SSYS vs TDOC: Correlation
Stratasys, Ltd. (SSYS) and Teladoc Health, Inc. (TDOC) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SSYS and TDOC?
On 3 years of weekly data the SSYS/TDOC correlation comes out at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 1408.1 %².
By 3-year correlation, TDOC places #4 of the 11 assets tracked against SSYS. Over the last 12 months TDOC came out ahead by 9.9 percentage points (-27.7% against -17.8%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
SSYS vs TDOC: side by side
| SSYS (Stratasys, Ltd.) | TDOC (Teladoc Health, Inc.) | |
|---|---|---|
| 1-year return | -27.7% | -17.8% |
| 5-year return | -61.1% | -95.6% |
| Volatility (ann.) | 50.7% | 58.1% |
| Beta vs S&P 500 | 1.38 | 1.55 |
| Max drawdown (3Y) | -58.4% | -80.5% |
| Market cap | $0.7B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SSYS | TDOC |
|---|---|---|
| 2022 | -51.6% | -74.2% |
| 2023 | +20.4% | -8.9% |
| 2024 | -37.7% | -57.8% |
| 2025 | -2.4% | -23.0% |
| 2026 | -8.1% | -9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SSYS and TDOC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between SSYS and TDOC?
The SSYS/TDOC correlation stands at 0.48 on a 3-year window (1 year: 0.38, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is TDOC a good diversifier for SSYS?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SSYS correlations · TDOC correlations
