Correlation Between Anteris Technologies and DocGo

Can any of the company-specific risk be diversified away by investing in both Anteris Technologies and DocGo at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Anteris Technologies and DocGo into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Anteris Technologies Global and DocGo Inc, you can compare the effects of market volatilities on Anteris Technologies and DocGo and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Anteris Technologies with a short position of DocGo. Check out your portfolio center. Please also check ongoing floating volatility patterns of Anteris Technologies and DocGo.

Diversification Opportunities for Anteris Technologies and DocGo

0.59

Correlation Coefficient

Anteris Technologies  DocGo

Very weak diversification

The 3 months correlation between Anteris and DocGo is 0.59. Overlapping area represents the amount of risk that can be diversified away by holding Anteris Technologies Global and DocGo Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on DocGo Inc and Anteris Technologies is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Anteris Technologies Global are associated (or correlated) with DocGo. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DocGo Inc has no effect on the direction of Anteris Technologies i.e., Anteris Technologies and DocGo go up and down completely randomly.

Pair Corralation between Anteris Technologies and DocGo

Considering the 90-day investment horizon Anteris Technologies Global is expected to generate 0.98 times more return on investment than DocGo. However, Anteris Technologies Global is 1.02 times less risky than DocGo. It trades about -0.01 of its potential returns per unit of risk. DocGo Inc is currently generating about -0.12 per unit of risk. If you would invest  571.00  in Anteris Technologies Global on September 16, 2025 and sell it today you would lose (73.00) from holding Anteris Technologies Global or give up 12.78% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

Anteris Technologies Global  vs.  DocGo Inc

Anteris Technologies

Risk-Adjusted Performance

Weakest

Over the last 90 days Anteris Technologies Global has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, Anteris Technologies is not utilizing all of its potentials. The newest stock price agitation, may contribute to short-term losses for the retail investors.

DocGo Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days DocGo Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's technical and fundamental indicators remain very healthy which may send shares a bit higher in January 2026. The recent disarray may also be a sign of long period up-swing for the firm investors.

Pair Trading with Anteris Technologies and DocGo

The main advantage of trading using opposite Anteris Technologies and DocGo positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Anteris Technologies position performs unexpectedly, DocGo can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DocGo will offset losses from the drop in DocGo's long position.

The idea behind Anteris Technologies Global and DocGo Inc pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.