Si Bone Correlations

SIBN Stock

USD 15.24 0.16 1.04%

The current 90-days correlation between Si Bone and Orthofix Medical is 0.39 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Si Bone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Si Bone moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Si Bone Correlation With Market

Very good diversification

The correlation between Si Bone and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Si Bone and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SIBN Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Si Bone. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in SIBN Stock, please use our How to Invest in Si Bone guide.

Moving together with SIBN Stock

0.87	HAE	Haemonetics	Pair Corr
0.65	MMSI	Merit Medical Systems	Pair Corr

Moving against SIBN Stock

0.43	AHG	Akso Health Group	Pair Corr
0.39	TRLS	Trellus Health plc	Pair Corr
0.36	IVF	INVO Fertility Symbol Change	Pair Corr
0.7	CREO	Creo Medical Group	Pair Corr
0.66	TLT	Theralase Technologies	Pair Corr
0.63	POCI	Precision Optics Earnings Call Tomorrow	Pair Corr
0.58	IMR	Imricor Medical Systems	Pair Corr
0.55	MODD	Modular Medical	Pair Corr
0.54	EYE	Nova EYE Medical	Pair Corr
0.52	AFME	Affluent Medical SAS	Pair Corr
0.47	FPH	Fisher Paykel Healthcare Earnings Call Tomorrow	Pair Corr
0.39	MDX	MedX Health Corp	Pair Corr

Related Correlations Analysis

	OFIX	PACB	CLPT	BFLY	INNV	AIRS	AVNS	AVXL	AQST	VREX
OFIX		0.02	0.15	-0.3	-0.6	0.09	-0.75	-0.18	0.8	-0.72	OFIX
PACB	0.02		-0.21	0.46	-0.13	-0.25	0.17	0.0	-0.28	0.19	PACB
CLPT	0.15	-0.21		-0.2	-0.29	0.64	-0.27	0.68	0.06	-0.01	CLPT
BFLY	-0.3	0.46	-0.2		0.25	-0.68	0.42	-0.13	-0.57	0.67	BFLY
INNV	-0.6	-0.13	-0.29	0.25		-0.39	0.82	-0.12	-0.49	0.6	INNV
AIRS	0.09	-0.25	0.64	-0.68	-0.39		-0.34	0.69	0.22	-0.3	AIRS
AVNS	-0.75	0.17	-0.27	0.42	0.82	-0.34		0.02	-0.74	0.81	AVNS
AVXL	-0.18	0.0	0.68	-0.13	-0.12	0.69	0.02		-0.22	0.28	AVXL
AQST	0.8	-0.28	0.06	-0.57	-0.49	0.22	-0.74	-0.22		-0.86	AQST
VREX	-0.72	0.19	-0.01	0.67	0.6	-0.3	0.81	0.28	-0.86		VREX
	OFIX	PACB	CLPT	BFLY	INNV	AIRS	AVNS	AVXL	AQST	VREX

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

AVNS	+ 0.82	INNV
VREX	+ 0.81	AVNS
AQST	+ 0.8	OFIX
AVXL	+ 0.69	AIRS
AVXL	+ 0.68	CLPT
VREX	+ 0.67	BFLY

High negative correlations

VREX	- 0.86	AQST
AVNS	- 0.75	OFIX
AQST	- 0.74	AVNS
VREX	- 0.72	OFIX
AIRS	- 0.68	BFLY
INNV	- 0.6	OFIX

Risk-Adjusted Indicators

There is a big difference between SIBN Stock performing well and Si Bone 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 Si Bone'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
OFIX	1.51	(0.26)	0.00	(0.13)	0.00	0.00	2.99	(3.31)	10.40
PACB	4.61	(0.04)	0.00	0.05	4.75	(5.92)	10.33	(8.44)	29.88
CLPT	3.56	(0.37)	0.00	(0.15)	0.00	0.00	7.36	(7.54)	21.07
BFLY	4.91	0.44	0.11	0.25	4.99	(5.88)	12.50	(9.14)	35.76
INNV	4.61	1.22	0.27	0.91	3.73	(5.69)	11.91	(6.77)	41.44
AIRS	5.92	(1.61)	0.00	2.25	0.00	0.00	9.46	(13.23)	50.82
AVNS	1.74	0.40	0.24	0.42	1.38	(2.21)	4.79	(3.03)	9.85
AVXL	4.57	(0.92)	0.00	(0.18)	0.00	0.00	8.16	(10.97)	41.40
AQST	4.00	(0.44)	0.00	(0.51)	0.00	0.00	7.10	(7.62)	45.05
VREX	1.58	0.19	0.06	0.23	2.97	(1.64)	3.76	(2.67)	17.42

Si Bone Corporate Management

Daniel MD	Regulatory Clinical	Profile
MSc BE	Vice Operations	Profile
Troy Wahlenmaier	Senior Sales	Profile
Anshul Maheshwari	Chief Officer	Profile
Aimee Einstein	Vice Culture	Profile
Daniel Cher	Senior Affairs	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