Sensus Healthcare Correlations

SRTS Stock

USD 4.02 0.03 0.75%

The current 90-days correlation between Sensus Healthcare and Tela Bio is 0.24 (i.e., Modest diversification). The correlation of Sensus Healthcare 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.

Sensus Healthcare Correlation With Market

Very weak diversification

The correlation between Sensus Healthcare and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sensus Healthcare and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sensus Stock

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

For more information on how to buy Sensus Stock please use our How to Invest in Sensus Healthcare guide.

Moving together with Sensus Stock

0.81	OM	Outset Medical	Pair Corr
0.71	VREX	Varex Imaging Corp	Pair Corr
0.63	ECOR	Electrocore LLC	Pair Corr
0.81	SKAN	SKAN Group AG	Pair Corr

Moving against Sensus Stock

0.6	SPEC	Inspecs Group plc	Pair Corr
0.49	IL3	Integra LifeSciences Earnings Call Today	Pair Corr
0.44	DYNT	Dynatronics	Pair Corr
0.4	SI	Shoulder Innovations	Pair Corr
0.34	49Z	Cellink AB	Pair Corr
0.53	FIE1	FIELMANN AG ON Earnings Call This Week	Pair Corr
0.48	ELAB	Elevai Labs Common	Pair Corr
0.31	VVOS	Vivos Therapeutics	Pair Corr
0.6	ESTA	Establishment Labs Earnings Call This Week	Pair Corr
0.55	MM3	Merit Medical Systems	Pair Corr
0.5	ENOV	Enovis Corp Earnings Call Today	Pair Corr
0.5	FEMY	Femasys	Pair Corr
0.4	EUDA	EUDA Health Holdings	Pair Corr
0.4	2DR	Inspire Medical Systems	Pair Corr

Related Correlations Analysis

	TELA	ICCM	MDAI	CTSO	BDMD	PETS	MDCX	KPTI	IPSC	SNTI
TELA		0.83	-0.05	0.38	0.32	-0.22	0.83	-0.53	-0.74	0.62	TELA
ICCM	0.83		0.09	0.58	0.3	-0.37	0.81	-0.53	-0.55	0.71	ICCM
MDAI	-0.05	0.09		0.03	-0.39	0.02	-0.11	-0.23	0.28	-0.04	MDAI
CTSO	0.38	0.58	0.03		0.34	-0.53	0.49	-0.36	-0.34	0.68	CTSO
BDMD	0.32	0.3	-0.39	0.34		-0.33	0.48	0.23	-0.38	0.4	BDMD
PETS	-0.22	-0.37	0.02	-0.53	-0.33		-0.63	0.42	0.54	-0.82	PETS
MDCX	0.83	0.81	-0.11	0.49	0.48	-0.63		-0.55	-0.85	0.85	MDCX
KPTI	-0.53	-0.53	-0.23	-0.36	0.23	0.42	-0.55		0.5	-0.62	KPTI
IPSC	-0.74	-0.55	0.28	-0.34	-0.38	0.54	-0.85	0.5		-0.73	IPSC
SNTI	0.62	0.71	-0.04	0.68	0.4	-0.82	0.85	-0.62	-0.73		SNTI
	TELA	ICCM	MDAI	CTSO	BDMD	PETS	MDCX	KPTI	IPSC	SNTI

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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

SNTI	+ 0.85	MDCX
ICCM	+ 0.83	TELA
MDCX	+ 0.83	TELA
MDCX	+ 0.81	ICCM
SNTI	+ 0.71	ICCM
SNTI	+ 0.68	CTSO

High negative correlations

IPSC	- 0.85	MDCX
SNTI	- 0.82	PETS
IPSC	- 0.74	TELA
SNTI	- 0.73	IPSC
MDCX	- 0.63	PETS
SNTI	- 0.62	KPTI

Risk-Adjusted Indicators

There is a big difference between Sensus Stock performing well and Sensus Healthcare 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 Sensus Healthcare'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
TELA	2.67	(0.36)	0.00	(0.65)	0.00	0.00	5.38	(5.61)	20.38
ICCM	2.37	(0.38)	0.00	(0.10)	0.00	0.00	4.35	(5.88)	14.72
MDAI	3.01	0.00	(0.01)	0.10	3.64	(3.16)	6.29	(6.87)	17.06
CTSO	3.52	0.15	0.04	0.21	3.90	(4.93)	7.94	(7.41)	29.40
BDMD	5.36	1.21	0.24	10.19	3.77	(8.53)	11.11	(8.00)	63.64
PETS	4.50	0.86	0.39	0.42	2.29	(8.18)	8.59	(4.17)	73.96
MDCX	3.85	(0.89)	0.00	(1.08)	0.00	0.00	7.27	(8.93)	21.20
KPTI	4.02	0.93	0.19	(7.91)	3.61	(4.65)	8.95	(5.76)	25.33
IPSC	6.49	2.50	0.38	3.06	4.76	(8.94)	14.71	(9.09)	59.27
SNTI	4.42	(0.93)	0.00	(0.30)	0.00	0.00	7.41	(7.83)	47.77

Sensus Healthcare Corporate Management

Nicolas Soro	Chief Officer	Profile
Emiliano Sosa	Chief Officer	Profile
Magdalena Martinez	Chief Officer	Profile
Benson Suen	VP Sales	Profile
Mark Nestor	Medical Board	Profile

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