InfuSystems Holdings Correlations

INFU Stock

USD 6.02 0.19 3.26%

The current 90-days correlation between InfuSystems Holdings and Electromed is 0.06 (i.e., Significant diversification). The correlation of InfuSystems Holdings 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.

InfuSystems Holdings Correlation With Market

Very weak diversification

The correlation between InfuSystems Holdings and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding InfuSystems Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InfuSystems Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

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

Moving together with InfuSystems Stock

0.68	ELMD	Electromed	Pair Corr
0.83	XAIR	Beyond Air	Pair Corr
0.71	HOLX	Hologic	Pair Corr
0.78	ICUI	ICU Medical	Pair Corr
0.67	INSP	Inspire Medical Systems	Pair Corr
0.87	LIVN	LivaNova PLC	Pair Corr
0.75	NVST	Envista Holdings Corp	Pair Corr
0.72	OFIX	Orthofix Medical	Pair Corr
0.77	TELA	Tela Bio	Pair Corr
0.74	CLPT	Clearpoint Neuro	Pair Corr
0.8	CDIOW	Cardio Diagnostics	Pair Corr
0.66	VRDN	Viridian Therapeutics	Pair Corr
0.7	ELEV	Elevation Oncology	Pair Corr
0.68	WINT	Windtree Therapeutics	Pair Corr

Moving against InfuSystems Stock

0.54	LUCD	Lucid Diagnostics	Pair Corr
0.47	LUNG	Pulmonx Corp	Pair Corr
0.43	ACONW	Aclarion	Pair Corr
0.41	INMD	InMode	Pair Corr
0.32	PEN	Penumbra	Pair Corr
0.32	KIDS	Orthopediatrics Corp	Pair Corr
0.85	MNDR	Mobile health Network	Pair Corr
0.55	NURO	NeuroMetrix	Pair Corr
0.9	OCX	OncoCyte Corp	Pair Corr
0.81	GSK	GlaxoSmithKline PLC ADR	Pair Corr
0.78	NVS	Novartis AG ADR	Pair Corr
0.78	SNY	Sanofi ADR	Pair Corr
0.71	GILD	Gilead Sciences	Pair Corr
0.7	AZN	AstraZeneca PLC ADR	Pair Corr

Related Correlations Analysis

	ELMD	ISDR	IRIX	MLSS	JYNT
ELMD		0.49	0.71	0.74	-0.02	ELMD
ISDR	0.49		0.66	0.03	-0.27	ISDR
IRIX	0.71	0.66		0.25	-0.48	IRIX
MLSS	0.74	0.03	0.25		0.31	MLSS
JYNT	-0.02	-0.27	-0.48	0.31		JYNT
	ELMD	ISDR	IRIX	MLSS	JYNT

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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

MLSS	+ 0.74	ELMD
IRIX	+ 0.71	ELMD
IRIX	+ 0.66	ISDR
ISDR	+ 0.49	ELMD
JYNT	+ 0.31	MLSS
MLSS	+ 0.25	IRIX

High negative correlations

JYNT	- 0.48	IRIX
JYNT	- 0.27	ISDR
JYNT	- 0.02	ELMD

Risk-Adjusted Indicators

There is a big difference between InfuSystems Stock performing well and InfuSystems Holdings 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 InfuSystems Holdings' 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
ELMD	2.32	(0.08)	0.00	(0.14)	0.00	0.00	3.90	(4.34)	21.31
ISDR	1.73	(0.13)	0.00	(3.84)	0.00	0.00	2.88	(3.61)	9.01
IRIX	3.75	(0.56)	0.00	(0.49)	0.00	0.00	8.93	(7.30)	37.29
MLSS	4.01	0.53	0.10	0.57	4.79	(4.50)	7.63	(8.11)	37.01
JYNT	1.64	0.29	0.18	0.27	1.41	(2.03)	4.55	(2.75)	9.99

InfuSystems Holdings Corporate Management

Thomas Ruiz	Ex Officer	Profile
BSN MBA	COO Pres	Profile
Jeanie Latz	Corporate Secretary	Profile
Jeannine Sheehan	Exec Officer	Profile
Jerod Funke	Executive Officer	Profile

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