Si Bone Correlations

SIBN Stock

USD 14.28 0.19 1.31%

The current 90-days correlation between Si Bone and Orthopediatrics Corp is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Si Bone moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Si Bone moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

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

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Moving together with SIBN Stock

0.72	DH	Definitive Healthcare Earnings Call Shortly	Pair Corr
0.9	LH	Laboratory Buyout Trend	Pair Corr
0.63	MD	Mednax Inc Earnings Call Shortly	Pair Corr
0.73	DOCS	Doximity	Pair Corr
0.88	DXCM	DexCom Inc	Pair Corr
0.83	VNRX	Volitionrx	Pair Corr
0.8	VREX	Varex Imaging Corp Earnings Call Shortly	Pair Corr
0.93	ECOR	Electrocore LLC Earnings Call Shortly	Pair Corr
0.72	VVOS	Vivos Therapeutics	Pair Corr
0.85	EDAP	EDAP TMS SA	Pair Corr
0.69	EKSO	Ekso Bionics Holdings	Pair Corr
0.76	ELAB	Elevai Labs, Common	Pair Corr
0.68	ELMD	Electromed Earnings Call Shortly	Pair Corr
0.61	EMBC	Embecta Corp Earnings Call Shortly	Pair Corr
0.74	ENOV	Enovis Corp Earnings Call Shortly	Pair Corr
0.68	WORX	Scworx Corp	Pair Corr
0.79	FIGS	Figs Inc	Pair Corr
0.65	AHG	Akso Health Group	Pair Corr
0.79	AMN	AMN Healthcare Services Earnings Call Shortly	Pair Corr
0.62	AMS	American Shared Hospital	Pair Corr
0.68	XAIR	Beyond Air	Pair Corr
0.64	BDX	Becton Dickinson Earnings Call Shortly	Pair Corr

Moving against SIBN Stock

0.79	CI	Cigna Corp Earnings Call Shortly	Pair Corr
0.88	COR	Cencora	Pair Corr
0.78	AGL	agilon health Earnings Call Shortly	Pair Corr
0.71	FLGT	Fulgent Genetics Earnings Call Shortly	Pair Corr
0.68	CAH	Cardinal Health Earnings Call Shortly	Pair Corr
0.61	BKD	Brookdale Senior Living Earnings Call Shortly	Pair Corr
0.59	CVS	CVS Health Corp	Pair Corr
0.53	CHE	Chemed Corp	Pair Corr
0.33	DXR	Daxor	Pair Corr

Related Correlations Analysis

	NUVA	CNMD	KIDS	LUNG	IRMD	OFIX	NPCE	ITGR	SGHT	RPID
NUVA		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NUVA
CNMD	0.0		0.72	0.28	0.79	0.92	0.74	0.77	0.14	0.06	CNMD
KIDS	0.0	0.72		0.52	0.36	0.77	0.33	0.37	0.03	0.16	KIDS
LUNG	0.0	0.28	0.52		-0.08	0.51	0.23	0.0	-0.28	0.4	LUNG
IRMD	0.0	0.79	0.36	-0.08		0.74	0.7	0.91	0.37	0.12	IRMD
OFIX	0.0	0.92	0.77	0.51	0.74		0.69	0.78	0.13	0.33	OFIX
NPCE	0.0	0.74	0.33	0.23	0.7	0.69		0.73	0.05	0.11	NPCE
ITGR	0.0	0.77	0.37	0.0	0.91	0.78	0.73		0.33	0.22	ITGR
SGHT	0.0	0.14	0.03	-0.28	0.37	0.13	0.05	0.33		-0.12	SGHT
RPID	0.0	0.06	0.16	0.4	0.12	0.33	0.11	0.22	-0.12		RPID
	NUVA	CNMD	KIDS	LUNG	IRMD	OFIX	NPCE	ITGR	SGHT	RPID

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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

OFIX	+ 0.92	CNMD
ITGR	+ 0.91	IRMD
IRMD	+ 0.79	CNMD
ITGR	+ 0.78	OFIX
ITGR	+ 0.77	CNMD
OFIX	+ 0.77	KIDS

High negative correlations

SGHT	- 0.28	LUNG
RPID	- 0.12	SGHT
IRMD	- 0.08	LUNG
ITGR	- 0.0	LUNG
RPID	- 0.0	NUVA
SGHT	- 0.0	NUVA

Risk-Adjusted Indicators

There is a big difference between SIBN Stock performing well and Si Bone 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 Si Bone'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
NUVA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CNMD	2.11	(0.27)	0.00	(0.39)	0.00	0.00	3.52	(4.88)	17.37
KIDS	2.01	(0.14)	0.00	(0.29)	0.00	0.00	5.02	(3.90)	22.11
LUNG	3.53	(0.18)	0.00	0.21	0.00	0.00	6.22	(6.65)	45.56
IRMD	1.47	(0.06)	0.00	(0.22)	0.00	0.00	3.16	(3.21)	11.55
OFIX	1.63	(0.26)	0.00	(0.42)	0.00	0.00	2.21	(3.53)	10.88
NPCE	3.41	(0.28)	0.00	0.40	0.00	0.00	5.80	(8.73)	18.94
ITGR	1.47	(0.26)	0.00	0.76	0.00	0.00	2.20	(3.96)	11.21
SGHT	4.27	0.39	0.08	0.23	4.67	(4.95)	12.44	(6.93)	26.26
RPID	6.81	1.47	0.20	0.62	5.97	(8.37)	21.64	(12.30)	47.40

Si Bone Corporate Management

Troy Wahlenmaier	Senior Sales	Profile
Anshul Maheshwari	Chief Officer	Profile
Aimee Einstein	Vice Culture	Profile
Daniel Cher	Senior Affairs	Profile
Michael Pisetsky	General Counsel and Chief Compliance Officer	Profile

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