SS Innovations Correlations

SSII Stock

5.74 0.27 4.49%

The current 90-days correlation between SS Innovations Inter and UFP Technologies is 0.08 (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

Modest diversification

The correlation between SS Innovations International and DJI is 0.2 (i.e., Modest 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

0.63	OM	Outset Medical	Pair Corr
0.74	688677	Qingdao NovelBeam	Pair Corr
0.73	688289	Sansure Biotech	Pair Corr
0.71	ELAB	Elevai Labs, Common	Pair Corr
0.72	ENOV	Enovis Corp	Pair Corr

Moving against SSII Stock

0.52	688656	HOB Biotech Group	Pair Corr
0.49	EW	Edwards Lifesciences Corp	Pair Corr
0.47	SPEC	Inspecs Group plc	Pair Corr
0.54	ELMD	Electromed	Pair Corr
0.39	EDAP	EDAP TMS SA Upward Rally	Pair Corr
0.5	601089	Beijing Winsunny Pha	Pair Corr
0.48	ESTA	Establishment Labs	Pair Corr
0.48	FIGS	Figs Inc	Pair Corr
0.45	ALC	Alcon AG	Pair Corr
0.35	BB1	Blinklab	Pair Corr
0.33	688198	Beijing Balance Medical	Pair Corr

Related Correlations Analysis

	UFPT	CNMD	ESTA	PRCT	SDGR	OMCL	OMDA	AHCO	TDOC	PGNY
UFPT		-0.57	0.83	-0.58	-0.68	0.69	-0.65	0.63	-0.76	0.69	UFPT
CNMD	-0.57		-0.79	0.38	0.72	-0.83	0.83	-0.52	0.72	-0.75	CNMD
ESTA	0.83	-0.79		-0.46	-0.74	0.88	-0.85	0.71	-0.77	0.81	ESTA
PRCT	-0.58	0.38	-0.46		0.6	-0.16	0.26	-0.06	0.59	-0.42	PRCT
SDGR	-0.68	0.72	-0.74	0.6		-0.62	0.77	-0.32	0.86	-0.82	SDGR
OMCL	0.69	-0.83	0.88	-0.16	-0.62		-0.91	0.76	-0.65	0.75	OMCL
OMDA	-0.65	0.83	-0.85	0.26	0.77	-0.91		-0.6	0.77	-0.9	OMDA
AHCO	0.63	-0.52	0.71	-0.06	-0.32	0.76	-0.6		-0.42	0.48	AHCO
TDOC	-0.76	0.72	-0.77	0.59	0.86	-0.65	0.77	-0.42		-0.8	TDOC
PGNY	0.69	-0.75	0.81	-0.42	-0.82	0.75	-0.9	0.48	-0.8		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

OMCL	+ 0.88	ESTA
TDOC	+ 0.86	SDGR
ESTA	+ 0.83	UFPT
OMDA	+ 0.83	CNMD
PGNY	+ 0.81	ESTA
OMDA	+ 0.77	SDGR

High negative correlations

OMDA	- 0.91	OMCL
PGNY	- 0.9	OMDA
OMDA	- 0.85	ESTA
OMCL	- 0.83	CNMD
PGNY	- 0.82	SDGR
PGNY	- 0.8	TDOC

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	2.07	0.19	0.09	0.21	2.13	(2.29)	4.72	(3.78)	17.05
CNMD	1.76	(0.34)	0.00	(0.25)	0.00	0.00	2.98	(4.75)	15.16
ESTA	2.74	0.88	0.29	1.10	2.38	(3.41)	6.94	(5.80)	30.17
PRCT	2.50	(0.36)	0.00	(0.11)	0.00	0.00	6.86	(5.10)	17.63
SDGR	2.71	(0.16)	(0.02)	0.00	3.12	(2.99)	5.73	(5.05)	19.49
OMCL	1.91	0.56	0.33	0.74	1.29	(2.43)	5.25	(2.43)	17.09
OMDA	2.57	(0.60)	0.00	(0.52)	0.00	0.00	4.19	(7.13)	18.33
AHCO	2.03	0.20	0.07	0.38	2.14	(2.26)	3.91	(3.17)	24.44
TDOC	2.94	(0.32)	0.00	(0.06)	0.00	0.00	8.24	(5.68)	18.32
PGNY	2.22	0.28	0.10	0.52	2.39	(2.60)	4.97	(4.17)	29.36

SS Innovations Corporate Management

Sonia Shokeen	Head Affairs	Profile
Naveen Amar	Chief Officer	Profile
Srinivasa Reddy	Regulatory Operations	Profile
Karan Gauri	Vice Marketing	Profile
Anup Sethi	Group Officer	Profile

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