Stratasys Correlations

SCY Stock

EUR 8.00 0.26 3.15%

The current 90-days correlation between Stratasys and Superior Plus Corp is 0.2 (i.e., Modest diversification). The correlation of Stratasys 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.

Stratasys Correlation With Market

Poor diversification

The correlation between Stratasys and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stratasys and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Stratasys could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stratasys when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Stratasys - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Stratasys to buy it.

Moving together with Stratasys Stock

0.7	CHV	Chevron	Pair Corr
0.71	AOA	Atkore Inc	Pair Corr
0.68	NZR	NZ REFINING CO	Pair Corr
0.79	OCBA	Oversea Chinese Banking	Pair Corr
0.79	KIN2	Kinross Gold	Pair Corr
0.8	INL	Intel	Pair Corr
0.68	GZM0	FEEDBACK PLC LS	Pair Corr
0.66	SHG	Sun Hung Kai	Pair Corr
0.76	TWZ	Trican Well Service	Pair Corr
0.82	W25	West African Resources Earnings Call This Week	Pair Corr
0.88	WFK	World Fuel Services	Pair Corr
0.74	C43	Cosmo Pharmaceuticals Earnings Call This Week	Pair Corr
0.79	KGHA	KGHM Polska Miedz	Pair Corr
0.66	F5J	Mineral Resources	Pair Corr
0.65	TEX	Castellum AB	Pair Corr
0.69	CWA0	REFINED METALS P	Pair Corr
0.76	30Z0	IPERIONX LTD SPADR10	Pair Corr
0.64	6MN	MARUHA NICHIRO P Split	Pair Corr
0.81	INL	Intel	Pair Corr
0.8	KIN2	Kinross Gold	Pair Corr
0.77	PKE	Park Aerospace Corp	Pair Corr
0.86	NE0	NEXA RESOURCES SA	Pair Corr

Moving against Stratasys Stock

0.71	DBPD	Xtrackers ShortDAX	Pair Corr
0.46	777	EUROSPORTS GLOBAL LTD	Pair Corr

Related Correlations Analysis

	8SP	94P	DVDG	INL	VOW	BTC1	RS6	RRU	9K1	3RKU
8SP		-0.04	0.2	0.31	-0.06	-0.07	0.43	0.11	0.23	0.1	8SP
94P	-0.04		0.06	-0.02	0.42	-0.16	-0.02	-0.09	0.23	0.27	94P
DVDG	0.2	0.06		0.68	0.3	-0.84	0.85	0.83	0.82	0.74	DVDG
INL	0.31	-0.02	0.68		0.27	-0.36	0.79	0.68	0.52	0.3	INL
VOW	-0.06	0.42	0.3	0.27		-0.12	0.34	0.44	0.26	0.02	VOW
BTC1	-0.07	-0.16	-0.84	-0.36	-0.12		-0.66	-0.48	-0.79	-0.82	BTC1
RS6	0.43	-0.02	0.85	0.79	0.34	-0.66		0.75	0.68	0.5	RS6
RRU	0.11	-0.09	0.83	0.68	0.44	-0.48	0.75		0.56	0.4	RRU
9K1	0.23	0.23	0.82	0.52	0.26	-0.79	0.68	0.56		0.74	9K1
3RKU	0.1	0.27	0.74	0.3	0.02	-0.82	0.5	0.4	0.74		3RKU
	8SP	94P	DVDG	INL	VOW	BTC1	RS6	RRU	9K1	3RKU

Please upgrade your account to get full access to Macroaxis premium features

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

RS6	+ 0.85	DVDG
RRU	+ 0.83	DVDG
9K1	+ 0.82	DVDG
RS6	+ 0.79	INL
RRU	+ 0.75	RS6
3RKU	+ 0.74	DVDG

High negative correlations

BTC1	- 0.84	DVDG
3RKU	- 0.82	BTC1
9K1	- 0.79	BTC1
RS6	- 0.66	BTC1
RRU	- 0.48	BTC1
BTC1	- 0.36	INL

Risk-Adjusted Indicators

There is a big difference between Stratasys Stock performing well and Stratasys 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 Stratasys' 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
8SP	1.35	(0.12)	0.00	(0.48)	0.00	0.00	2.29	(2.27)	22.43
94P	1.74	0.11	0.02	0.90	1.93	(2.05)	3.44	(3.49)	11.80
DVDG	0.43	0.15	0.10	(1.30)	0.29	(0.50)	0.96	(0.57)	3.06
INL	3.07	0.53	0.10	(0.99)	3.79	(3.36)	8.76	(5.40)	24.14
VOW	0.47	0.14	0.05	0.94	0.37	(1.07)	1.70	(0.66)	6.39
BTC1	2.22	(0.37)	0.00	(2.10)	0.00	0.00	4.44	(4.17)	14.40
RS6	1.29	0.20	0.11	0.70	1.15	(1.55)	3.18	(1.98)	7.73
RRU	1.78	0.41	0.18	1.23	1.68	(2.01)	3.53	(2.66)	9.23
9K1	1.91	0.19	0.03	(1.00)	2.53	(2.23)	4.97	(5.15)	12.87
3RKU	2.44	0.29	0.08	0.99	2.46	(3.10)	5.46	(4.49)	12.82

Be your own money manager

Our tools can tell you how much better you can do entering a position in Stratasys without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Price Transformation Now

Price Transformation

Use Price Transformation models to analyze the depth of different equity instruments across global markets

All Next

Launch Module

Stratasys Corporate Management

Elected by the shareholders, the Stratasys' board of directors comprises two types of representatives: Stratasys inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Stratasys. The board's role is to monitor Stratasys' management team and ensure that shareholders' interests are well served. Stratasys' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Stratasys' outside directors are responsible for providing unbiased perspectives on the board's policies.

Yonah Lloyd	CCO Relations	Profile
Omer Krieger	Exec Devel	Profile
Yossi Azarzar	Chief Officer	Profile
Yonah JD	CCO Relations	Profile
Vered Jacob	Chief Officer	Profile
Eitan Zamir	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