CNMD CONMED Corporation

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

CNMD vs XHE

Both indexed to 100 at 2026-05-11.

CNMD XHE · range 91–152 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

XHE State Street SPDR S&P Health Care Equipment ETF

ρ +0.65beyond mkt +0.42holdout +0.67stable 100%robust

GMED GLOBUS MEDICAL INC

ρ +0.56beyond mkt +0.33holdout +0.64stable 100%robust

ENOV Enovis Corporation

ρ +0.57beyond mkt +0.33holdout +0.58stable 100%robust

IART Integra LifeSciences Holdings Corporation Common Stock

ρ +0.58beyond mkt +0.32holdout +0.50stable 100%robust

IHI iShares U.S. Medical Devices ETF

ρ +0.55beyond mkt +0.31holdout +0.65stable 100%robust

SYK Stryker Corporation

ρ +0.49beyond mkt +0.29holdout +0.59stable 100%robust

No day-to-day relationship, but 5- or 10-day returns move together.

PH Parker-Hannifin Corporation

horizon 10dρ +0.38holdout +0.37stable 62%moderate

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

VSAT ViaSat, Inc. Common Stock

Δ -0.61recent -0.45prior +0.16beyond mkt -0.04

CTRI Centuri Holdings, Inc.

Δ -0.55recent -0.38prior +0.17beyond mkt +0.02

MSM MSC Industrial Direct Co., Inc. Class A

Δ -0.53recent -0.18prior +0.35beyond mkt +0.01

PH Parker-Hannifin Corporation

Δ -0.53recent -0.20prior +0.32beyond mkt +0.04

BELFB Bel Fuse Inc. Class B Common Stock

Δ -0.52recent -0.36prior +0.16beyond mkt -0.01

QVMT Invesco S&P 500 Concentrated QVM ETF

Δ -0.51recent -0.16prior +0.35beyond mkt -0.01

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared	isolation
XHE State Street SPDR S&P Health Care Equipment ETF	+0.42	+0.65	17