SS Innovations Correlations

SSII Stock

3.79 0.39 11.47%

The current 90-days correlation between SS Innovations Inter and UFP Technologies is 0.01 (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 -0.64 (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

0.75	OTC	Ocumetics Technology Corp	Pair Corr
0.76	AHC	Austco Healthcare	Pair Corr
0.64	IVF	INVO Fertility Symbol Change	Pair Corr
0.71	MLSS	Milestone Scientific	Pair Corr
0.71	NVNO	enVVeno Medical Corp	Pair Corr

Moving against SSII Stock

0.86	VMD	Viemed Healthcare	Pair Corr
0.68	QIPT	Quipt Home Medical Earnings Call This Week	Pair Corr
0.53	4DX	4DMEDICAL	Pair Corr
0.34	TRLS	Trellus Health plc	Pair Corr
0.71	CREO	Creo Medical Group	Pair Corr
0.69	IMR	Imricor Medical Systems	Pair Corr
0.68	EYE	Nova EYE Medical	Pair Corr
0.64	AFME	Affluent Medical SAS	Pair Corr
0.62	POCI	Precision Optics Earnings Call This Week	Pair Corr
0.6	AFW	Align Technology	Pair Corr
0.56	TLT	Theralase Technologies	Pair Corr
0.52	FPH	Fisher Paykel Healthcare Earnings Call This Week	Pair Corr
0.39	PRN	Profound Medical Corp	Pair Corr
0.36	5EZ	SHIP HEALTHCARE HLDGINC	Pair Corr

Related Correlations Analysis

	UFPT	CNMD	ESTA	PRCT	SDGR	OMCL	OMDA	AHCO	TDOC	PGNY
UFPT		-0.09	0.02	-0.42	-0.43	0.64	-0.39	0.6	-0.63	0.07	UFPT
CNMD	-0.09		-0.51	0.08	0.5	-0.48	0.69	-0.17	0.5	-0.24	CNMD
ESTA	0.02	-0.51		0.21	-0.13	0.38	-0.7	0.21	-0.15	0.62	ESTA
PRCT	-0.42	0.08	0.21		0.65	0.09	0.03	0.18	0.66	0.12	PRCT
SDGR	-0.43	0.5	-0.13	0.65		-0.17	0.52	-0.03	0.91	0.06	SDGR
OMCL	0.64	-0.48	0.38	0.09	-0.17		-0.67	0.67	-0.34	0.4	OMCL
OMDA	-0.39	0.69	-0.7	0.03	0.52	-0.67		-0.48	0.6	-0.5	OMDA
AHCO	0.6	-0.17	0.21	0.18	-0.03	0.67	-0.48		-0.23	0.14	AHCO
TDOC	-0.63	0.5	-0.15	0.66	0.91	-0.34	0.6	-0.23		0.01	TDOC
PGNY	0.07	-0.24	0.62	0.12	0.06	0.4	-0.5	0.14	0.01		PGNY
	UFPT	CNMD	ESTA	PRCT	SDGR	OMCL	OMDA	AHCO	TDOC	PGNY

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

TDOC	+ 0.91	SDGR
OMDA	+ 0.69	CNMD
AHCO	+ 0.67	OMCL
TDOC	+ 0.66	PRCT
SDGR	+ 0.65	PRCT
OMCL	+ 0.64	UFPT

High negative correlations

OMDA	- 0.7	ESTA
OMDA	- 0.67	OMCL
TDOC	- 0.63	UFPT
ESTA	- 0.51	CNMD
PGNY	- 0.5	OMDA
AHCO	- 0.48	OMDA

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	2.01	0.36	0.15	0.32	2.19	(2.12)	4.83	(3.78)	17.63
CNMD	1.88	(0.16)	0.00	(0.12)	0.00	0.00	3.36	(3.57)	14.72
ESTA	2.79	0.57	0.17	0.85	2.88	(3.30)	4.75	(5.74)	30.17
PRCT	2.71	(0.37)	0.00	(0.12)	0.00	0.00	7.06	(5.21)	17.65
SDGR	2.24	(0.75)	0.00	(0.34)	0.00	0.00	3.89	(5.04)	15.22
OMCL	2.02	0.11	0.03	0.17	3.43	(2.05)	5.25	(3.53)	23.86
OMDA	3.09	(1.19)	0.00	(1.10)	0.00	0.00	4.61	(10.52)	19.12
AHCO	1.98	0.26	0.08	1.03	2.10	(2.19)	4.59	(3.28)	24.44
TDOC	2.21	(0.89)	0.00	(6.44)	0.00	0.00	3.32	(5.44)	15.93
PGNY	2.47	0.28	0.08	0.50	3.03	(2.59)	5.30	(4.61)	35.40

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

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