
FONR	-0.28	0.51	0.58		0.89	0.76	-0.34	0.83	0.85	0.47	FONR
EDAP	-0.41	0.58	0.52	0.89		0.79	-0.3	0.9	0.86	0.36	EDAP
QIPT	-0.29	0.3	0.42	0.76	0.79		-0.31	0.64	0.74	0.06	QIPT
MBOT	0.05	-0.07	-0.27	-0.34	-0.3	-0.31		-0.37	-0.24	-0.47	MBOT
CNTX	-0.24	0.76	0.54	0.83	0.9	0.64	-0.37		0.79	0.53	CNTX
ORMP	-0.12	0.61	0.7	0.85	0.86	0.74	-0.24	0.79		0.36	ORMP
IMA	0.04	0.44	0.39	0.47	0.36	0.06	-0.47	0.53	0.36		IMA
	VANI	RCEL	HYPR	FONR	EDAP	QIPT	MBOT	CNTX	ORMP	IMA

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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

CNTX	+ 0.9	EDAP
EDAP	+ 0.89	FONR
ORMP	+ 0.86	EDAP
ORMP	+ 0.85	FONR
CNTX	+ 0.83	FONR
QIPT	+ 0.79	EDAP

High negative correlations

IMA	- 0.47	MBOT
EDAP	- 0.41	VANI
CNTX	- 0.37	MBOT
MBOT	- 0.34	FONR
MBOT	- 0.31	QIPT
MBOT	- 0.3	EDAP

Risk-Adjusted Indicators

There is a big difference between InspireMD Stock performing well and InspireMD 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 InspireMD'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
VANI	2.75	(0.14)	0.00	(0.08)	0.00	0.00	6.78	(6.40)	18.98
RCEL	2.86	0.44	0.13	0.99	2.52	(3.63)	9.36	(4.00)	19.95
HYPR	3.68	0.14	0.03	0.24	3.87	(4.76)	8.77	(7.14)	18.91
FONR	1.16	0.47	0.36	(1.18)	0.08	(1.53)	1.96	(1.54)	27.57
EDAP	4.29	0.82	0.24	0.41	3.61	(6.53)	14.48	(5.35)	38.43
QIPT	1.47	0.86	0.86	(1.60)	0.00	(2.29)	3.16	(0.90)	34.66
MBOT	3.86	0.49	0.18	0.35	3.09	(5.44)	11.41	(6.61)	30.11
CNTX	4.22	1.24	0.23	(2.17)	3.71	(4.98)	9.59	(6.88)	24.11
ORMP	2.89	0.45	0.18	0.32	2.48	(3.84)	7.28	(4.35)	17.67
IMA	2.70	(0.05)	(0.04)	(0.02)	3.10	(3.30)	6.76	(5.35)	19.70

InspireMD Corporate Management

Shane Gleason	Chief Officer	Profile
Michael Lawless	Chief Officer	Profile
Peter MD	Chief Officer	Profile
Roei Samuri	VP Operations	Profile
DVM MD	Executive Affairs	Profile
Andrea Tommasoli	Chief Officer	Profile

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