Artivion Correlations

AORT Stock

USD 30.49 0.36 1.17%

The current 90-days correlation between Artivion and Axogen Inc is 0.01 (i.e., Significant diversification). The correlation of Artivion 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.

Artivion Correlation With Market

Average diversification

The correlation between Artivion and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artivion and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Artivion Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Artivion. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with Artivion Stock

0.9	DH	Definitive Healthcare	Pair Corr
0.68	EW	Edwards Lifesciences Corp Earnings Call This Week	Pair Corr
0.8	LH	Laboratory Earnings Call This Week	Pair Corr
0.88	OM	Outset Medical	Pair Corr
0.78	VEEV	Veeva Systems Class	Pair Corr
0.86	DXCM	DexCom Inc Earnings Call This Week	Pair Corr
0.62	VNRX	Volitionrx	Pair Corr
0.83	ENSG	Ensign Group Earnings Call This Week	Pair Corr
0.83	FIGS	Figs Inc	Pair Corr
0.75	MDAI	Spectral AI	Pair Corr
0.69	MHUA	Meihua International	Pair Corr

Moving against Artivion Stock

0.66	CI	Cigna Corp	Pair Corr
0.45	DRIO	DarioHealth Corp	Pair Corr
0.38	VERO	Venus Concept	Pair Corr
0.32	VTAK	Catheter Precision	Pair Corr
0.87	MSPRW	MSP Recovery Symbol Change	Pair Corr
0.81	EKSO	Ekso Bionics Holdings	Pair Corr
0.75	MSPRZ	MSP Recovery Symbol Change	Pair Corr
0.71	ELMD	Electromed	Pair Corr
0.7	ICCM	Icecure Medical	Pair Corr
0.59	EMBC	Embecta Corp	Pair Corr
0.54	ELAB	Elevai Labs, Common	Pair Corr
0.86	MXCT	MaxCyte	Pair Corr
0.86	NAOV	NanoVibronix	Pair Corr
0.82	NXGLW	NexGel Warrant	Pair Corr
0.78	MNDR	Mobile health Network	Pair Corr
0.77	NXLIW	Nexalin Technology	Pair Corr
0.63	MODD	Modular Medical	Pair Corr

Related Correlations Analysis

	AXGN	ANIK	OFIX	SRDX	TMCI	AVNS	CTKB	MODV
AXGN		0.73	0.89	-0.29	0.74	0.1	0.59	-0.55	AXGN
ANIK	0.73		0.73	-0.29	0.73	0.31	0.43	-0.48	ANIK
OFIX	0.89	0.73		-0.38	0.8	0.34	0.47	-0.66	OFIX
SRDX	-0.29	-0.29	-0.38		-0.55	-0.4	-0.02	0.52	SRDX
TMCI	0.74	0.73	0.8	-0.55		0.48	0.32	-0.63	TMCI
AVNS	0.1	0.31	0.34	-0.4	0.48		-0.19	-0.46	AVNS
CTKB	0.59	0.43	0.47	-0.02	0.32	-0.19		0.23	CTKB
MODV	-0.55	-0.48	-0.66	0.52	-0.63	-0.46	0.23		MODV
	AXGN	ANIK	OFIX	SRDX	TMCI	AVNS	CTKB	MODV

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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

OFIX	+ 0.89	AXGN
TMCI	+ 0.8	OFIX
TMCI	+ 0.74	AXGN
ANIK	+ 0.73	AXGN
OFIX	+ 0.73	ANIK
TMCI	+ 0.73	ANIK

High negative correlations

MODV	- 0.66	OFIX
MODV	- 0.63	TMCI
TMCI	- 0.55	SRDX
MODV	- 0.55	AXGN
MODV	- 0.48	ANIK
MODV	- 0.46	AVNS

Risk-Adjusted Indicators

There is a big difference between Artivion Stock performing well and Artivion 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 Artivion'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
AXGN	2.47	(0.58)	0.00	(0.49)	0.00	0.00	3.93	(4.67)	27.13
ANIK	2.51	(0.61)	0.00	(0.23)	0.00	0.00	4.73	(4.60)	23.94
OFIX	1.78	(0.53)	0.00	(0.23)	0.00	0.00	3.87	(3.75)	14.80
SRDX	1.33	0.08	(0.01)	0.56	2.00	(1.40)	3.15	(2.03)	15.01
TMCI	2.27	(0.43)	0.00	(0.16)	0.00	0.00	4.17	(5.56)	14.27
AVNS	1.77	(0.27)	0.00	(0.13)	0.00	0.00	3.98	(3.90)	9.98
CTKB	3.27	(0.41)	0.00	(0.08)	0.00	0.00	6.20	(6.77)	28.87
MODV	10.84	2.34	0.27	1.44	7.57	(14.61)	32.00	(13.33)	110.37

Artivion Corporate Management

Daniel Bevevino	Independent Director	Profile
Jean Holloway	Senior Vice President Chief Compliance Officer, General Counsel, Secretary	Profile
Jon Salveson	Independent Director	Profile
Andrew Green	Vice President - Regulatory Affairs	Profile
Thomas Ackerman	Independent Director	Profile
Rochelle Maney	Vice President - Global Quality Assurance	Profile

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