Apyx Medical Correlations
| APYX Stock | USD 4.02 0.01 0.25% |
The correlation of Apyx Medical 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.
Apyx Medical Correlation With Market
Average diversification
The correlation between Apyx Medical and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Apyx Medical and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Apyx Stock
| 0.79 | 688656 | HOB Biotech Group | PairCorr |
| 0.8 | AHC | Austco Healthcare | PairCorr |
| 0.78 | RHT | Resonance Health | PairCorr |
| 0.65 | KMTS | Kestra Medical Techn | PairCorr |
| 0.74 | 002950 | Allmed Medical Products | PairCorr |
Moving against Apyx Stock
| 0.86 | XRAY | Dentsply Sirona | PairCorr |
| 0.8 | QIPT | Quipt Home Medical | PairCorr |
| 0.78 | AHG | Akso Health Group | PairCorr |
| 0.76 | OM | Outset Medical | PairCorr |
| 0.76 | 002901 | Double Medical Technology | PairCorr |
| 0.71 | WOK | WORK Medical Technology Trending | PairCorr |
| 0.63 | OTC | Ocumetics Technology Corp | PairCorr |
| 0.52 | VMD | Viemed Healthcare | PairCorr |
| 0.47 | 002382 | Blue Sail Medical | PairCorr |
| 0.35 | AVR | Anteris Technologies | PairCorr |
| 0.91 | ICCM | Icecure Medical | PairCorr |
| 0.78 | 688626 | Xiangyu Medical | PairCorr |
| 0.76 | 300633 | SonoScape Medical Corp | PairCorr |
| 0.75 | 600587 | Shinva Medical Instrument | PairCorr |
| 0.74 | MHC | MyHealthChecked Plc | PairCorr |
| 0.73 | IHC | Inspiration Healthcare | PairCorr |
| 0.63 | EMV | Emvision Medical Devices | PairCorr |
| 0.6 | 688151 | Hubei Huaqiang High | PairCorr |
| 0.51 | 688617 | APT Medical | PairCorr |
| 0.34 | 688613 | Allgens Medical Tech | PairCorr |
| 0.88 | CREO | Creo Medical Group | PairCorr |
| 0.88 | MBOT | Microbot Medical Buyout Trend | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 1.0 | 0.0 | OHTR | ||
| 0.0 | -0.46 | 0.63 | 0.0 | 0.44 | WH | ||
| 0.0 | -0.46 | -0.05 | 0.0 | -0.09 | HPQFF | ||
| 0.0 | 0.63 | -0.05 | 0.0 | 0.84 | INN | ||
| 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | CNDL | ||
| 0.0 | 0.44 | -0.09 | 0.84 | 0.0 | SHO | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Apyx Stock performing well and Apyx Medical 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 Apyx Medical'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OHTR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WH | 1.30 | (0.31) | 0.00 | (0.22) | 0.00 | 2.83 | 10.50 | |||
| HPQFF | 2.63 | 0.28 | 0.04 | 0.27 | 2.89 | 8.33 | 25.87 | |||
| INN | 1.50 | (0.04) | (0.02) | 0.02 | 1.57 | 3.84 | 9.29 | |||
| CNDL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SHO | 1.31 | 0.00 | (0.01) | 0.06 | 1.40 | 2.97 | 8.34 |
Apyx Medical Corporate Executives
Elected by the shareholders, the Apyx Medical's board of directors comprises two types of representatives: Apyx Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Apyx. The board's role is to monitor Apyx Medical's management team and ensure that shareholders' interests are well served. Apyx Medical's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Apyx Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.