CVRx Correlations

CVRX Stock

USD 8.07 0.22 2.65%

The current 90-days correlation between CVRx Inc and Neuropace is -0.01 (i.e., Good diversification). The correlation of CVRx 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.

CVRx Correlation With Market

Modest diversification

The correlation between CVRx Inc and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CVRx Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CVRx Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVRx Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with CVRx Stock

0.68	VSEE	VSee Health,	Pair Corr
0.67	ECOR	Electrocore LLC	Pair Corr

Moving against CVRx Stock

0.35	MD	Mednax Inc	Pair Corr
0.33	VTAK	Catheter Precision	Pair Corr
0.55	EHAB	Enhabit	Pair Corr
0.41	ABT	Abbott Laboratories	Pair Corr
0.32	ENSG	Ensign Group Earnings Call Today	Pair Corr
0.38	MMSI	Merit Medical Systems Earnings Call This Week	Pair Corr

Related Correlations Analysis

	NPCE	INGN	SRDX	LUNG	APYX	TMCI	SGHT	JBIO	CTKB
NPCE		-0.52	-0.34	0.06	-0.34	0.27	-0.15	-0.2	-0.62	NPCE
INGN	-0.52		0.12	0.15	0.09	0.12	-0.03	0.27	0.69	INGN
SRDX	-0.34	0.12		-0.23	0.55	-0.55	0.31	-0.09	-0.02	SRDX
LUNG	0.06	0.15	-0.23		-0.84	0.58	-0.64	0.77	0.41	LUNG
APYX	-0.34	0.09	0.55	-0.84		-0.68	0.65	-0.57	-0.19	APYX
TMCI	0.27	0.12	-0.55	0.58	-0.68		-0.71	0.21	0.31	TMCI
SGHT	-0.15	-0.03	0.31	-0.64	0.65	-0.71		-0.46	-0.13	SGHT
JBIO	-0.2	0.27	-0.09	0.77	-0.57	0.21	-0.46		0.45	JBIO
CTKB	-0.62	0.69	-0.02	0.41	-0.19	0.31	-0.13	0.45		CTKB
	NPCE	INGN	SRDX	LUNG	APYX	TMCI	SGHT	JBIO	CTKB

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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

JBIO	+ 0.77	LUNG
CTKB	+ 0.69	INGN
SGHT	+ 0.65	APYX
TMCI	+ 0.58	LUNG
APYX	+ 0.55	SRDX
CTKB	+ 0.45	JBIO

High negative correlations

APYX	- 0.84	LUNG
SGHT	- 0.71	TMCI
TMCI	- 0.68	APYX
SGHT	- 0.64	LUNG
CTKB	- 0.62	NPCE
JBIO	- 0.57	APYX

Risk-Adjusted Indicators

There is a big difference between CVRx Stock performing well and CVRx 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 CVRx'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
NPCE	3.10	(0.02)	0.00	4.45	0.00	0.00	5.22	(5.92)	48.86
INGN	2.27	(0.29)	0.00	(0.07)	0.00	0.00	5.60	(4.94)	18.59
SRDX	1.40	0.18	0.01	1.29	1.88	(1.48)	3.18	(2.03)	15.01
LUNG	3.92	(0.84)	0.00	(0.20)	0.00	0.00	7.78	(8.35)	27.26
APYX	6.09	1.53	0.26	2.00	4.73	(8.27)	16.82	(7.76)	58.64
TMCI	2.26	(0.37)	0.00	(0.08)	0.00	0.00	4.17	(5.56)	14.27
SGHT	3.38	0.28	0.08	0.33	4.50	(3.67)	7.36	(4.92)	25.67
JBIO	5.71	(1.43)	0.00	(2.88)	0.00	0.00	8.71	(11.99)	91.52
CTKB	3.33	(0.41)	0.00	(0.03)	0.00	0.00	6.20	(6.77)	28.87

CVRx Corporate Management

RN MBA	Reimbursement, Access	Profile
Tonya SPHR	Chief Officer	Profile
Jared Oasheim	Chief Officer	Profile
Paul Verrastro	Chief Officer	Profile
Craig Palmer	Senior Sales	Profile

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