Airsculpt Technologies Correlations

AIRS Stock

USD 5.35 0.14 2.55%

The current 90-days correlation between Airsculpt Technologies and InnovAge Holding Corp is 0.19 (i.e., Average diversification). The correlation of Airsculpt Technologies 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.

Airsculpt Technologies Correlation With Market

Very weak diversification

The correlation between Airsculpt Technologies and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Airsculpt Technologies and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Airsculpt Stock

0.82	LH	Laboratory	Pair Corr
0.82	MD	Mednax Inc	Pair Corr
0.61	DOCS	Doximity	Pair Corr
0.64	VEEV	Veeva Systems Class	Pair Corr
0.68	VREX	Varex Imaging Corp	Pair Corr
0.61	ELMD	Electromed	Pair Corr
0.73	ENOV	Enovis Corp	Pair Corr
0.66	XAIR	Beyond Air	Pair Corr

Moving against Airsculpt Stock

0.66	FIGS	Figs Inc	Pair Corr
0.62	ELAB	Elevai Labs, Common Buyout Trend	Pair Corr
0.54	EKSO	Ekso Bionics Holdings	Pair Corr
0.52	VERO	Venus Concept	Pair Corr
0.48	DRIO	DarioHealth Corp	Pair Corr
0.63	CNC	Centene Corp Sell-off Trend	Pair Corr
0.62	AGL	agilon health	Pair Corr
0.58	FORA	Forian Inc	Pair Corr
0.58	DHR	Danaher	Pair Corr
0.54	ALC	Alcon AG	Pair Corr
0.54	AMN	AMN Healthcare Services Sell-off Trend	Pair Corr
0.52	CYH	Community Health Systems	Pair Corr
0.5	AHG	Akso Health Group	Pair Corr
0.49	BDX	Becton Dickinson	Pair Corr
0.44	CCM	Concord Medical Services	Pair Corr

Related Correlations Analysis

	ACHC	PNTG	AIH	AMED	ENSG	UHS	ADUS	EHC	SGRY	SEM
ACHC		0.79	-0.12	0.67	0.38	0.85	0.68	-0.64	0.76	-0.54	ACHC
PNTG	0.79		-0.12	0.87	0.69	0.9	0.58	-0.34	0.9	-0.37	PNTG
AIH	-0.12	-0.12		-0.38	-0.38	-0.13	-0.31	0.26	-0.3	0.49	AIH
AMED	0.67	0.87	-0.38		0.66	0.83	0.58	-0.4	0.94	-0.49	AMED
ENSG	0.38	0.69	-0.38	0.66		0.56	0.22	0.03	0.64	-0.21	ENSG
UHS	0.85	0.9	-0.13	0.83	0.56		0.6	-0.41	0.89	-0.42	UHS
ADUS	0.68	0.58	-0.31	0.58	0.22	0.6		-0.6	0.68	-0.54	ADUS
EHC	-0.64	-0.34	0.26	-0.4	0.03	-0.41	-0.6		-0.44	0.79	EHC
SGRY	0.76	0.9	-0.3	0.94	0.64	0.89	0.68	-0.44		-0.53	SGRY
SEM	-0.54	-0.37	0.49	-0.49	-0.21	-0.42	-0.54	0.79	-0.53		SEM
	ACHC	PNTG	AIH	AMED	ENSG	UHS	ADUS	EHC	SGRY	SEM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

SGRY	+ 0.94	AMED
UHS	+ 0.9	PNTG
SGRY	+ 0.9	PNTG
SGRY	+ 0.89	UHS
AMED	+ 0.87	PNTG
UHS	+ 0.85	ACHC

High negative correlations

EHC	- 0.64	ACHC
EHC	- 0.6	ADUS
SEM	- 0.54	ADUS
SEM	- 0.54	ACHC
SEM	- 0.53	SGRY
SEM	- 0.49	AMED

Risk-Adjusted Indicators

There is a big difference between Airsculpt Stock performing well and Airsculpt Technologies 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 Airsculpt Technologies' 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
ACHC	2.14	(1.02)	0.00	(1.52)	0.00	0.00	3.85	(5.78)	21.88
PNTG	1.96	(0.40)	0.00	(0.32)	0.00	0.00	3.81	(3.74)	11.60
AIH	16.55	2.60	0.11	(0.95)	18.11	(22.04)	56.25	(37.88)	125.38
AMED	0.59	(0.22)	0.00	(0.83)	0.00	0.00	0.82	(1.78)	7.27
ENSG	1.01	(0.18)	0.00	0.68	0.00	0.00	2.32	(2.11)	10.08
UHS	1.39	(0.42)	0.00	(0.74)	0.00	0.00	2.45	(4.06)	14.88
ADUS	1.33	(0.03)	0.00	(0.02)	0.00	0.00	2.88	(2.69)	8.16
EHC	0.91	0.03	0.02	0.07	1.04	(1.02)	1.74	(1.86)	10.30
SGRY	2.39	(0.66)	0.00	(0.45)	0.00	0.00	4.21	(5.47)	17.97
SEM	1.73	(0.01)	0.00	0.02	1.97	(1.94)	3.02	(3.08)	16.75

Airsculpt Technologies Corporate Management

Dennis Dean	Chief Officer	Profile
Stephanie Greene	Chief Officer	Profile
Philip Bodie	Chief Officer	Profile
Liraz Isaac	Head People	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

2024 Macroaxis LLC