LeMaitre Vascular Correlations

LMAT Stock

USD 84.28 3.65 4.15%

The current 90-days correlation between LeMaitre Vascular and Slate Grocery REIT is 0.24 (i.e., Modest diversification). The correlation of LeMaitre Vascular 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.

LeMaitre Vascular Correlation With Market

Very weak diversification

The correlation between LeMaitre Vascular and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LeMaitre Vascular and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with LeMaitre Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in LeMaitre Vascular. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

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

Moving together with LeMaitre Stock

0.75	WNC	Wabash National	Pair Corr
0.73	PG	Procter Gamble	Pair Corr

Moving against LeMaitre Stock

0.69	INTC	Intel Aggressive Push	Pair Corr
0.56	JNJ	Johnson Johnson	Pair Corr
0.47	AA	Alcoa Corp	Pair Corr
0.46	WMT	Walmart	Pair Corr
0.38	AXP	American Express	Pair Corr
0.37	CSCO	Cisco Systems	Pair Corr
0.32	XOM	Exxon Mobil Corp	Pair Corr
0.32	MRK	Merck Company Aggressive Push	Pair Corr
0.31	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	SRRTF	ACIC	HG	SNDVF	UNFI	PIAIF	ABVG
SRRTF		0.45	0.58	-0.16	0.31	0.21	0.0	SRRTF
ACIC	0.45		0.4	-0.67	0.75	-0.17	0.0	ACIC
HG	0.58	0.4		-0.21	0.1	0.36	0.0	HG
SNDVF	-0.16	-0.67	-0.21		-0.74	0.03	0.0	SNDVF
UNFI	0.31	0.75	0.1	-0.74		-0.32	0.0	UNFI
PIAIF	0.21	-0.17	0.36	0.03	-0.32		0.0	PIAIF
ABVG	0.0	0.0	0.0	0.0	0.0	0.0		ABVG
	SRRTF	ACIC	HG	SNDVF	UNFI	PIAIF	ABVG

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

UNFI	+ 0.75	ACIC
HG	+ 0.58	SRRTF
ACIC	+ 0.45	SRRTF
HG	+ 0.4	ACIC
PIAIF	+ 0.36	HG
UNFI	+ 0.31	SRRTF

High negative correlations

UNFI	- 0.74	SNDVF
SNDVF	- 0.67	ACIC
PIAIF	- 0.32	UNFI
SNDVF	- 0.21	HG
PIAIF	- 0.17	ACIC
SNDVF	- 0.16	SRRTF

Risk-Adjusted Indicators

There is a big difference between LeMaitre Stock performing well and LeMaitre Vascular 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 LeMaitre Vascular'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
SRRTF	0.73	0.09	0.09	0.15	0.76	(0.80)	1.59	(1.41)	4.47
ACIC	1.55	0.18	0.10	0.19	1.58	(1.66)	2.73	(2.53)	8.44
HG	1.40	0.22	0.15	0.23	1.17	(1.83)	3.69	(2.37)	12.15
SNDVF	0.44	0.01	(0.01)	(0.15)	0.62	(2.41)	2.10	(1.82)	6.28
UNFI	2.00	0.41	0.16	0.32	2.10	(2.29)	4.40	(3.38)	27.61
PIAIF	1.55	0.00	0.00	0.02	0.00	0.00	3.85	(4.68)	15.02
ABVG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

LeMaitre Vascular Corporate Executives

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

	MD FACS	Founder Board	Profile
	Joseph Pellegrino	CFO, Principal Accounting Officer and Secretary	Profile

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