InspireMD Correlations

NSPR Stock

USD 2.71 0.06 2.17%

The current 90-days correlation between InspireMD and Vivos Therapeutics is 0.06 (i.e., Significant diversification). The correlation of InspireMD 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.

InspireMD Correlation With Market

Good diversification

The correlation between InspireMD and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding InspireMD 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 InspireMD. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in InspireMD Stock, please use our How to Invest in InspireMD guide.

Moving together with InspireMD Stock

0.66	EW	Edwards Lifesciences Corp	Pair Corr
0.73	GH	Guardant Health	Pair Corr
0.74	OM	Outset Medical	Pair Corr
0.7	DXCM	DexCom Inc	Pair Corr
0.72	VVOS	Vivos Therapeutics	Pair Corr

Moving against InspireMD Stock

0.56	DRIO	DarioHealth Corp Buyout Trend	Pair Corr
0.54	VERO	Venus Concept	Pair Corr
0.5	VTAK	Catheter Precision	Pair Corr
0.34	VNRX	Volitionrx	Pair Corr
0.32	CI	Cigna Corp	Pair Corr
0.7	XTNT	Xtant Medical Holdings	Pair Corr
0.68	MASS	908 Devices	Pair Corr
0.64	GCTK	GlucoTrack	Pair Corr
0.55	TFX	Teleflex Incorporated	Pair Corr
0.49	ELAB	Elevai Labs, Common	Pair Corr
0.45	VMD	Viemed Healthcare	Pair Corr
0.42	MOH	Molina Healthcare	Pair Corr
0.4	FIGS	Figs Inc	Pair Corr
0.73	MODD	Modular Medical	Pair Corr
0.63	NEOG	Neogen	Pair Corr
0.53	MNDR	Mobile health Network	Pair Corr
0.53	TNONW	Tenon Medical, Warrant	Pair Corr
0.42	MHUA	Meihua International	Pair Corr
0.32	MPLN	MultiPlan	Pair Corr

Related Correlations Analysis

	BBLG	TIVC	BJDX	VVOS	RPID	SGHT	SSKN	NPCE	VAPO
BBLG		-0.08	0.63	-0.78	-0.37	0.9	-0.24	-0.82	0.44	BBLG
TIVC	-0.08		-0.04	-0.07	0.31	-0.06	0.25	-0.1	0.19	TIVC
BJDX	0.63	-0.04		-0.46	-0.32	0.69	-0.38	-0.6	0.02	BJDX
VVOS	-0.78	-0.07	-0.46		0.01	-0.81	0.07	0.89	-0.73	VVOS
RPID	-0.37	0.31	-0.32	0.01		-0.36	0.6	0.12	0.39	RPID
SGHT	0.9	-0.06	0.69	-0.81	-0.36		-0.29	-0.9	0.38	SGHT
SSKN	-0.24	0.25	-0.38	0.07	0.6	-0.29		0.11	0.39	SSKN
NPCE	-0.82	-0.1	-0.6	0.89	0.12	-0.9	0.11		-0.57	NPCE
VAPO	0.44	0.19	0.02	-0.73	0.39	0.38	0.39	-0.57		VAPO
	BBLG	TIVC	BJDX	VVOS	RPID	SGHT	SSKN	NPCE	VAPO

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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

SGHT	+ 0.9	BBLG
NPCE	+ 0.89	VVOS
SGHT	+ 0.69	BJDX
BJDX	+ 0.63	BBLG
SSKN	+ 0.6	RPID
VAPO	+ 0.44	BBLG

High negative correlations

NPCE	- 0.9	SGHT
NPCE	- 0.82	BBLG
SGHT	- 0.81	VVOS
VVOS	- 0.78	BBLG
VAPO	- 0.73	VVOS
NPCE	- 0.6	BJDX

Risk-Adjusted Indicators

There is a big difference between InspireMD Stock performing well and InspireMD 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 InspireMD'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
BBLG	4.26	(0.53)	0.00	(0.31)	0.00	0.00	10.92	(8.59)	46.68
TIVC	6.94	0.97	0.13	1.20	6.06	(11.38)	14.81	(8.70)	82.47
BJDX	9.28	0.31	0.03	0.04	11.52	(10.87)	19.21	(16.37)	120.57
VVOS	3.71	0.94	0.24	4.34	3.27	(4.47)	9.43	(6.67)	19.92
RPID	3.07	0.31	0.07	(1.69)	3.80	(3.49)	6.06	(6.25)	26.30
SGHT	3.02	(0.83)	0.00	1.03	0.00	0.00	6.65	(7.84)	18.22
SSKN	2.28	0.27	0.10	0.85	2.48	(2.88)	5.15	(4.32)	16.58
NPCE	3.76	1.01	0.27	1.16	3.18	(4.58)	9.73	(6.20)	35.79
VAPO	4.98	(0.23)	0.00	(0.13)	0.00	0.00	15.38	(11.63)	34.31

InspireMD Corporate Management

Shane Gleason	Chief Officer	Profile
Roei Samuri	VP Operations	Profile
DVM MD	Executive Affairs	Profile
Andrea Tommasoli	Chief Officer	Profile
Amir Kohen	Vice Resources	Profile

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