Co-movers

daily closes · 500dMethod

Moved together

BVSwithSYK

×0.15co-movement · SYK on BVS · 500d

r 0.31scale to r 0.75

Shared co-movers1with BVSwith SYK

MMSIMerit Medical Systems Incr 0.34r 0.50

BVS, solidSYK, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

BVSBioventus Inc.

10.66−6.70%· post 10.66

Mkt cap$962.3MRevenue$142MQ3 FY26Revenue$568MFY25

SYKStryker Corp

333.92−1.69%· post 334.98

ClosedNov 5 '26

Mkt cap$129.3BRevenue$6.5BQ3 FY26Revenue$25.1BFY25

vs

Compare

ClosedNov 5 '26

BVSBioventus Inc.

vs

SYKStryker Corp

10.66−6.70%post 10.66

Price

333.92−1.69%post 334.98

$962.3M

Mkt cap

$129.3B

Q3 FY26$142M

Revenue

$6.5BQ3 FY26

FY25$568M

Revenue

$25.1BFY25

BVS compared with SYK: revenue, margins and what each company keeps, and the suppliers and customers both name