OraSure Technologies Correlations

OSUR Stock

USD 3.84 0.01 0.26%

The current 90-days correlation between OraSure Technologies and AtriCure is 0.27 (i.e., Modest diversification). The correlation of OraSure Technologies 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.

OraSure Technologies Correlation With Market

Very weak diversification

The correlation between OraSure Technologies and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OraSure Technologies and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OraSure Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

To learn how to invest in OraSure Stock, please use our How to Invest in OraSure Technologies guide.

Moving together with OraSure Stock

0.68	CNC	Centene Corp Sell-off Trend	Pair Corr
0.69	ELV	Elevance Health Fiscal Year End 22nd of January 2025	Pair Corr
0.78	MOH	Molina Healthcare	Pair Corr
0.61	TFX	Teleflex Incorporated	Pair Corr
0.7	XTNT	Xtant Medical Holdings	Pair Corr
0.75	GCTK	GlucoTrack	Pair Corr
0.73	ZJYL	JIN MEDICAL INTERNATIONAL	Pair Corr
0.84	MASS	908 Devices	Pair Corr
0.78	MXCT	MaxCyte	Pair Corr
0.61	NEOG	Neogen Sell-off Trend	Pair Corr
0.71	ACET	Adicet Bio Buyout Trend	Pair Corr
0.69	SNDA	Sonida Senior Living	Pair Corr

Moving against OraSure Stock

0.66	LNSR	LENSAR Inc	Pair Corr
0.61	WGS	GeneDx Holdings Corp	Pair Corr
0.55	VMD	Viemed Healthcare	Pair Corr
0.54	VREX	Varex Imaging Corp	Pair Corr
0.54	CAH	Cardinal Health	Pair Corr
0.33	XAIR	Beyond Air	Pair Corr
0.33	MBOT	Microbot Medical	Pair Corr
0.67	ESPR	Esperion Therapeutics	Pair Corr
0.6	RDNT	RadNet Inc	Pair Corr
0.51	OMIC	Singular Genomics Systems	Pair Corr
0.49	BLCO	Bausch Lomb Corp	Pair Corr
0.44	TMCI	Treace Medical Concepts	Pair Corr
0.44	DRUG	Bright Minds Biosciences	Pair Corr
0.38	MMSI	Merit Medical Systems	Pair Corr
0.37	ATEC	Alphatec Holdings Buyout Trend	Pair Corr

Related Correlations Analysis

	AKYA	ATRC	ATRI	ICUI	HAE	MMSI	ANGO	ATR	NVST
AKYA		-0.05	-0.39	0.76	-0.23	-0.34	-0.21	0.21	-0.15	AKYA
ATRC	-0.05		0.29	-0.06	0.66	0.83	-0.11	0.83	0.86	ATRC
ATRI	-0.39	0.29		-0.59	0.25	0.24	0.01	0.2	0.25	ATRI
ICUI	0.76	-0.06	-0.59		-0.18	-0.23	-0.22	0.2	-0.1	ICUI
HAE	-0.23	0.66	0.25	-0.18		0.74	0.0	0.53	0.63	HAE
MMSI	-0.34	0.83	0.24	-0.23	0.74		0.17	0.53	0.8	MMSI
ANGO	-0.21	-0.11	0.01	-0.22	0.0	0.17		-0.4	0.05	ANGO
ATR	0.21	0.83	0.2	0.2	0.53	0.53	-0.4		0.71	ATR
NVST	-0.15	0.86	0.25	-0.1	0.63	0.8	0.05	0.71		NVST
	AKYA	ATRC	ATRI	ICUI	HAE	MMSI	ANGO	ATR	NVST

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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

NVST	+ 0.86	ATRC
MMSI	+ 0.83	ATRC
ATR	+ 0.83	ATRC
NVST	+ 0.8	MMSI
ICUI	+ 0.76	AKYA
MMSI	+ 0.74	HAE

High negative correlations

ICUI	- 0.59	ATRI
ATR	- 0.4	ANGO
ATRI	- 0.39	AKYA
MMSI	- 0.34	AKYA
MMSI	- 0.23	ICUI
HAE	- 0.23	AKYA

Risk-Adjusted Indicators

There is a big difference between OraSure Stock performing well and OraSure Technologies 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 OraSure Technologies' 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
AKYA	3.85	(0.34)	0.00	(0.03)	0.00	0.00	8.59	(4.96)	40.94
ATRC	1.80	0.43	0.24	0.50	1.37	(2.13)	4.67	(3.12)	23.09
ATRI	0.39	(0.02)	0.00	(0.36)	0.00	0.00	0.94	(1.35)	6.29
ICUI	1.26	(0.15)	0.00	(0.03)	0.00	0.00	2.77	(2.50)	10.44
HAE	1.48	0.21	0.08	1.08	1.31	(1.76)	4.24	(2.10)	14.50
MMSI	0.87	0.09	0.03	0.30	0.77	(0.95)	2.11	(1.23)	6.42
ANGO	2.12	(0.01)	0.00	0.13	0.00	0.00	3.71	(4.03)	18.73
ATR	0.70	0.12	0.06	0.30	0.88	(0.75)	1.47	(1.37)	7.86
NVST	1.87	0.28	0.09	11.42	1.73	(2.22)	3.96	(2.68)	13.77

OraSure Technologies Corporate Management

CFA CFA	Strategy Devel	Profile
Jason Plagman	Vice Relations	Profile
Amy Steigerwalt	Senior Resources	Profile
Stefano Taucer	General Secretary	Profile
David CFA	Strategy Development	Profile

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