Pair Trades for ESTA (NASDAQ) - Establishment Labs Holdings Inc
Pair Trades are recommended against US Stocks, ETFs or Funds (min. 1+ Year Historical Data and ≥300k Daily Trading Volume)Sector Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| QDEL nasdaq | 93.4% | -2.72 | Health Care Supplies |
| ICUI nasdaq | 92.5% | -7.94 | Health Care Supplies |
| DARE nasdaq | 88.0% | -10.63 | Health Care Supplies |
| STAA nasdaq | 82.1% | -5.75 | Health Care Supplies |
| BLFS nasdaq | 80.7% | -6.12 | Health Care Supplies |
| EMBC nasdaq | 77.6% | -4.40 | Health Care Supplies |
| XRAY nasdaq | 69.9% | -2.11 | Health Care Supplies |
| CERS nasdaq | 68.8% | -4.25 | Health Care Supplies |
| SENS nyse mkt | 58.3% | -2.10 | Health Care Supplies |
Sector Anti-Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| RXST nasdaq | -40.5% | 2.06 | Health Care Supplies |
| OSUR nasdaq | -24.6% | 2.44 | Health Care Supplies |
| WST nyse | -24.3% | -0.24 | Health Care Supplies |
| SIBN nasdaq | 24.4% | -4.31 | Health Care Supplies |
Overall Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| ILMN nasdaq | 95.4% | -6.21 | Life Sciences Tools.. |
| MRVI nasdaq | 94.7% | -9.82 | Life Sciences Tools.. |
| MCRB nasdaq | 94.7% | -14.40 | Biotechnology |
| QDEL nasdaq | 93.4% | -2.72 | Health Care Supplies |
| TMCI nasdaq | 93.2% | -10.94 | Health Care Equipmen.. |
| ICUI nasdaq | 92.5% | -7.94 | Health Care Supplies |
| NVST nyse | 91.7% | -3.64 | Health Care Equipmen.. |
| CDMO nasdaq | 91.5% | -10.52 | Biotechnology |
| PHR nyse | 91.5% | -6.99 | Health Care Technolo.. |
| CPSI nasdaq | 90.9% | -9.35 | Health Care Technolo.. |
| PROK nasdaq | 90.9% | -17.96 | Biotechnology |
| TVTX nasdaq | 90.7% | -8.19 | Biotechnology |
| FNA nyse | 90.2% | -5.36 | Health Care Equipmen.. |
| PCRX nasdaq | 89.7% | -3.37 | Pharmaceuticals |
| AGTI nyse | 88.6% | -8.57 | Health Care Equipmen.. |
| FBIO nasdaq | 88.3% | -10.47 | Biotechnology |
| RVNC nasdaq | 88.3% | -15.08 | Pharmaceuticals |
| PODD nasdaq | 88.1% | -4.15 | Health Care Equipmen.. |
| PTCT nasdaq | 88.0% | -4.47 | Biotechnology |
| TDOC nyse | 88.0% | -3.10 | Health Care Technolo.. |
| DARE nasdaq | 88.0% | -10.63 | Health Care Supplies |
| CANO nyse | 87.7% | -26.22 | Health Care Faciliti.. |
| RMD nyse | 87.5% | -3.16 | Health Care Equipmen.. |
| OM nasdaq | 87.4% | -14.32 | Health Care Equipmen.. |
| BFLY nyse | 87.1% | -8.65 | Health Care Equipmen.. |
Overall Anti-Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| LFMD nasdaq | -88.3% | 12.68 | Health Care Equipmen.. |
| DERM nasdaq | -88.2% | 13.46 | Biotechnology |
| BWAY nasdaq | -87.5% | 10.13 | Health Care Equipmen.. |
| IMVT nasdaq | -87.4% | 7.32 | Biotechnology |
| IONS nasdaq | -83.6% | 2.93 | Biotechnology |
| MCK nyse | -83.1% | 1.46 | Health Care Distribu.. |
| OLMA nasdaq | -82.8% | 8.52 | Biotechnology |
| MYO nyse mkt | -82.4% | 20.12 | Health Care Equipmen.. |
| LLY nyse | -82.3% | 2.70 | Pharmaceuticals |
| MREO nasdaq | -81.2% | 6.59 | Biotechnology |
| NUVL nasdaq | -80.6% | 5.45 | Biotechnology |
| CRNX nasdaq | -80.5% | 5.16 | Biotechnology |
| JUPW nasdaq | -80.0% | 25.75 | Biotechnology |
| CBAY nasdaq | -78.6% | 7.50 | Pharmaceuticals |
| NVO nyse | -78.4% | 2.03 | Pharmaceuticals |
| PNT nasdaq | -78.1% | 4.63 | Biotechnology |
| AMRX nyse | -77.6% | 5.81 | Pharmaceuticals |
| MOH nyse | -77.5% | 2.16 | Managed Health Care |
| APLT nasdaq | -77.1% | 6.02 | Biotechnology |
| INSM nasdaq | -77.0% | 4.29 | Biotechnology |
| IDYA nasdaq | -76.8% | 3.30 | Biotechnology |
| TALK nasdaq | -76.4% | 6.81 | Health Care Equipmen.. |
| BHVN nyse | -76.1% | 5.15 | Biotechnology |
| PETQ nasdaq | -73.1% | 2.68 | Health Care Distribu.. |
| CAH nyse | -73.0% | 2.25 | Health Care Distribu.. |