Stratasys Correlations

SSYS Stock

USD 10.24 0.06 0.59%

The current 90-days correlation between Stratasys and 3D Systems is 0.35 (i.e., Weak diversification). The correlation of Stratasys 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.

Stratasys Correlation With Market

Modest diversification

The correlation between Stratasys 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 Stratasys and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Stratasys Stock

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

For more information on how to buy Stratasys Stock please use our How to Invest in Stratasys guide.

Moving against Stratasys Stock

0.42	NEMTF	Nemetschek SE	Pair Corr
0.41	MUFG	Mitsubishi UFJ Financial	Pair Corr

Related Correlations Analysis

	NNDM	DDD	PRLB	VIVS	MTLS
NNDM		-0.36	-0.61	-0.24	0.8	NNDM
DDD	-0.36		0.77	0.52	-0.38	DDD
PRLB	-0.61	0.77		0.4	-0.72	PRLB
VIVS	-0.24	0.52	0.4		-0.24	VIVS
MTLS	0.8	-0.38	-0.72	-0.24		MTLS
	NNDM	DDD	PRLB	VIVS	MTLS

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

MTLS	+ 0.8	NNDM
PRLB	+ 0.77	DDD
VIVS	+ 0.52	DDD
VIVS	+ 0.4	PRLB

High negative correlations

MTLS	- 0.72	PRLB
PRLB	- 0.61	NNDM
MTLS	- 0.38	DDD
DDD	- 0.36	NNDM
MTLS	- 0.24	VIVS
VIVS	- 0.24	NNDM

Risk-Adjusted Indicators

There is a big difference between Stratasys Stock performing well and Stratasys 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 Stratasys' 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
NNDM	1.71	(0.38)	0.00	(0.09)	0.00	0.00	3.76	(3.57)	12.24
DDD	4.41	0.16	0.07	0.13	5.20	(5.53)	7.93	(6.04)	39.85
PRLB	1.44	0.32	0.22	0.33	1.16	(1.59)	3.05	(2.60)	12.66
VIVS	4.49	0.57	0.12	0.44	4.61	(5.49)	12.74	(7.79)	40.80
MTLS	1.77	(0.28)	0.00	(0.05)	0.00	0.00	3.63	(3.48)	17.45

Stratasys Corporate Management

Yonah Lloyd	CCO Relations	Profile
Omer Krieger	Exec Devel	Profile
Yossi Azarzar	Chief Officer	Profile
Yonah JD	CCO Relations	Profile
Nava Kazaz	Chief Officer	Profile
Vered Jacob	Chief Officer	Profile

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