DexCom Correlations

DXCM Stock

USD 80.04 4.22 5.57%

The current 90-days correlation between DexCom Inc and Insulet is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DexCom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DexCom Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

DexCom Correlation With Market

Modest diversification

The correlation between DexCom Inc and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DexCom Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DexCom 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 main economic indicators.

Moving together with DexCom Stock

0.84	EW	Edwards Lifesciences Corp	Pair Corr
0.84	GH	Guardant Health	Pair Corr
0.64	LH	Laboratory	Pair Corr
0.61	MD	Mednax Inc	Pair Corr
0.81	OM	Outset Medical	Pair Corr
0.71	DOCS	Doximity	Pair Corr
0.71	VEEV	Veeva Systems Class	Pair Corr
0.81	VREX	Varex Imaging Corp	Pair Corr
0.66	ECOR	Electrocore LLC	Pair Corr
0.75	VVOS	Vivos Therapeutics	Pair Corr
0.86	ELMD	Electromed	Pair Corr
0.78	EMBC	Embecta Corp	Pair Corr
0.65	ENOV	Enovis Corp	Pair Corr
0.65	WORX	Scworx Corp	Pair Corr
0.61	XAIR	Beyond Air	Pair Corr

Moving against DexCom Stock

0.86	DRIO	DarioHealth Corp	Pair Corr
0.81	EKSO	Ekso Bionics Holdings	Pair Corr
0.72	EDAP	EDAP TMS SA	Pair Corr
0.65	FIGS	Figs Inc	Pair Corr
0.62	VERO	Venus Concept	Pair Corr
0.54	CI	Cigna Corp	Pair Corr
0.54	ELAB	Elevai Labs, Common Buyout Trend	Pair Corr
0.45	ENSG	Ensign Group	Pair Corr
0.85	ALC	Alcon AG	Pair Corr
0.82	CYH	Community Health Systems	Pair Corr
0.81	BDX	Becton Dickinson	Pair Corr
0.79	BAX	Baxter International	Pair Corr
0.79	DHR	Danaher	Pair Corr
0.78	AMN	AMN Healthcare Services Sell-off Trend	Pair Corr
0.78	CNC	Centene Corp Sell-off Trend	Pair Corr
0.77	AGL	agilon health	Pair Corr
0.71	BKD	Brookdale Senior Living	Pair Corr
0.7	COO	Cooper Companies,	Pair Corr

Related Correlations Analysis

	TNDM	INSP	SWAV	PEN	PODD	IART	SENS	EW	INMD
TNDM		0.81	-0.22	-0.77	-0.59	-0.73	0.33	-0.44	-0.67	TNDM
INSP	0.81		-0.14	-0.73	-0.65	-0.6	0.13	-0.49	-0.52	INSP
SWAV	-0.22	-0.14		0.01	0.01	0.13	-0.41	-0.43	0.06	SWAV
PEN	-0.77	-0.73	0.01		0.88	0.91	-0.09	0.64	0.75	PEN
PODD	-0.59	-0.65	0.01	0.88		0.83	-0.15	0.58	0.73	PODD
IART	-0.73	-0.6	0.13	0.91	0.83		-0.22	0.45	0.82	IART
SENS	0.33	0.13	-0.41	-0.09	-0.15	-0.22		0.28	-0.29	SENS
EW	-0.44	-0.49	-0.43	0.64	0.58	0.45	0.28		0.37	EW
INMD	-0.67	-0.52	0.06	0.75	0.73	0.82	-0.29	0.37		INMD
	TNDM	INSP	SWAV	PEN	PODD	IART	SENS	EW	INMD

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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

IART	+ 0.91	PEN
PODD	+ 0.88	PEN
IART	+ 0.83	PODD
INMD	+ 0.82	IART
INSP	+ 0.81	TNDM
INMD	+ 0.75	PEN

High negative correlations

PEN	- 0.77	TNDM
PEN	- 0.73	INSP
IART	- 0.73	TNDM
INMD	- 0.67	TNDM
PODD	- 0.65	INSP
IART	- 0.6	INSP

Risk-Adjusted Indicators

There is a big difference between DexCom Stock performing well and DexCom 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 DexCom'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
TNDM	2.79	(0.29)	0.00	(0.26)	0.00	0.00	6.14	(6.23)	14.41
INSP	2.07	(0.19)	0.00	(0.10)	0.00	0.00	4.84	(5.11)	11.93
SWAV	1.68	0.05	0.02	0.66	2.04	(1.98)	3.76	(3.16)	16.22
PEN	1.57	0.28	0.16	0.37	1.50	(1.82)	4.02	(2.56)	11.81
PODD	1.12	0.17	0.14	0.30	0.92	(1.49)	3.26	(1.72)	12.33
IART	2.18	0.37	0.15	0.35	2.03	(2.49)	3.54	(3.78)	31.15
SENS	3.66	0.46	0.09	(2.06)	3.54	(6.22)	7.32	(6.67)	23.99
EW	1.19	0.16	0.11	0.44	1.10	(1.29)	3.14	(1.58)	8.58
INMD	2.04	(0.07)	0.00	(0.01)	0.00	0.00	3.95	(5.21)	14.30

DexCom Corporate Management

Shelly Selvaraj	Senior Officer	Profile
Leverne Marsh	Executive Marketing	Profile
Matthew Dolan	Corporate Strategy	Profile
Teri Lawver	Executive Officer	Profile
Donald Abbey	Quality Services	Profile
Jereme Sylvain	CFO VP	Profile

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