Axogen Correlations

AXGN Stock

USD 11.28 0.35 3.01%

The current 90-days correlation between Axogen Inc and Anika Therapeutics is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Axogen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axogen Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Axogen Correlation With Market

Modest diversification

The correlation between Axogen Inc and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Axogen Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Axogen Stock

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

Moving together with Axogen Stock

0.67	CI	Cigna Corp	Pair Corr
0.62	ECOR	Electrocore LLC	Pair Corr
0.8	EKSO	Ekso Bionics Holdings	Pair Corr
0.66	ELMD	Electromed	Pair Corr
0.69	EMBC	Embecta Corp	Pair Corr
0.81	ICCM	Icecure Medical	Pair Corr
0.84	MSPRW	MSP Recovery Symbol Change	Pair Corr
0.65	MSPRZ	MSP Recovery Symbol Change	Pair Corr

Moving against Axogen Stock

0.92	OM	Outset Medical	Pair Corr
0.81	DH	Definitive Healthcare	Pair Corr
0.76	LH	Laboratory Earnings Call This Week	Pair Corr
0.76	VEEV	Veeva Systems Class	Pair Corr
0.75	DXCM	DexCom Inc Earnings Call This Week	Pair Corr
0.53	VNRX	Volitionrx	Pair Corr
0.51	MD	Mednax Inc	Pair Corr
0.47	EW	Edwards Lifesciences Corp Earnings Call This Week	Pair Corr
0.91	ENSG	Ensign Group Earnings Call This Week	Pair Corr
0.61	FIGS	Figs Inc	Pair Corr
0.56	MDAI	Spectral AI	Pair Corr
0.54	EHAB	Enhabit	Pair Corr
0.43	ABT	Abbott Laboratories	Pair Corr
0.82	NAKA	Kindly MD, Symbol Change	Pair Corr
0.71	MHUA	Meihua International	Pair Corr
0.55	MODV	ModivCare	Pair Corr
0.51	NEUE	NeueHealth	Pair Corr

Related Correlations Analysis

	ANIK	OFIX	SRDX	FNA	AORT	LUNG	ELMD	RXST	TMCI	NUVA
ANIK		0.91	-0.42	-0.54	-0.86	0.84	0.74	0.3	0.81	0.0	ANIK
OFIX	0.91		-0.38	-0.58	-0.87	0.9	0.78	0.33	0.8	0.0	OFIX
SRDX	-0.42	-0.38		0.17	0.42	-0.25	-0.55	-0.5	-0.55	0.0	SRDX
FNA	-0.54	-0.58	0.17		0.71	-0.76	-0.5	-0.15	-0.22	0.0	FNA
AORT	-0.86	-0.87	0.42	0.71		-0.9	-0.71	-0.47	-0.57	0.0	AORT
LUNG	0.84	0.9	-0.25	-0.76	-0.9		0.65	0.34	0.58	0.0	LUNG
ELMD	0.74	0.78	-0.55	-0.5	-0.71	0.65		0.5	0.65	0.0	ELMD
RXST	0.3	0.33	-0.5	-0.15	-0.47	0.34	0.5		0.23	0.0	RXST
TMCI	0.81	0.8	-0.55	-0.22	-0.57	0.58	0.65	0.23		0.0	TMCI
NUVA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		NUVA
	ANIK	OFIX	SRDX	FNA	AORT	LUNG	ELMD	RXST	TMCI	NUVA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.91	ANIK
LUNG	+ 0.9	OFIX
LUNG	+ 0.84	ANIK
TMCI	+ 0.81	ANIK
TMCI	+ 0.8	OFIX
ELMD	+ 0.78	OFIX

High negative correlations

LUNG	- 0.9	AORT
AORT	- 0.87	OFIX
AORT	- 0.86	ANIK
LUNG	- 0.76	FNA
ELMD	- 0.71	AORT
FNA	- 0.58	OFIX

Risk-Adjusted Indicators

There is a big difference between Axogen Stock performing well and Axogen 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 Axogen'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
ANIK	2.46	(0.51)	0.00	(0.30)	0.00	0.00	4.73	(4.60)	25.11
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
FNA	0.69	0.39	0.99	(2.34)	0.00	(1.09)	3.00	(0.31)	8.63
AORT	1.46	0.40	0.22	1.43	1.03	(1.83)	3.50	(2.03)	18.73
LUNG	4.05	(0.97)	0.00	(0.29)	0.00	0.00	7.78	(9.06)	27.26
ELMD	2.01	(0.46)	0.00	(0.27)	0.00	0.00	3.34	(5.49)	17.42
RXST	3.44	(0.97)	0.00	(0.66)	0.00	0.00	6.42	(5.79)	52.85
TMCI	2.27	(0.43)	0.00	(0.16)	0.00	0.00	4.17	(5.56)	14.27
NUVA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Axogen Corporate Management

Gregory Davault	VP Marketing	Profile
Maria Martinez	Chief Human Resource Officer	Profile
Lindsey CPA	Chief Officer	Profile
CFA CPA	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC