sotnkρ +0.75beyond mkt +0.55holdout +0.80stable 100%robust
GMED GLOBUS MEDICAL INC
- Last close
- 71.05
- 504-day return
- -5.11%
- Median $/day
- $93.2M
- Relationships shown
- 9
together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture
GMED vs XHE
Both indexed to 100 at 2026-05-11.
Moves with GMED
Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").
ρ +0.71beyond mkt +0.50holdout +0.77stable 100%robust
ρ +0.55beyond mkt +0.38holdout +0.72stable 100%robust
ρ +0.56beyond mkt +0.37holdout +0.66stable 100%robust
ρ +0.55beyond mkt +0.36holdout +0.64stable 100%robust
ρ +0.55beyond mkt +0.36holdout +0.66stable 100%robust
Moves against GMED
Weekly, not daily
No day-to-day relationship, but 5- or 10-day returns move together.
horizon 10dρ +0.37holdout +0.34stable 75%robust
Changed this quarter
Biggest shifts in same-day correlation over the last 63 trading days versus the year before.
Δ -0.64recent -0.24prior +0.40beyond mkt +0.00
Δ -0.62recent -0.10prior +0.52beyond mkt +0.20
Δ -0.57recent -0.47prior +0.11beyond mkt -0.08
Δ -0.55recent -0.37prior +0.17beyond mkt +0.02
Δ -0.53recent -0.31prior +0.22beyond mkt +0.10
Δ -0.52recent -0.31prior +0.21beyond mkt +0.10
Hidden links
Strong beyond-the-market co-movement with few shared neighbours.
| Symbol | beyond mkt | raw ρ | shared | isolation |
|---|---|---|---|---|
| HTEC ROBO Global Healthcare Technology and Innovation ETF | +0.35 | +0.63 | 7 | |
| IHI iShares U.S. Medical Devices ETF | +0.50 | +0.71 | 15 | |
| ISRG Intuitive Surgical, Inc. Common Stock | +0.36 | +0.55 | 15 | |
| SYK Stryker Corporation | +0.37 | +0.56 | 18 | |
| ZBH Zimmer Biomet Holdings, Inc. | +0.36 | +0.55 | 18 | |
| ATEC Alphatec Holdings, Inc. Common Stock | +0.36 | +0.55 | 19 |