Co-movers

daily closes · 501dMethod

Moved together

SYKwithBVS

×0.66co-movement · BVS on SYK · 501d

r 0.31scale to r 0.75

Shared co-movers1with SYKwith BVS

MMSIMerit Medical Systems Incr 0.50r 0.34

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

SYKStryker Corp

333.92−1.69%· post 334.98

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

BVSBioventus Inc.

10.66−6.70%· post 10.66

ClosedNov 5 '26

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

vs

Compare

ClosedNov 5 '26

SYKStryker Corp

vs

BVSBioventus Inc.

333.92−1.69%post 334.98

Price

10.66−6.70%post 10.66

$129.3B

Mkt cap

$962.3M

Q3 FY26$6.5B

Revenue

$142MQ3 FY26

FY25$25.1B

Revenue

$568MFY25

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