Masimo Correlations
| MASI Stock | USD 144.50 1.34 0.94% |
The current 90-days correlation between Masimo and Avantor is 0.24 (i.e., Modest diversification). The correlation of Masimo 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.
Masimo Correlation With Market
Weak diversification
The correlation between Masimo and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Masimo and DJI in the same portfolio, assuming nothing else is changed.
Moving against Masimo Stock
| 0.48 | VLCN | VLCN Old Earnings Call Today | PairCorr |
| 0.35 | BK | Bank of New York | PairCorr |
| 0.56 | CVX | Chevron Corp | PairCorr |
| 0.47 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.41 | BAC | Bank of America | PairCorr |
| 0.32 | AXP | American Express Sell-off Trend | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Masimo Stock performing well and Masimo 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 Masimo'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AVTR | 2.53 | (0.12) | 0.00 | 0.04 | 4.37 | 5.41 | 32.74 | |||
| ATR | 0.81 | (0.33) | 0.00 | (0.67) | 0.00 | 1.22 | 9.11 | |||
| BAX | 1.62 | (0.52) | 0.00 | (0.33) | 0.00 | 2.91 | 18.10 | |||
| ABVX | 1.87 | 0.63 | 0.31 | 5.61 | 1.36 | 4.50 | 8.89 | |||
| BIO | 1.72 | 0.06 | 0.08 | 0.13 | 1.64 | 4.51 | 11.24 | |||
| HSIC | 1.29 | 0.07 | 0.05 | 0.17 | 1.26 | 2.43 | 13.49 | |||
| RGEN | 2.33 | 0.29 | 0.15 | 0.28 | 1.97 | 5.28 | 15.00 | |||
| STVN | 2.15 | (0.06) | (0.01) | 0.05 | 2.59 | 4.82 | 12.65 | |||
| RYTM | 1.74 | 0.06 | 0.00 | 0.21 | 2.47 | 3.02 | 12.09 | |||
| MOH | 2.12 | (0.21) | 0.00 | (0.13) | 0.00 | 3.97 | 22.68 |
Masimo Corporate Executives
Elected by the shareholders, the Masimo's board of directors comprises two types of representatives: Masimo inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Masimo. The board's role is to monitor Masimo's management team and ensure that shareholders' interests are well served. Masimo'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, Masimo's outside directors are responsible for providing unbiased perspectives on the board's policies.