Cutera Correlations

CUTR Stock

USD 0.49 0.03 6.52%

The current 90-days correlation between Cutera Inc and Inogen Inc is -0.11 (i.e., Good diversification). The correlation of Cutera 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.

Cutera Correlation With Market

Modest diversification

The correlation between Cutera Inc and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cutera Inc 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 Cutera 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 estimate.

Moving together with Cutera Stock

0.73	VERO	Venus Concept	Pair Corr
0.9	EKSO	Ekso Bionics Holdings	Pair Corr
0.63	ELAB	Elevai Labs, Common	Pair Corr
0.77	FLGT	Fulgent Genetics	Pair Corr
0.89	AGL	agilon health	Pair Corr
0.94	ALC	Alcon AG	Pair Corr
0.87	AMN	AMN Healthcare Services	Pair Corr
0.87	BAX	Baxter International	Pair Corr
0.77	BDX	Becton Dickinson Sell-off Trend	Pair Corr

Moving against Cutera Stock

0.84	VREX	Varex Imaging Corp	Pair Corr
0.84	ELMD	Electromed	Pair Corr
0.81	LH	Laboratory	Pair Corr
0.81	MD	Mednax Inc	Pair Corr
0.8	OM	Outset Medical	Pair Corr
0.78	DOCS	Doximity	Pair Corr
0.76	GH	Guardant Health	Pair Corr
0.74	ECOR	Electrocore LLC	Pair Corr
0.71	DXCM	DexCom Inc Sell-off Trend	Pair Corr
0.62	ENOV	Enovis Corp	Pair Corr
0.51	ABT	Abbott Laboratories Sell-off Trend	Pair Corr
0.49	VEEV	Veeva Systems Class Earnings Call This Week	Pair Corr
0.39	EUDA	EUDA Health Holdings	Pair Corr
0.37	VVOS	Vivos Therapeutics	Pair Corr
0.34	WORX	Scworx Corp	Pair Corr
0.87	CAH	Cardinal Health	Pair Corr
0.86	SYK	Stryker	Pair Corr
0.85	FOXO	FOXO Technologies	Pair Corr
0.76	XAIR	Beyond Air	Pair Corr
0.75	BSX	Boston Scientific Corp Sell-off Trend	Pair Corr
0.74	WGS	GeneDx Holdings Corp	Pair Corr
0.7	COR	Cencora	Pair Corr
0.53	VMD	Viemed Healthcare	Pair Corr

Related Correlations Analysis

	NPCE	INGN	SRDX	LUNG	APYX	CVRX	HSKA	OFIX	NUVA	CNMD
NPCE		0.15	0.52	-0.17	0.72	0.62	0.1	0.77	0.58	0.54	NPCE
INGN	0.15		0.61	0.45	0.19	-0.2	-0.88	0.2	0.51	0.54	INGN
SRDX	0.52	0.61		0.34	0.33	-0.12	-0.49	0.3	0.6	0.57	SRDX
LUNG	-0.17	0.45	0.34		-0.26	-0.36	-0.36	-0.22	0.02	0.58	LUNG
APYX	0.72	0.19	0.33	-0.26		0.56	0.09	0.72	0.34	0.3	APYX
CVRX	0.62	-0.2	-0.12	-0.36	0.56		0.42	0.84	0.3	0.32	CVRX
HSKA	0.1	-0.88	-0.49	-0.36	0.09	0.42		0.07	-0.43	-0.32	HSKA
OFIX	0.77	0.2	0.3	-0.22	0.72	0.84	0.07		0.53	0.54	OFIX
NUVA	0.58	0.51	0.6	0.02	0.34	0.3	-0.43	0.53		0.58	NUVA
CNMD	0.54	0.54	0.57	0.58	0.3	0.32	-0.32	0.54	0.58		CNMD
	NPCE	INGN	SRDX	LUNG	APYX	CVRX	HSKA	OFIX	NUVA	CNMD

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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	+ 0.84	CVRX
OFIX	+ 0.77	NPCE
APYX	+ 0.72	NPCE
OFIX	+ 0.72	APYX
CVRX	+ 0.62	NPCE
SRDX	+ 0.61	INGN

High negative correlations

HSKA	- 0.88	INGN
HSKA	- 0.49	SRDX
NUVA	- 0.43	HSKA
HSKA	- 0.36	LUNG
CVRX	- 0.36	LUNG
CNMD	- 0.32	HSKA

Risk-Adjusted Indicators

There is a big difference between Cutera Stock performing well and Cutera 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 Cutera'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	3.44	0.30	0.13	0.26	3.01	(4.11)	9.73	(6.19)	35.38
INGN	1.94	(0.56)	0.00	(0.33)	0.00	0.00	3.57	(4.81)	22.50
SRDX	0.48	(0.06)	0.00	(0.03)	0.00	0.00	1.26	(1.01)	3.22
LUNG	3.18	(0.38)	0.00	(0.07)	0.00	0.00	8.44	(6.89)	20.44
APYX	3.53	0.34	0.08	0.62	3.37	(4.76)	10.00	(6.45)	32.02
CVRX	3.84	0.75	0.16	1.49	3.48	(4.66)	10.68	(8.22)	41.08
HSKA	1.18	0.58	0.81	3.73	0.00	(1.25)	3.63	(0.71)	21.36
OFIX	1.86	0.03	0.04	0.15	2.06	(2.07)	3.90	(3.85)	12.11
NUVA	1.23	(0.03)	0.00	(2.18)	0.00	0.00	3.31	(2.75)	7.19
CNMD	1.90	(0.04)	(0.01)	0.09	2.35	(1.95)	4.56	(3.84)	10.92

Cutera Corporate Management

Rohan Seth	Chief Officer	Profile
Sheila Hopkins	Consultant	Profile
Anne Werdan	Director Relations	Profile
Steve Kreider	Senior Marketing	Profile

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