Correlation Between Integer Holdings and TransMedics

Can any of the company-specific risk be diversified away by investing in both Integer Holdings and TransMedics 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 Integer Holdings and TransMedics into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Integer Holdings Corp and TransMedics Group, you can compare the effects of market volatilities on Integer Holdings and TransMedics 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 Integer Holdings with a short position of TransMedics. Check out your portfolio center. Please also check ongoing floating volatility patterns of Integer Holdings and TransMedics.

Diversification Opportunities for Integer Holdings and TransMedics

-0.57

Correlation Coefficient

Integer Holdings  TransMedics

Excellent diversification

The 3 months correlation between Integer and TransMedics is -0.57. Overlapping area represents the amount of risk that can be diversified away by holding Integer Holdings Corp and TransMedics Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on TransMedics Group and Integer Holdings 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 Integer Holdings Corp are associated (or correlated) with TransMedics. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of TransMedics Group has no effect on the direction of Integer Holdings i.e., Integer Holdings and TransMedics go up and down completely randomly.

Pair Corralation between Integer Holdings and TransMedics

Given the investment horizon of 90 days Integer Holdings Corp is expected to under-perform the TransMedics. In addition to that, Integer Holdings is 1.45 times more volatile than TransMedics Group. It trades about -0.13 of its total potential returns per unit of risk. TransMedics Group is currently generating about 0.05 per unit of volatility. If you would invest  11,605  in TransMedics Group on August 7, 2025 and sell it today you would earn a total of  841.00  from holding TransMedics Group or generate 7.25% return on investment over 90 days.

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

Integer Holdings Corp  vs.  TransMedics Group

Integer Holdings Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days Integer Holdings Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Even with weak performance in the last few months, the Stock's technical and fundamental indicators remain relatively invariable which may send shares a bit higher in December 2025. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

TransMedics Group

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in TransMedics Group are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak fundamental indicators, TransMedics may actually be approaching a critical reversion point that can send shares even higher in December 2025.

Pair Trading with Integer Holdings and TransMedics

The main advantage of trading using opposite Integer Holdings and TransMedics positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Integer Holdings position performs unexpectedly, TransMedics 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 TransMedics will offset losses from the drop in TransMedics' long position.

The idea behind Integer Holdings Corp and TransMedics Group 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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.