Surgalign Holdings Correlations
| SRGADelisted Stock | USD 0.04 0 12.54% |
The current 90-days correlation between Surgalign Holdings and Si Bone is 0.05 (i.e., Significant diversification). The correlation of Surgalign 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.
Surgalign Holdings Correlation With Market
Average diversification
The correlation between Surgalign Holdings and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Surgalign Holdings and DJI in the same portfolio, assuming nothing else is changed.
Surgalign |
Moving together with Surgalign Stock
| 0.83 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.87 | BKRKY | Bank Rakyat | PairCorr |
| 0.89 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.8 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.9 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.73 | PBCRY | Bank Central Asia | PairCorr |
| 0.87 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.67 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against Surgalign Stock
| 0.83 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.8 | WMT | Walmart Aggressive Push | PairCorr |
| 0.79 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.79 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.76 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.74 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.66 | PTAIF | PT Astra International | PairCorr |
| 0.62 | SSNLF | Samsung Electronics | PairCorr |
| 0.55 | HPQ | HP Inc | PairCorr |
| 0.53 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.52 | HD | Home Depot | PairCorr |
| 0.41 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Surgalign Stock performing well and Surgalign 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 Surgalign 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NUVA | 1.23 | (0.03) | 0.00 | (2.18) | 0.00 | 3.31 | 7.19 | |||
| FNA | 3.71 | 0.20 | 0.09 | 0.21 | 4.10 | 7.32 | 43.16 | |||
| OFIX | 1.86 | 0.03 | 0.04 | 0.15 | 2.06 | 3.90 | 12.11 | |||
| SIBN | 2.83 | (0.42) | 0.00 | (0.11) | 0.00 | 5.99 | 26.24 | |||
| AVNS | 1.61 | (0.53) | 0.00 | (0.19) | 0.00 | 3.01 | 20.91 | |||
| AZYO | 3.96 | 0.72 | 0.12 | (1.34) | 3.84 | 8.44 | 30.62 | |||
| ESTA | 3.31 | (0.15) | (0.01) | 0.04 | 4.13 | 8.20 | 22.26 | |||
| CVRX | 3.84 | 0.75 | 0.16 | 1.49 | 3.48 | 10.68 | 41.08 | |||
| AXGN | 2.25 | 0.05 | 0.02 | 0.17 | 3.70 | 4.73 | 21.60 | |||
| TLIS | 4.85 | (1.85) | 0.00 | 5.84 | 0.00 | 5.32 | 68.77 |
View Surgalign Holdings Related Equities
| Risk & Return | Correlation |
Surgalign Holdings Corporate Management
| Christopher Thunander | VP Officer | Profile | |
| William Durall | Chief Officer | Profile | |
| Enrico Sangiorgio | Ex International | Profile | |
| David Lyle | Chief Officer | Profile | |
| Suzanne Zoumaras | Chief Officer | Profile | |
| Olivier Visa | Pres OEM | Profile | |
| Paolo Amoruso | Gen Officer | Profile |
Still Interested in Surgalign Holdings?
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