Stratasys Correlations

SSYS Stock

USD 10.84 0.19 1.72%

The current 90-days correlation between Stratasys and 3D Systems is 0.47 (i.e., Very weak diversification). The correlation of Stratasys 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.

Stratasys Correlation With Market

Very weak diversification

The correlation between Stratasys and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stratasys and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Stratasys Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stratasys. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

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

Moving together with Stratasys Stock

0.85	CDW	CDW Corp	Pair Corr
0.79	LPL	LG Display Earnings Call This Week	Pair Corr
0.86	VSH	Vishay Intertechnology	Pair Corr
0.79	LASR	nLIGHT Inc	Pair Corr
0.84	LITE	Lumentum Holdings	Pair Corr
0.8	NTGR	NETGEAR	Pair Corr
0.68	RGTIW	Rigetti Computing Trending	Pair Corr
0.7	QBTS	D Wave Quantum Aggressive Push	Pair Corr
0.75	QUBT	Quantum Computing Aggressive Push	Pair Corr
0.74	RDWR	Radware	Pair Corr
0.69	RGTI	Rigetti Computing Trending	Pair Corr
0.83	AAOI	Applied Opt	Pair Corr
0.78	ADTN	ADTRAN Inc	Pair Corr
0.87	AVNW	Aviat Networks	Pair Corr
0.81	CIEN	Ciena Corp	Pair Corr
0.85	CRNT	Ceragon Networks	Pair Corr
0.87	CSCO	Cisco Systems	Pair Corr
0.8	MU	Micron Technology	Pair Corr
0.83	MX	MagnaChip Semiconductor	Pair Corr
0.77	ON	ON Semiconductor	Pair Corr
0.92	VRRM	Verra Mobility Corp	Pair Corr
0.64	ENLV	Enlivex Therapeutics	Pair Corr
0.91	ADI	Analog Devices	Pair Corr
0.8	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.82	ARM	Arm Holdings plc	Pair Corr
0.79	FRGE	Forge Global Holdings	Pair Corr
0.9	GFS	Globalfoundries	Pair Corr

Moving against Stratasys Stock

0.55	IMTE	Integrated Media Tec Tech Boost	Pair Corr
0.33	QMCO	Quantum	Pair Corr
0.49	FRGT	Freight Technologies	Pair Corr
0.47	ARQQW	Arqit Quantum Warrants	Pair Corr

Related Correlations Analysis

	NNDM	DDD	PRLB	VIVS	MTLS
NNDM		0.44	0.23	0.47	0.04	NNDM
DDD	0.44		0.0	0.44	-0.1	DDD
PRLB	0.23	0.0		-0.11	0.49	PRLB
VIVS	0.47	0.44	-0.11		-0.14	VIVS
MTLS	0.04	-0.1	0.49	-0.14		MTLS
	NNDM	DDD	PRLB	VIVS	MTLS

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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

MTLS	+ 0.49	PRLB
VIVS	+ 0.47	NNDM
DDD	+ 0.44	NNDM
VIVS	+ 0.44	DDD
PRLB	+ 0.23	NNDM
MTLS	+ 0.04	NNDM

High negative correlations

MTLS	- 0.14	VIVS
VIVS	- 0.11	PRLB
MTLS	- 0.1	DDD
PRLB	- 0.0	DDD

Risk-Adjusted Indicators

There is a big difference between Stratasys Stock performing well and Stratasys 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 Stratasys' 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
NNDM	1.95	(0.02)	0.00	0.11	2.18	(2.56)	4.73	(3.70)	14.14
DDD	4.28	(0.10)	0.01	0.09	6.86	(4.79)	7.93	(6.80)	41.46
PRLB	1.52	0.14	0.10	0.23	1.51	(1.57)	3.79	(2.60)	12.51
VIVS	3.31	0.16	0.04	0.30	3.60	(4.07)	12.74	(6.94)	23.19
MTLS	2.03	0.26	0.14	0.33	1.82	(2.46)	3.70	(3.48)	18.16

Stratasys Corporate Management

Yonah Lloyd	CCO Relations	Profile
Omer Krieger	Exec Devel	Profile
Yossi Azarzar	Chief Officer	Profile
Yonah JD	CCO Relations	Profile
Nava Kazaz	Chief Officer	Profile
Vered Jacob	Chief Officer	Profile

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