STAAR Surgical Correlations

STAA Stock

USD 17.36 0.09 0.52%

The current 90-days correlation between STAAR Surgical and Repligen is 0.42 (i.e., Very weak diversification). The correlation of STAAR Surgical 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.

STAAR Surgical Correlation With Market

Very weak diversification

The correlation between STAAR Surgical and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding STAAR Surgical and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with STAAR Stock

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

For information on how to trade STAAR Stock refer to our How to Trade STAAR Stock guide.

Moving together with STAAR Stock

0.65	EDAP	EDAP TMS SA	Pair Corr
0.76	EMBC	Embecta Corp	Pair Corr

Moving against STAAR Stock

0.62	GH	Guardant Health	Pair Corr
0.62	VNRX	Volitionrx	Pair Corr
0.52	VEEV	Veeva Systems Class	Pair Corr
0.38	DH	Definitive Healthcare	Pair Corr
0.55	MDAI	Spectral AI	Pair Corr
0.4	FIGS	Figs Inc	Pair Corr
0.62	MODV	ModivCare	Pair Corr
0.34	MHUA	Meihua International	Pair Corr

Related Correlations Analysis

	RMD	WST	ICUI	MMSI	MBOT	BDX	COO	HOLX	RGEN	HAE
RMD		0.57	-0.36	0.09	0.41	-0.7	-0.47	0.57	-0.45	0.92	RMD
WST	0.57		-0.15	-0.04	0.02	-0.17	-0.44	0.74	-0.01	0.73	WST
ICUI	-0.36	-0.15		0.59	-0.01	0.22	0.59	-0.48	0.54	-0.36	ICUI
MMSI	0.09	-0.04	0.59		0.32	-0.19	0.37	-0.29	0.21	0.0	MMSI
MBOT	0.41	0.02	-0.01	0.32		-0.29	-0.02	0.1	-0.25	0.29	MBOT
BDX	-0.7	-0.17	0.22	-0.19	-0.29		0.35	-0.2	0.55	-0.57	BDX
COO	-0.47	-0.44	0.59	0.37	-0.02	0.35		-0.79	0.51	-0.55	COO
HOLX	0.57	0.74	-0.48	-0.29	0.1	-0.2	-0.79		-0.34	0.74	HOLX
RGEN	-0.45	-0.01	0.54	0.21	-0.25	0.55	0.51	-0.34		-0.45	RGEN
HAE	0.92	0.73	-0.36	0.0	0.29	-0.57	-0.55	0.74	-0.45		HAE
	RMD	WST	ICUI	MMSI	MBOT	BDX	COO	HOLX	RGEN	HAE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

HAE	+ 0.92	RMD
HOLX	+ 0.74	WST
HAE	+ 0.74	HOLX
HAE	+ 0.73	WST
MMSI	+ 0.59	ICUI
COO	+ 0.59	ICUI

High negative correlations

HOLX	- 0.79	COO
BDX	- 0.7	RMD
HAE	- 0.57	BDX
HAE	- 0.55	COO
HOLX	- 0.48	ICUI
COO	- 0.47	RMD

Risk-Adjusted Indicators

There is a big difference between STAAR Stock performing well and STAAR Surgical 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 STAAR Surgical'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
RMD	0.82	0.19	0.21	0.42	0.42	(1.08)	1.46	(1.14)	12.16
WST	1.44	(0.14)	(0.07)	0.00	1.78	(1.64)	3.00	(3.46)	8.74
ICUI	1.68	(0.32)	0.00	(0.19)	0.00	0.00	3.69	(3.98)	11.56
MMSI	1.17	(0.27)	0.00	(0.21)	0.00	0.00	2.53	(2.15)	14.94
MBOT	3.49	0.04	0.02	0.16	4.38	(3.61)	7.41	(6.67)	28.21
BDX	1.21	(0.30)	0.00	(0.20)	0.00	0.00	1.82	(1.85)	19.80
COO	1.46	(0.22)	0.00	(0.12)	0.00	0.00	2.32	(2.52)	17.24
HOLX	1.41	0.00	0.01	0.13	1.60	(1.60)	2.48	(2.87)	16.64
RGEN	2.22	(0.32)	0.00	(0.06)	0.00	0.00	4.33	(5.78)	15.31
HAE	1.34	0.16	0.11	0.27	1.32	(1.54)	2.92	(2.42)	9.24

STAAR Surgical Corporate Management

Nancy Sabin	Chief Officer	Profile
Brian Moore	IR Contact Officer	Profile
Warren Foust	Chief Officer	Profile
Deborah Andrews	Interim Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC