Apyx Medical Correlations

Stocks . USA . 
Stock . Apyx Medical
APYX Stock  USD 4.00  0.04  0.99%   
The current 90-days correlation between Apyx Medical and Quipt Home Medical is -0.12 (i.e., Good diversification). The correlation of Apyx Medical 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.

Apyx Medical Correlation With Market

Average diversification

The correlation between Apyx Medical and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Apyx Medical and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Apyx Stock
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apyx Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For more information on how to buy Apyx Stock please use our How to Invest in Apyx Medical guide.

Moving together with Apyx Stock

  0.87SPEC Inspecs Group plcPairCorr
  0.77688656 HOB Biotech GroupPairCorr
  0.71300358 Truking TechnologyPairCorr
  0.65BLCO Bausch Lomb CorpPairCorr
  0.88BB1 BlinklabPairCorr
  0.89ESTA Establishment LabsPairCorr
  0.73EUDA EUDA Health HoldingsPairCorr
  0.85AHC Austco HealthcarePairCorr

Moving against Apyx Stock

  0.92300061 QITIAN TechnologyPairCorr
  0.92VNRX VolitionrxPairCorr
  0.86DYNT DynatronicsPairCorr
  0.84DXCM DexCom IncPairCorr
  0.8600055 Beijing Wandong MedicalPairCorr
  0.73OM Outset MedicalPairCorr
  0.71VERO Venus ConceptPairCorr
  0.58301363 MeHow InnovativePairCorr
  0.57VTAK Catheter PrecisionPairCorr
  0.86POLX Polarean Imaging PlcPairCorr
  0.81VVOS Vivos TherapeuticsPairCorr
  0.59OTC Ocumetics Technology CorpPairCorr
  0.53002382 Blue Sail MedicalPairCorr
  0.42EMBC Embecta CorpPairCorr
  0.38ENOV Enovis CorpPairCorr
  0.79688317 Shanghai ZJ BioPairCorr
  0.77AHG Akso Health GroupPairCorr
  0.69XAIR Beyond AirPairCorr
  0.64ABT Abbott LaboratoriesPairCorr
  0.57QIPT Quipt Home MedicalPairCorr
  0.52601089 Beijing Winsunny PhaPairCorr

Related Correlations Analysis


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

VANI
+ 0.72
XTNT
NSPR
+ 0.59
RCEL
NSPR
+ 0.52
QIPT
SERA
+ 0.49
LUCD
SERA
+ 0.47
QIPT
RCEL
+ 0.44
QIPT
  

High negative correlations

PDEX
- 0.62
VANI
LUCD
- 0.57
RPID
PDEX
- 0.55
ATOS
NSPR
- 0.51
RPID
PDEX
- 0.5
XTNT
XTNT
- 0.45
RCEL

Risk-Adjusted Indicators

There is a big difference between Apyx Stock performing well and Apyx Medical 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 Apyx Medical'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
QIPT  2.44  0.17  0.06  0.23  2.70 
(3.32)
 7.86 
(5.78)
 29.18 
RPID  4.20  0.68  0.15  0.27  4.22 
(4.86)
 11.48 
(7.37)
 23.32 
RCEL  3.71 (0.12) 0.00 (0.13) 0.00 
 0.00 
 5.45 
(7.05)
 74.08 
LUCD  3.12  0.02  0.01  0.05  4.57 
(3.68)
 6.73 
(6.50)
 30.98 
XTNT  2.75  0.15  0.03  1.21  3.34 
(3.66)
 7.04 
(7.79)
 19.75 
VANI  3.93  0.31  0.06 (1.33) 3.84 
(5.71)
 12.12 
(5.84)
 30.95 
NSPR  2.45 (0.30) 0.00 (0.20) 0.00 
 0.00 
 4.60 
(7.11)
 24.29 
ATOS  2.44  0.06  0.03  0.08  2.69 
(3.23)
 6.02 
(4.85)
 18.38 
SERA  3.64  0.49  0.12  0.27  3.77 
(4.17)
 8.96 
(6.67)
 28.15 
PDEX  3.39 (0.46) 0.00 (1.76) 0.00 
 0.00 
 6.64 
(6.02)
 26.76 

Apyx Medical Corporate Executives

Elected by the shareholders, the Apyx Medical's board of directors comprises two types of representatives: Apyx Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Apyx. The board's role is to monitor Apyx Medical's management team and ensure that shareholders' interests are well served. Apyx Medical'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, Apyx Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.
Tara SembTreasurer CFOProfile
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