STE STERIS plc

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

STE vs IHI

Both indexed to 100 at 2026-05-11.

STE IHI · range 99–127 · 2026-05-11 → 2026-11-06

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

IHI iShares U.S. Medical Devices ETF

ρ +0.69beyond mkt +0.46holdout +0.78stable 100%robust

XHE State Street SPDR S&P Health Care Equipment ETF

ρ +0.62beyond mkt +0.38holdout +0.71stable 100%robust

BDX Becton, Dickinson and Co.

ρ +0.62beyond mkt +0.32holdout +0.68stable 100%robust

SYK Stryker Corporation

ρ +0.58beyond mkt +0.32holdout +0.70stable 100%robust

IDXX IDEXX Laboratories, Inc. Common Stock

ρ +0.56beyond mkt +0.32holdout +0.65stable 100%robust

COO The Cooper Companies, Inc. Common Stock

ρ +0.59beyond mkt +0.31holdout +0.70stable 100%robust

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

AVT Avnet, Inc. Common Stock

Δ -0.70recent -0.48prior +0.22beyond mkt +0.05

ARW Arrow Electronics, Inc.

Δ -0.69recent -0.47prior +0.22beyond mkt +0.04

QVMT Invesco S&P 500 Concentrated QVM ETF

Δ -0.69recent -0.37prior +0.31beyond mkt -0.08

VSH Vishay Intertechnology, Inc.

Δ -0.68recent -0.52prior +0.16beyond mkt -0.01

SMTC Semtech Corporation Common Stock

Δ -0.66recent -0.59prior +0.07beyond mkt -0.03

IPGP IPG Photonics Corporation Common Stock

Δ -0.66recent -0.42prior +0.24beyond mkt +0.17

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	+0.38	+0.62	13
IHI iShares U.S. Medical Devices ETF	+0.46	+0.69	20