Pair Trades for ESTA - Establishment Labs Holdings

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. Str. Sector
RXST nasdaq 79.6% -1611.56 Health Care Supplies
STAA nasdaq 60.7% -2027.26 Health Care Supplies

Sector Anti-Correlations (Top 20)

Symbol Correlation Rel. Str. Sector
NEOG nasdaq -73.6% -1793 Health Care Supplies
QDEL nasdaq -71.8% -2297 Health Care Supplies
SIBN nasdaq -57.6% -1806 Health Care Supplies
OSUR nasdaq -51.8% -3247 Health Care Supplies
SENS nyse mkt -37.5% -1495 Health Care Supplies
XRAY nasdaq -30.9% -2934 Health Care Supplies
AVNS nyse -18.1% -1279 Health Care Supplies
CERS nasdaq -8.20% -1310 Health Care Supplies
BLCO nyse 1.50% 791 Health Care Supplies
WST nyse 4.40% -300 Health Care Supplies
MMSI nasdaq 14.7% 1456 Health Care Supplies
LNTH nasdaq 18.0% 2854 Health Care Supplies
HAE nyse 18.8% -471 Health Care Supplies

Overall Correlations (Top 30)

Symbol Correlation Rel. Str. Sector
SYRE nasdaq 85.3% 328 Biotechnology
CATX nyse mkt 85.2% -2801 Health Care Equipmen..
VKTX nasdaq 83.8% 7237 Biotechnology
OCGN nasdaq 81.9% 2389 Biotechnology
CGEM nasdaq 81.1% 401 Biotechnology
GBIO nasdaq 81.0% -4219 Biotechnology
ATOS nasdaq 80.5% -10.8 Health Care Equipmen..

Overall Anti-Correlations (Top 30)

Symbol Correlation Rel. Str. Sector
LGVN nasdaq -82.8% -6820 Biotechnology
AUPH nasdaq -80.9% -484 Biotechnology
AMPH nasdaq -79.1% -2240 Pharmaceuticals
REVB nasdaq -78.1% -7649 Biotechnology
SINT nasdaq -77.0% -5844 Health Care Equipmen..
PACB nasdaq -76.0% -4476 Life Sciences Tools..
QTI nasdaq -75.8% -414 Asset Management & C..
NARI nasdaq -75.2% 1974 Health Care Equipmen..
ANTX nasdaq -74.9% -7493 Biotechnology
EVOK nasdaq -74.5% -3663 Pharmaceuticals
RNAZ nasdaq -74.5% -7827 Biotechnology
MHUA nasdaq -74.2% -4257 Health Care Equipmen..
CERO nasdaq -73.9% - Biotechnology
GRI nasdaq -73.8% -7795 Biotechnology
NEOG nasdaq -73.6% -1793 Health Care Supplies
SBFM nasdaq -73.4% -7934 Biotechnology
CNMD nyse -72.5% -2394 Health Care Equipmen..
IMRX nasdaq -72.3% -5572 Biotechnology
CMAX nasdaq -72.1% -2721 Health Care Equipmen..
QDEL nasdaq -71.8% -2297 Health Care Supplies
GRFS nasdaq -71.2% -922 Biotechnology
IMVT nasdaq -70.8% -3620 Biotechnology
PETS nasdaq -70.6% -218 Other Specialty Reta..
NLSP nasdaq -70.6% -6961 Biotechnology
FLGT nasdaq -70.5% -2153 Health Care Services