Artivion Correlations

AORT Stock

USD 24.42 0.26 1.08%

The current 90-days correlation between Artivion and Orthofix Medical is 0.49 (i.e., Very weak diversification). The correlation of Artivion 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.

Artivion Correlation With Market

Modest diversification

The correlation between Artivion and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artivion 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 Artivion. 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 Artivion Stock please use our How to Invest in Artivion guide.

Moving together with Artivion Stock

0.76	DH	Definitive Healthcare Buyout Trend	Pair Corr
0.65	EKSO	Ekso Bionics Holdings	Pair Corr
0.71	ELAB	Elevai Labs, Common Upward Rally	Pair Corr
0.89	ELMD	Electromed Potential Growth	Pair Corr
0.67	EMBC	Embecta Corp	Pair Corr
0.93	ENOV	Enovis Corp	Pair Corr
0.75	WORX	Scworx Corp	Pair Corr
0.68	FIGS	Figs Inc	Pair Corr
0.64	AMS	American Shared Hospital Earnings Call This Week	Pair Corr
0.76	XAIR	Beyond Air	Pair Corr

Moving against Artivion Stock

0.6	CI	Cigna Corp	Pair Corr
0.6	FEMY	Femasys	Pair Corr
0.32	ESTA	Establishment Labs	Pair Corr
0.82	BKD	Brookdale Senior Living	Pair Corr
0.65	BAX	Baxter International	Pair Corr
0.57	CHE	Chemed Corp	Pair Corr
0.55	DGX	Quest Diagnostics	Pair Corr
0.46	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.4	ABT	Abbott Laboratories	Pair Corr
0.31	COR	Cencora	Pair Corr

Related Correlations Analysis

	ANIK	SGHT	OFIX	AVNS	AXGN	LUNG	ELMD	SRDX	NUVA	CNMD
ANIK		-0.26	0.56	0.43	0.25	0.24	0.09	-0.18	0.0	-0.09	ANIK
SGHT	-0.26		0.11	0.53	-0.75	-0.52	0.12	0.83	0.0	0.74	SGHT
OFIX	0.56	0.11		0.72	0.1	-0.42	0.75	0.34	0.0	0.55	OFIX
AVNS	0.43	0.53	0.72		-0.41	-0.56	0.48	0.54	0.0	0.76	AVNS
AXGN	0.25	-0.75	0.1	-0.41		0.44	0.18	-0.55	0.0	-0.47	AXGN
LUNG	0.24	-0.52	-0.42	-0.56	0.44		-0.6	-0.48	0.0	-0.81	LUNG
ELMD	0.09	0.12	0.75	0.48	0.18	-0.6		0.38	0.0	0.61	ELMD
SRDX	-0.18	0.83	0.34	0.54	-0.55	-0.48	0.38		0.0	0.75	SRDX
NUVA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NUVA
CNMD	-0.09	0.74	0.55	0.76	-0.47	-0.81	0.61	0.75	0.0		CNMD
	ANIK	SGHT	OFIX	AVNS	AXGN	LUNG	ELMD	SRDX	NUVA	CNMD

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

SRDX	+ 0.83	SGHT
CNMD	+ 0.76	AVNS
ELMD	+ 0.75	OFIX
CNMD	+ 0.75	SRDX
CNMD	+ 0.74	SGHT
AVNS	+ 0.72	OFIX

High negative correlations

CNMD	- 0.81	LUNG
AXGN	- 0.75	SGHT
ELMD	- 0.6	LUNG
LUNG	- 0.56	AVNS
SRDX	- 0.55	AXGN
LUNG	- 0.52	SGHT

Risk-Adjusted Indicators

There is a big difference between Artivion Stock performing well and Artivion 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 Artivion'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
ANIK	1.48	0.02	0.00	(0.08)	0.00	0.00	2.82	(2.46)	14.59
SGHT	3.26	(0.36)	0.00	(0.44)	0.00	0.00	7.19	(6.05)	24.66
OFIX	1.23	(0.05)	0.00	(0.16)	0.00	0.00	2.18	(2.74)	6.60
AVNS	1.40	(0.27)	0.00	(0.41)	0.00	0.00	2.61	(2.83)	13.49
AXGN	2.64	0.47	0.19	0.51	2.38	(3.60)	5.97	(3.47)	21.80
LUNG	3.37	0.42	0.14	(3.45)	3.34	(3.78)	6.59	(5.54)	41.39
ELMD	2.33	(0.14)	0.00	(0.22)	0.00	0.00	3.90	(4.34)	21.31
SRDX	1.45	(0.42)	0.00	(0.84)	0.00	0.00	1.74	(5.79)	10.84
NUVA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CNMD	1.64	(0.20)	0.00	(0.33)	0.00	0.00	3.52	(3.53)	13.79

Artivion Corporate Management

Daniel Bevevino	Independent Director	Profile
Jean Holloway	Senior Vice President Chief Compliance Officer, General Counsel, Secretary	Profile
Jon Salveson	Independent Director	Profile
Andrew Green	Vice President - Regulatory Affairs	Profile
Thomas Ackerman	Independent Director	Profile
Rochelle Maney	Vice President - Global Quality Assurance	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