Artivion Correlations

AORT Stock

USD 29.05 0.39 1.36%

The current 90-days correlation between Artivion and ZimVie Inc is 0.43 (i.e., Very weak diversification). The correlation of Artivion 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.

Artivion Correlation With Market

Poor diversification

The correlation between Artivion and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artivion and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Artivion. 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.

For more information on how to buy Artivion Stock please use our How to Invest in Artivion guide.

Moving together with Artivion Stock

0.65	LH	Laboratory	Pair Corr
0.86	MD	Mednax Inc	Pair Corr
0.72	OM	Outset Medical	Pair Corr
0.64	DOCS	Doximity Sell-off Trend	Pair Corr
0.84	VREX	Varex Imaging Corp	Pair Corr
0.69	ELMD	Electromed	Pair Corr
0.61	BSX	Boston Scientific Corp	Pair Corr
0.74	WGS	GeneDx Holdings Corp	Pair Corr
0.75	LNSR	LENSAR Inc	Pair Corr
0.68	OFIX	Orthofix Medical	Pair Corr
0.69	TCMD	Tactile Systems Tech	Pair Corr
0.7	BWAY	Brainsway	Pair Corr

Moving against Artivion Stock

0.75	EKSO	Ekso Bionics Holdings	Pair Corr
0.57	CI	Cigna Corp	Pair Corr
0.57	VERO	Venus Concept	Pair Corr
0.52	IRIX	IRIDEX	Pair Corr
0.48	LIFWW	MSP Recovery	Pair Corr
0.31	KIDS	Orthopediatrics Corp	Pair Corr
0.67	TNDM	Tandem Diabetes Care	Pair Corr
0.67	ME	23Andme Holding	Pair Corr
0.6	VALN	Valneva SE ADR	Pair Corr
0.34	ALGN	Align Technology	Pair Corr

Related Correlations Analysis

	ABT	MDT	DXCM	EW	ZBH	ZIMV	SNN
ABT		-0.01	0.5	0.47	0.03	-0.48	-0.51	ABT
MDT	-0.01		-0.4	-0.12	-0.42	0.11	0.45	MDT
DXCM	0.5	-0.4		0.67	0.37	-0.55	-0.54	DXCM
EW	0.47	-0.12	0.67		0.27	-0.19	-0.1	EW
ZBH	0.03	-0.42	0.37	0.27		0.04	-0.28	ZBH
ZIMV	-0.48	0.11	-0.55	-0.19	0.04		0.78	ZIMV
SNN	-0.51	0.45	-0.54	-0.1	-0.28	0.78		SNN
	ABT	MDT	DXCM	EW	ZBH	ZIMV	SNN

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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

SNN	+ 0.78	ZIMV
EW	+ 0.67	DXCM
DXCM	+ 0.5	ABT
EW	+ 0.47	ABT
SNN	+ 0.45	MDT
ZBH	+ 0.37	DXCM

High negative correlations

ZIMV	- 0.55	DXCM
SNN	- 0.54	DXCM
SNN	- 0.51	ABT
ZIMV	- 0.48	ABT
ZBH	- 0.42	MDT
DXCM	- 0.4	MDT

Risk-Adjusted Indicators

There is a big difference between Artivion Stock performing well and Artivion 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 Artivion'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
ABT	0.80	0.05	(0.04)	0.27	0.86	(0.89)	1.40	(1.29)	5.90
MDT	0.77	(0.08)	0.00	(0.09)	0.00	0.00	1.73	(1.80)	5.69
DXCM	1.54	0.10	0.01	0.53	1.54	(1.83)	4.17	(2.44)	8.17
EW	1.17	0.03	(0.04)	0.24	1.46	(1.17)	2.42	(1.73)	8.56
ZBH	1.04	(0.09)	0.00	(0.05)	0.00	0.00	1.66	(1.83)	9.43
ZIMV	1.54	(0.41)	0.00	(0.20)	0.00	0.00	2.51	(3.32)	8.41
SNN	1.13	(0.30)	0.00	(0.79)	0.00	0.00	1.69	(3.83)	14.73

Artivion Corporate Management

Daniel Bevevino	Independent Director	Profile
Jean Holloway	Senior Vice President Chief Compliance Officer, General Counsel, Secretary	Profile
Jon Salveson	Independent Director	Profile
Andrew Green	Vice President - Regulatory Affairs	Profile
Thomas Ackerman	Independent Director	Profile
Rochelle Maney	Vice President - Global Quality Assurance	Profile

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