LeMaitre Vascular, Inc. (LMAT) — Stock Correlations & Overview
Over the past year, LMAT has moved most closely with PODD, RCON, USNA. Explore the stocks most correlated and inversely correlated with LMAT below, along with its price, financials, and company profile.
Stocks correlated with LMAT
Correlation of daily returns. Higher positive values move with LMAT; negative values move opposite it. Informational only, not investment advice.
Most correlated with LMAT
| Symbol | Company | Correlation |
|---|---|---|
| PODD | Insulet CorporationSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.55 |
| RCON | Recon Technology, Ltd. Class A Ordinary SharesOIL & GAS FIELD SERVICES, NEC | 0.54 |
| USNA | USANA Health Sciences IncMEDICINAL CHEMICALS & BOTANICAL PRODUCTS | 0.53 |
| LMB | Limbach Holdings, Inc Common StockCONSTRUCTION - SPECIAL TRADE CONTRACTORS | 0.49 |
| CHCT | Community Healthcare Trust Incorporated Common Stock, $0.01 par value per shareREAL ESTATE INVESTMENT TRUSTS | 0.48 |
Most inversely correlated with LMAT
| Symbol | Company | Correlation |
|---|---|---|
| GTE | Gran Tierra Energy Inc.CRUDE PETROLEUM & NATURAL GAS | -0.34 |
| WTTR | Select Water Solutions, Inc.OIL & GAS FIELD SERVICES, NEC | -0.29 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.28 |
| SDD | ProShares UltraShort SmallCap600 | -0.28 |
| SBB | ProShares Short SmallCap600 | -0.27 |
Frequently asked questions about LMAT correlations
- Which stocks are most correlated with LMAT?
- Based on one year of daily returns, the stocks most correlated with LeMaitre Vascular, Inc. (LMAT) are PODD (0.55), RCON (0.54) and USNA (0.53). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with LMAT?
- Over the past year, the stocks most inversely correlated with LeMaitre Vascular, Inc. (LMAT) are GTE (-0.34), WTTR (-0.29) and HDGE (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these LMAT correlations calculated?
- We compute the correlation of daily returns between LMAT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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