SS Innovations Correlations

SSII Stock

4.76 0.01 0.21%

The current 90-days correlation between SS Innovations Inter and UFP Technologies is 0.04 (i.e., Significant diversification). The correlation of SS Innovations 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.

SS Innovations Correlation With Market

Excellent diversification

The correlation between SS Innovations International and DJI is -0.68 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SS Innovations International and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SSII Stock

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

Moving together with SSII Stock

0.82	IL3	Integra LifeSciences	Pair Corr
0.78	EW	Edwards Lifesciences Corp	Pair Corr
0.77	SI	Shoulder Innovations	Pair Corr
0.76	56S1	Sartorius Stedim Biotech	Pair Corr
0.73	56S0	RENAUUNSPARD 15 EO	Pair Corr
0.87	IPD	Impedimed	Pair Corr
0.8	VVOS	Vivos Therapeutics	Pair Corr
0.62	OTC	Ocumetics Technology Corp	Pair Corr
0.71	ELAB	Elevai Labs Common	Pair Corr
0.7	EMBC	Embecta Corp	Pair Corr
0.78	XEJ	Accuray Incorporated	Pair Corr
0.81	ENOV	Enovis Corp	Pair Corr

Moving against SSII Stock

0.77	HYB	HOYA	Pair Corr
0.58	DXCM	DexCom Inc	Pair Corr
0.81	EDAP	EDAP TMS SA	Pair Corr
0.72	VREX	Varex Imaging Corp	Pair Corr
0.72	EKSO	Ekso Bionics Holdings	Pair Corr
0.64	61R	GROUPE EUROMEDIS	Pair Corr
0.42	SKAN	SKAN Group AG	Pair Corr
0.38	ECOR	Electrocore LLC	Pair Corr
0.69	DRW8	Drgerwerk AG	Pair Corr
0.31	BB1	Blinklab	Pair Corr

Related Correlations Analysis

	UFPT	CNMD	ESTA	PRCT	SDGR	OMCL	OMDA	AHCO	TDOC	PGNY
UFPT		-0.06	-0.36	-0.31	-0.27	0.38	-0.29	0.62	-0.48	-0.14	UFPT
CNMD	-0.06		0.24	-0.41	-0.29	-0.43	-0.13	-0.27	-0.18	-0.32	CNMD
ESTA	-0.36	0.24		-0.17	-0.35	-0.34	-0.52	-0.22	-0.27	-0.43	ESTA
PRCT	-0.31	-0.41	-0.17		0.82	0.25	0.54	0.15	0.82	0.75	PRCT
SDGR	-0.27	-0.29	-0.35	0.82		0.43	0.79	0.1	0.95	0.91	SDGR
OMCL	0.38	-0.43	-0.34	0.25	0.43		0.25	0.34	0.25	0.47	OMCL
OMDA	-0.29	-0.13	-0.52	0.54	0.79	0.25		-0.19	0.82	0.78	OMDA
AHCO	0.62	-0.27	-0.22	0.15	0.1	0.34	-0.19		-0.08	0.16	AHCO
TDOC	-0.48	-0.18	-0.27	0.82	0.95	0.25	0.82	-0.08		0.86	TDOC
PGNY	-0.14	-0.32	-0.43	0.75	0.91	0.47	0.78	0.16	0.86		PGNY
	UFPT	CNMD	ESTA	PRCT	SDGR	OMCL	OMDA	AHCO	TDOC	PGNY

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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

TDOC	+ 0.95	SDGR
PGNY	+ 0.91	SDGR
PGNY	+ 0.86	TDOC
SDGR	+ 0.82	PRCT
TDOC	+ 0.82	PRCT
TDOC	+ 0.82	OMDA

High negative correlations

OMDA	- 0.52	ESTA
TDOC	- 0.48	UFPT
PGNY	- 0.43	ESTA
OMCL	- 0.43	CNMD
PRCT	- 0.41	CNMD
ESTA	- 0.36	UFPT

Risk-Adjusted Indicators

There is a big difference between SSII Stock performing well and SS Innovations 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 SS Innovations' 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
UFPT	1.90	(0.15)	0.00	(0.03)	0.00	0.00	3.61	(5.58)	16.42
CNMD	1.75	0.07	0.02	0.17	2.77	(1.70)	3.36	(3.57)	11.91
ESTA	2.20	0.18	0.06	0.28	2.64	(2.45)	4.55	(5.54)	13.22
PRCT	2.78	(0.51)	0.00	(0.17)	0.00	0.00	6.86	(5.21)	27.48
SDGR	2.51	(0.58)	0.00	(0.21)	0.00	0.00	4.42	(5.42)	21.90
OMCL	2.17	0.14	0.04	0.19	3.55	(2.17)	6.48	(4.34)	23.86
OMDA	2.98	(0.61)	0.00	(0.79)	0.00	0.00	6.83	(10.52)	19.12
AHCO	1.87	(0.07)	0.00	(0.11)	0.00	0.00	4.17	(3.90)	22.33
TDOC	2.51	(0.54)	0.00	(0.18)	0.00	0.00	4.72	(4.84)	15.93
PGNY	2.23	(0.61)	0.00	(0.44)	0.00	0.00	3.51	(5.16)	16.49

SS Innovations Corporate Management

Sonia Shokeen	Head Affairs	Profile
Naveen Amar	Chief Officer	Profile
Avinash Kumar	Chief India	Profile
Srinivasa Reddy	Regulatory Operations	Profile
Karan Gauri	Vice Marketing	Profile

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