Integer Holdings Correlations

ITGR Stock

USD 117.18 2.02 1.75%

The current 90-days correlation between Integer Holdings Corp and CONMED is 0.28 (i.e., Modest diversification). The correlation of Integer 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.

Integer Holdings Correlation With Market

Very weak diversification

The correlation between Integer Holdings Corp and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Integer Holdings Corp 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 Integer Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Integer Stock

0.66	HOLX	Hologic	Pair Corr
0.85	INFU	InfuSystems Holdings	Pair Corr
0.61	MLSS	Milestone Scientific Earnings Call This Week	Pair Corr
0.62	CDIOW	Cardio Diagnostics	Pair Corr
0.77	ELEV	Elevation Oncology	Pair Corr
0.76	GPCR	Structure Therapeutics	Pair Corr
0.86	ZVSA	ZyVersa Therapeutics	Pair Corr
0.61	IMRX	Immuneering Corp	Pair Corr
0.76	KRON	Kronos Bio	Pair Corr
0.74	PYXS	Pyxis Oncology	Pair Corr
0.69	SCLX	Scilex Holding	Pair Corr
0.62	ASMB	Assembly Biosciences Earnings Call Tomorrow	Pair Corr

Moving against Integer Stock

0.85	OCX	OncoCyte Corp	Pair Corr
0.74	MNDR	Mobile health Network	Pair Corr
0.57	LUCD	Lucid Diagnostics	Pair Corr
0.54	GOSS	Gossamer Bio	Pair Corr
0.31	PAVM	PAVmed Inc	Pair Corr
0.51	NVCT	Nuvectis Pharma	Pair Corr

Related Correlations Analysis

	CNMD	LIVN	IRTC	HSKA	LUNG	IRMD	OFIX	NPCE	NUVA	GKOS
CNMD		0.8	-0.3	0.0	-0.83	0.58	0.58	0.23	0.0	0.82	CNMD
LIVN	0.8		0.05	0.0	-0.62	0.72	0.81	0.48	0.0	0.93	LIVN
IRTC	-0.3	0.05		0.0	0.32	0.44	0.48	0.7	0.0	-0.05	IRTC
HSKA	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HSKA
LUNG	-0.83	-0.62	0.32	0.0		-0.49	-0.45	-0.05	0.0	-0.67	LUNG
IRMD	0.58	0.72	0.44	0.0	-0.49		0.81	0.71	0.0	0.74	IRMD
OFIX	0.58	0.81	0.48	0.0	-0.45	0.81		0.68	0.0	0.75	OFIX
NPCE	0.23	0.48	0.7	0.0	-0.05	0.71	0.68		0.0	0.42	NPCE
NUVA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NUVA
GKOS	0.82	0.93	-0.05	0.0	-0.67	0.74	0.75	0.42	0.0		GKOS
	CNMD	LIVN	IRTC	HSKA	LUNG	IRMD	OFIX	NPCE	NUVA	GKOS

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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

GKOS	+ 0.93	LIVN
GKOS	+ 0.82	CNMD
OFIX	+ 0.81	LIVN
OFIX	+ 0.81	IRMD
LIVN	+ 0.8	CNMD
GKOS	+ 0.75	OFIX

High negative correlations

LUNG	- 0.83	CNMD
GKOS	- 0.67	LUNG
LUNG	- 0.62	LIVN
IRMD	- 0.49	LUNG
OFIX	- 0.45	LUNG
IRTC	- 0.3	CNMD

Risk-Adjusted Indicators

There is a big difference between Integer Stock performing well and Integer 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 Integer 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
CNMD	1.68	(0.19)	0.00	(0.27)	0.00	0.00	3.52	(3.53)	13.79
LIVN	1.67	(0.27)	0.00	(0.43)	0.00	0.00	2.87	(3.78)	20.10
IRTC	2.00	0.28	0.11	0.54	2.45	(1.96)	4.67	(3.94)	11.85
HSKA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LUNG	3.34	0.37	0.11	(1.04)	3.28	(3.82)	6.59	(5.54)	41.39
IRMD	1.31	0.02	0.02	0.00	1.94	(1.41)	2.43	(2.65)	11.55
OFIX	1.23	(0.08)	0.00	(0.13)	0.00	0.00	2.18	(2.74)	6.60
NPCE	3.17	0.20	0.06	2.38	3.79	(3.37)	5.89	(6.82)	17.98
NUVA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GKOS	2.36	(0.31)	0.00	(0.21)	0.00	0.00	4.98	(7.22)	24.99

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