Correlation Between Vivos Therapeutics and Axogen
Can any of the company-specific risk be diversified away by investing in both Vivos Therapeutics and Axogen at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Vivos Therapeutics and Axogen into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Vivos Therapeutics and Axogen Inc, you can compare the effects of market volatilities on Vivos Therapeutics and Axogen and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Vivos Therapeutics with a short position of Axogen. Check out your portfolio center. Please also check ongoing floating volatility patterns of Vivos Therapeutics and Axogen.
Diversification Opportunities for Vivos Therapeutics and Axogen
-0.85 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Vivos and Axogen is -0.85. Overlapping area represents the amount of risk that can be diversified away by holding Vivos Therapeutics and Axogen Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Axogen Inc and Vivos Therapeutics is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Vivos Therapeutics are associated (or correlated) with Axogen. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Axogen Inc has no effect on the direction of Vivos Therapeutics i.e., Vivos Therapeutics and Axogen go up and down completely randomly.
Pair Corralation between Vivos Therapeutics and Axogen
Given the investment horizon of 90 days Vivos Therapeutics is expected to under-perform the Axogen. In addition to that, Vivos Therapeutics is 1.8 times more volatile than Axogen Inc. It trades about -0.18 of its total potential returns per unit of risk. Axogen Inc is currently generating about 0.14 per unit of volatility. If you would invest 1,346 in Axogen Inc on July 23, 2025 and sell it today you would earn a total of 351.00 from holding Axogen Inc or generate 26.08% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Vivos Therapeutics vs. Axogen Inc
Performance |
| Timeline |
| Vivos Therapeutics |
| Axogen Inc |
Vivos Therapeutics and Axogen Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Vivos Therapeutics and Axogen
The main advantage of trading using opposite Vivos Therapeutics and Axogen positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Vivos Therapeutics position performs unexpectedly, Axogen can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Axogen will offset losses from the drop in Axogen's long position.| Vivos Therapeutics vs. IRIDEX | Vivos Therapeutics vs. Envoy Medical | Vivos Therapeutics vs. Adagio Medical Holdings, | Vivos Therapeutics vs. Lixte Biotechnology Holdings |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.
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