Integer Holdings Correlations

ITGR Stock

USD 70.00 1.87 2.74%

The current 90-days correlation between Integer Holdings Corp and Inspire Medical Systems is 0.02 (i.e., Significant diversification). The correlation of Integer 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Integer Holdings Correlation With Market

Significant diversification

The correlation between Integer Holdings Corp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Integer Holdings Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Integer Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Integer Holdings Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Integer Stock

0.69	300061	QITIAN Technology	Pair Corr
0.85	600055	Beijing Wandong Medical	Pair Corr
0.62	OM	Outset Medical	Pair Corr
0.77	VERO	Venus Concept	Pair Corr
0.7	DXCM	DexCom Inc	Pair Corr
0.75	DYNT	Dynatronics	Pair Corr
0.8	VNRX	Volitionrx	Pair Corr
0.62	VTAK	Catheter Precision	Pair Corr
0.75	VVOS	Vivos Therapeutics	Pair Corr
0.82	POLX	Polarean Imaging Plc	Pair Corr

Moving against Integer Stock

0.93	SPEC	Inspecs Group plc	Pair Corr
0.68	688656	HOB Biotech Group	Pair Corr
0.66	EW	Edwards Lifesciences Corp	Pair Corr
0.47	688289	Sansure Biotech	Pair Corr
0.86	BB1	Blinklab	Pair Corr
0.85	300358	Truking Technology	Pair Corr
0.61	BLCO	Bausch Lomb Corp	Pair Corr
0.36	EKSO	Ekso Bionics Holdings	Pair Corr
0.83	ESTA	Establishment Labs	Pair Corr
0.75	AHC	Austco Healthcare	Pair Corr
0.73	FIGS	Figs Inc	Pair Corr
0.69	FEMY	Femasys	Pair Corr
0.34	EUDA	EUDA Health Holdings	Pair Corr

Related Correlations Analysis

	INSP	AORT	ADUS	PINC	HAE	UFPT	CON	PRCT	LIVN	RXRX
INSP		0.37	-0.19	-0.64	0.45	0.62	0.54	0.28	0.51	-0.5	INSP
AORT	0.37		0.18	0.16	0.6	0.67	-0.22	-0.36	0.02	-0.23	AORT
ADUS	-0.19	0.18		0.18	-0.46	-0.28	-0.02	0.15	-0.16	0.66	ADUS
PINC	-0.64	0.16	0.18		0.18	-0.09	-0.87	-0.76	-0.62	0.3	PINC
HAE	0.45	0.6	-0.46	0.18		0.76	-0.34	-0.62	0.02	-0.61	HAE
UFPT	0.62	0.67	-0.28	-0.09	0.76		-0.1	-0.29	0.06	-0.55	UFPT
CON	0.54	-0.22	-0.02	-0.87	-0.34	-0.1		0.86	0.66	-0.15	CON
PRCT	0.28	-0.36	0.15	-0.76	-0.62	-0.29	0.86		0.48	-0.01	PRCT
LIVN	0.51	0.02	-0.16	-0.62	0.02	0.06	0.66	0.48		-0.22	LIVN
RXRX	-0.5	-0.23	0.66	0.3	-0.61	-0.55	-0.15	-0.01	-0.22		RXRX
	INSP	AORT	ADUS	PINC	HAE	UFPT	CON	PRCT	LIVN	RXRX

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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

PRCT	+ 0.86	CON
UFPT	+ 0.76	HAE
UFPT	+ 0.67	AORT
RXRX	+ 0.66	ADUS
LIVN	+ 0.66	CON
UFPT	+ 0.62	INSP

High negative correlations

CON	- 0.87	PINC
PRCT	- 0.76	PINC
PINC	- 0.64	INSP
PRCT	- 0.62	HAE
LIVN	- 0.62	PINC
RXRX	- 0.61	HAE

Risk-Adjusted Indicators

There is a big difference between Integer Stock performing well and Integer 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 Integer 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
INSP	2.40	(0.06)	0.00	0.11	0.00	0.00	5.12	(4.22)	19.87
AORT	1.42	0.02	0.01	0.03	1.89	(1.47)	3.09	(3.32)	9.45
ADUS	1.42	(0.08)	0.00	(0.05)	0.00	0.00	2.63	(2.57)	11.54
PINC	0.72	0.12	0.11	1.63	0.63	(0.90)	2.21	(1.64)	10.84
HAE	1.81	0.56	0.31	11.93	1.23	(2.22)	3.25	(2.37)	32.88
UFPT	2.05	(0.06)	0.00	(0.03)	0.00	0.00	3.97	(4.31)	17.05
CON	1.14	(0.26)	0.00	1.26	0.00	0.00	2.14	(2.68)	6.93
PRCT	2.30	(0.49)	0.00	2.26	0.00	0.00	4.13	(5.11)	15.84
LIVN	1.61	(0.02)	0.00	0.01	1.98	(1.69)	3.54	(3.11)	11.55
RXRX	3.66	(0.27)	0.00	(0.06)	0.00	0.00	8.24	(7.86)	26.43

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