Axogen Correlations

AXGN Stock

USD 31.39 2.04 6.95%

The current 90-days correlation between Axogen Inc and Iradimed Co is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Axogen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axogen Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Axogen Correlation With Market

Average diversification

The correlation between Axogen Inc and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Axogen Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Axogen Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axogen Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Axogen Stock

0.79	ALGN	Align Technology	Pair Corr
0.67	SNDA	Sonida Senior Living	Pair Corr
0.72	CBLL	CeriBell,	Pair Corr
0.64	CUB	Lionheart Holdings	Pair Corr
0.88	CTSH	Cognizant Technology	Pair Corr
0.67	MKSI	MKS Instruments	Pair Corr
0.75	LION	Lionsgate Studios Holding	Pair Corr
0.65	KODK	Eastman Kodak	Pair Corr
0.84	COPL	Copley Acquisition Corp	Pair Corr
0.67	AAPL	Apple Inc	Pair Corr
0.72	LFST	Lifestance Health	Pair Corr
0.61	DNUT	Krispy Kreme	Pair Corr
0.87	DRXGF	Drax Group plc	Pair Corr
0.76	MTC	MMTEC Inc Tech Boost	Pair Corr

Moving against Axogen Stock

0.87	OTC	Ocumetics Technology Corp	Pair Corr
0.76	NGMD	NuGen Medical Devices	Pair Corr
0.76	TMCI	Treace Medical Concepts	Pair Corr
0.74	EYE	Nova EYE Medical	Pair Corr
0.73	MDX	MedX Health Corp	Pair Corr
0.73	SMLR	Semler Scientific	Pair Corr
0.7	TLT	Theralase Technologies	Pair Corr
0.59	ABT	Abbott Laboratories Sell-off Trend	Pair Corr
0.53	CSX	Cleanspace Holdings	Pair Corr
0.46	TOI	Oncology Institute	Pair Corr
0.45	IMR	Imricor Medical Systems	Pair Corr
0.43	PINK	Perimeter Medical Imaging	Pair Corr
0.89	KG	Kestrel Group, Symbol Change	Pair Corr

Related Correlations Analysis

	IRMD	INMD	IART	TNDM	AHCO	CTEV	OPK	LFMD	SANA	TSHA
IRMD		-0.7	-0.42	0.86	0.61	-0.54	-0.75	-0.89	0.12	0.43	IRMD
INMD	-0.7		0.7	-0.67	-0.34	0.57	0.87	0.79	0.46	0.09	INMD
IART	-0.42	0.7		-0.28	-0.15	0.27	0.7	0.43	0.42	0.18	IART
TNDM	0.86	-0.67	-0.28		0.64	-0.61	-0.71	-0.94	0.12	0.52	TNDM
AHCO	0.61	-0.34	-0.15	0.64		-0.2	-0.46	-0.61	0.28	0.47	AHCO
CTEV	-0.54	0.57	0.27	-0.61	-0.2		0.47	0.65	0.27	-0.1	CTEV
OPK	-0.75	0.87	0.7	-0.71	-0.46	0.47		0.83	0.24	-0.01	OPK
LFMD	-0.89	0.79	0.43	-0.94	-0.61	0.65	0.83		0.02	-0.35	LFMD
SANA	0.12	0.46	0.42	0.12	0.28	0.27	0.24	0.02		0.76	SANA
TSHA	0.43	0.09	0.18	0.52	0.47	-0.1	-0.01	-0.35	0.76		TSHA
	IRMD	INMD	IART	TNDM	AHCO	CTEV	OPK	LFMD	SANA	TSHA

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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

OPK	+ 0.87	INMD
TNDM	+ 0.86	IRMD
LFMD	+ 0.83	OPK
LFMD	+ 0.79	INMD
TSHA	+ 0.76	SANA
IART	+ 0.7	INMD

High negative correlations

LFMD	- 0.94	TNDM
LFMD	- 0.89	IRMD
OPK	- 0.75	IRMD
OPK	- 0.71	TNDM
INMD	- 0.7	IRMD
TNDM	- 0.67	INMD

Risk-Adjusted Indicators

There is a big difference between Axogen Stock performing well and Axogen 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 Axogen'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
IRMD	1.42	0.48	0.21	3.38	1.52	(1.55)	3.36	(2.42)	11.95
INMD	1.20	(0.09)	0.00	(0.05)	0.00	0.00	2.33	(2.29)	9.48
IART	2.82	(0.01)	(0.01)	(0.04)	5.00	(2.83)	5.94	(5.16)	29.40
TNDM	3.33	0.92	0.27	0.65	2.95	(3.86)	7.03	(5.08)	27.06
AHCO	1.98	0.26	0.10	0.49	2.09	(2.24)	3.91	(3.17)	24.44
CTEV	4.83	(0.18)	0.00	0.83	0.00	0.00	10.91	(11.86)	37.38
OPK	1.65	(0.18)	0.00	(0.25)	0.00	0.00	3.01	(3.33)	12.29
LFMD	2.79	(1.13)	0.00	(0.49)	0.00	0.00	4.00	(6.79)	18.97
SANA	5.25	0.71	0.16	0.26	4.86	(6.40)	13.56	(9.19)	43.34
TSHA	4.82	1.16	0.27	0.51	4.00	(5.98)	10.03	(7.14)	63.54

Axogen Corporate Management

Gregory Davault	VP Marketing	Profile
Maria Martinez	Chief Human Resource Officer	Profile
Lindsey CPA	Chief Officer	Profile
CFA CPA	Chief Officer	Profile

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