MiMedx Correlations

MDXG Stock

USD 6.48 0.14 2.21%

The current 90-days correlation between MiMedx Group and Dave Busters Entertainment is 0.31 (i.e., Weak diversification). The correlation of MiMedx 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.

MiMedx Correlation With Market

Very weak diversification

The correlation between MiMedx Group and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MiMedx Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MiMedx Stock

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

Moving against MiMedx Stock

0.71	NVS	Novartis AG ADR	Pair Corr
0.69	TLK	Telkom Indonesia Tbk	Pair Corr
0.68	GRFS	Grifols SA ADR	Pair Corr
0.56	KG	KING PHARMACEUTICALS INC Symbol Change	Pair Corr
0.55	SEER	Seer Inc	Pair Corr
0.5	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.47	GSK	GlaxoSmithKline PLC ADR	Pair Corr
0.43	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.43	PPERF	Bank Mandiri Persero	Pair Corr
0.38	MIRA	MIRA Pharmaceuticals,	Pair Corr
0.36	GILD	Gilead Sciences	Pair Corr
0.36	BKRKF	PT Bank Rakyat	Pair Corr
0.33	PPERY	Bank Mandiri Persero	Pair Corr
0.7	VST	Vistra Energy Corp	Pair Corr
0.65	IBM	International Business	Pair Corr
0.64	STRT	Strattec Security	Pair Corr
0.64	MSFT	Microsoft Sell-off Trend	Pair Corr
0.57	GE	GE Aerospace	Pair Corr
0.53	HL	Hecla Mining Aggressive Push	Pair Corr
0.53	CAT	Caterpillar	Pair Corr
0.52	DIS	Walt Disney	Pair Corr
0.52	BAC	Bank of America Aggressive Push	Pair Corr
0.51	VCIGF	Vitreous Glass	Pair Corr
0.48	EBS	Emergent Biosolutions Downward Rally	Pair Corr
0.47	SPNS	Sapiens International	Pair Corr
0.46	BA	Boeing	Pair Corr

Related Correlations Analysis

	IGI	PLAY	SE	GMOYF	RDCM	BKHA	GETY	AMP
IGI		0.42	0.39	0.16	0.53	0.26	0.06	0.5	IGI
PLAY	0.42		0.58	0.33	0.6	0.76	0.17	0.73	PLAY
SE	0.39	0.58		0.71	0.92	0.54	0.28	0.88	SE
GMOYF	0.16	0.33	0.71		0.66	0.28	0.64	0.6	GMOYF
RDCM	0.53	0.6	0.92	0.66		0.58	0.19	0.92	RDCM
BKHA	0.26	0.76	0.54	0.28	0.58		0.08	0.64	BKHA
GETY	0.06	0.17	0.28	0.64	0.19	0.08		0.28	GETY
AMP	0.5	0.73	0.88	0.6	0.92	0.64	0.28		AMP
	IGI	PLAY	SE	GMOYF	RDCM	BKHA	GETY	AMP

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Risk-Adjusted Indicators

There is a big difference between MiMedx Stock performing well and MiMedx 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 MiMedx'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
IGI	0.37	(0.02)	(0.14)	(0.01)	0.63	(0.34)	0.74	(0.96)	2.22
PLAY	3.32	1.01	0.31	1.05	2.41	(3.81)	9.24	(4.58)	22.33
SE	2.20	0.11	0.04	0.18	3.52	(2.06)	3.26	(4.68)	18.71
GMOYF	0.60	0.00	0.00	0.00	0.00	0.00	2.04	0.00	10.17
RDCM	2.28	0.22	0.07	0.36	2.49	(2.45)	5.42	(4.28)	12.44
BKHA	0.12	0.01	(0.16)	(0.64)	0.18	(0.27)	0.19	(0.28)	3.09
GETY	3.45	(0.01)	0.01	0.10	4.45	(3.73)	6.91	(6.91)	23.43
AMP	1.39	0.06	0.04	0.14	2.25	(1.44)	2.96	(2.89)	14.51

MiMedx Corporate Management

Matthew Notarianni	Head Relations	Profile
Todd Newton	Interim Director	Profile
William Phelan	VP Officer	Profile
Kimberly MaerskMoller	Chief Officer	Profile
Kim Moller	Chief Officer	Profile
Rebeccah Brown	Vice Affairs	Profile

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