LeMaitre Vascular Correlations

LMAT Stock

USD 83.49 2.19 2.56%

The current 90-days correlation between LeMaitre Vascular and InfuSystems Holdings is 0.17 (i.e., Average diversification). The correlation of LeMaitre Vascular 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.

LeMaitre Vascular Correlation With Market

Modest diversification

The correlation between LeMaitre Vascular 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 LeMaitre Vascular and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LeMaitre Vascular. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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

Moving together with LeMaitre Stock

0.79	INFU	InfuSystems Holdings	Pair Corr
0.75	ZVSA	ZyVersa Therapeutics	Pair Corr
0.7	KRON	Kronos Bio	Pair Corr

Moving against LeMaitre Stock

0.77	OCX	OncoCyte Corp	Pair Corr
0.7	MNDR	Mobile health Network	Pair Corr
0.48	ADVM	Adverum Biotechnologies	Pair Corr
0.43	INBX	Inhibrx Symbol Change	Pair Corr

Related Correlations Analysis

	INFU	PDEX	UTMD	MLSS	HOLX	HAE	ICUI	NVST	COO
INFU		-0.14	0.85	0.24	0.71	0.42	0.78	0.75	0.82	INFU
PDEX	-0.14		0.07	-0.44	0.37	0.66	-0.03	-0.58	-0.24	PDEX
UTMD	0.85	0.07		0.27	0.76	0.56	0.8	0.61	0.78	UTMD
MLSS	0.24	-0.44	0.27		0.1	-0.32	0.56	0.64	0.46	MLSS
HOLX	0.71	0.37	0.76	0.1		0.81	0.62	0.28	0.71	HOLX
HAE	0.42	0.66	0.56	-0.32	0.81		0.28	-0.17	0.33	HAE
ICUI	0.78	-0.03	0.8	0.56	0.62	0.28		0.73	0.72	ICUI
NVST	0.75	-0.58	0.61	0.64	0.28	-0.17	0.73		0.71	NVST
COO	0.82	-0.24	0.78	0.46	0.71	0.33	0.72	0.71		COO
	INFU	PDEX	UTMD	MLSS	HOLX	HAE	ICUI	NVST	COO

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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

UTMD	+ 0.85	INFU
COO	+ 0.82	INFU
HAE	+ 0.81	HOLX
ICUI	+ 0.8	UTMD
ICUI	+ 0.78	INFU
COO	+ 0.78	UTMD

High negative correlations

NVST	- 0.58	PDEX
MLSS	- 0.44	PDEX
HAE	- 0.32	MLSS
COO	- 0.24	PDEX
NVST	- 0.17	HAE
PDEX	- 0.14	INFU

Risk-Adjusted Indicators

There is a big difference between LeMaitre Stock performing well and LeMaitre Vascular 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 LeMaitre Vascular'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
INFU	2.53	(0.47)	0.00	(0.34)	0.00	0.00	4.40	(7.69)	19.13
PDEX	3.75	0.17	0.04	0.16	4.22	(4.25)	8.67	(6.88)	34.56
UTMD	0.65	(0.12)	0.00	(0.35)	0.00	0.00	1.10	(1.72)	4.92
MLSS	4.01	0.53	0.10	0.57	4.79	(4.50)	7.63	(8.11)	37.01
HOLX	1.11	(0.24)	0.00	(0.76)	0.00	0.00	1.83	(2.07)	12.53
HAE	1.81	(0.30)	0.00	(0.66)	0.00	0.00	3.37	(4.20)	15.77
ICUI	1.71	(0.05)	0.00	(0.12)	0.00	0.00	3.10	(3.61)	11.84
NVST	1.91	(0.12)	0.00	(0.15)	0.00	0.00	3.37	(4.20)	10.92
COO	1.35	(0.17)	0.00	(0.32)	0.00	0.00	2.11	(2.42)	9.15

LeMaitre Vascular Corporate Executives

Elected by the shareholders, the LeMaitre Vascular's board of directors comprises two types of representatives: LeMaitre Vascular inside directors who are chosen from within the company, and outside directors, selected externally and held independent of LeMaitre. The board's role is to monitor LeMaitre Vascular's management team and ensure that shareholders' interests are well served. LeMaitre Vascular's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, LeMaitre Vascular's outside directors are responsible for providing unbiased perspectives on the board's policies.

Joseph Pellegrino

CFO, Principal Accounting Officer and Secretary

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