Baird Competitors
| BDMD Stock | 1.03 0.03 3.00% |
Baird Medical vs OnKure Therapeutics Correlation
Significant diversification
The correlation between Baird Medical Investment and OKUR is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baird Medical Investment and OKUR in the same portfolio, assuming nothing else is changed.
Moving together with Baird Stock
Moving against Baird Stock
| 0.7 | TLT | Theralase Technologies | PairCorr |
| 0.68 | IMR | Imricor Medical Systems | PairCorr |
| 0.65 | BKRKY | Bank Rakyat | PairCorr |
| 0.58 | EYE | Nova EYE Medical | PairCorr |
| 0.48 | CSX | Cleanspace Holdings | PairCorr |
Baird Medical Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Baird Medical and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Baird and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Baird Medical Investment does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Baird Stock performing well and Baird Medical Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Baird Medical's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ICCM | 2.35 | (0.39) | 0.00 | (0.32) | 0.00 | 4.35 | 14.09 | |||
| CTSO | 3.56 | (0.31) | 0.00 | (0.27) | 0.00 | 7.58 | 29.40 | |||
| NMTC | 3.62 | 0.11 | 0.04 | 0.08 | 3.81 | 9.59 | 23.46 | |||
| BEAT | 8.56 | 0.89 | 0.08 | 0.40 | 10.33 | 28.33 | 103.08 | |||
| ECOR | 3.91 | 0.51 | 0.14 | 0.26 | 3.69 | 10.17 | 31.20 | |||
| RBOT | 4.81 | (1.35) | 0.00 | (0.47) | 0.00 | 11.90 | 36.01 | |||
| FGEN | 2.66 | (0.20) | 0.00 | 0.70 | 0.00 | 4.33 | 28.75 | |||
| NOTV | 4.51 | (1.38) | 0.00 | (0.50) | 0.00 | 7.41 | 39.39 | |||
| BDSX | 6.11 | 1.01 | 0.17 | 14.54 | 5.34 | 19.87 | 62.04 | |||
| OKUR | 3.87 | (0.37) | 0.00 | (0.87) | 0.00 | 6.64 | 23.27 |
Cross Equities Net Income Analysis
Compare Baird Medical Investment and related stocks such as Icecure Medical, Cytosorbents Crp, and Neuroone Medical Tec Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ICCM | (4.6 M) | (4.6 M) | (4.6 M) | (4.6 M) | (4.7 M) | (3.8 M) | (3.3 M) | (2.9 M) | (3.5 M) | (4.8 M) | (4.8 M) | (10.1 M) | (17.2 M) | (14.7 M) | (15.3 M) | (13.8 M) | (13.1 M) |
| CTSO | (80 K) | (5.5 M) | (3.7 M) | (4.7 M) | (9.3 M) | (8.1 M) | (11.9 M) | (8.5 M) | (17.2 M) | (19.3 M) | (7.8 M) | (24.6 M) | (32.8 M) | (29.2 M) | (20.7 M) | (18.6 M) | (17.7 M) |
| NMTC | (6 K) | (14 K) | (14 K) | (30.6 K) | (36.2 K) | (62.9 K) | (47.8 K) | (6.8 M) | (6.8 M) | (13.6 M) | (9.9 M) | (10 M) | (11.9 M) | (12.3 M) | (3.6 M) | (3.2 M) | (3.4 M) |
| BEAT | (12.7 M) | (61.4 M) | (12.2 M) | (7.3 M) | (9.8 M) | 7.4 M | 53.4 M | (16 M) | 42.8 M | (778 K) | (1.3 M) | (4.4 M) | (12.8 M) | (14.6 M) | (19.4 M) | (22.4 M) | (21.2 M) |
| ECOR | (15.7 M) | (15.7 M) | (15.7 M) | (15.7 M) | (15.7 M) | (15.7 M) | (15.7 M) | (35.8 M) | (55.8 M) | (45.1 M) | (23.5 M) | (17.2 M) | (22.2 M) | (18.8 M) | (11.9 M) | (13.7 M) | (14.4 M) |
| RBOT | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (9.3 M) | (12.9 M) | (35.2 M) | 5.2 M | (71.1 M) | (63.2 M) | (56.9 M) | (54.1 M) |
| NOTV | 700 K | (6.4 M) | 773 K | (1.1 M) | 1.1 M | (3.2 M) | 884 K | (194 K) | (790 K) | (4.7 M) | 10.9 M | (337.3 M) | (105.1 M) | (108.4 M) | (68.6 M) | (61.8 M) | (58.7 M) |
| BDSX | (26.2 M) | (26.2 M) | (26.2 M) | (26.2 M) | (26.2 M) | (26.2 M) | (26.2 M) | (26.2 M) | (26.2 M) | (30.7 M) | (31.4 M) | (43.2 M) | (65.4 M) | (52.1 M) | (42.9 M) | (38.6 M) | (40.6 M) |
| OKUR | (19.5 M) | (19.5 M) | (19.5 M) | (19.5 M) | (19.5 M) | (19.5 M) | (19.5 M) | (19.5 M) | (19.5 M) | (19.5 M) | (19.5 M) | (39.8 M) | (29.5 M) | (35.3 M) | (52.7 M) | (47.4 M) | (49.8 M) |
Baird Medical Investment and related stocks such as Icecure Medical, Cytosorbents Crp, and Neuroone Medical Tec Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Baird Medical Investment financial statement analysis. It represents the amount of money remaining after all of Baird Medical Investment operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Baird Medical Competitive Analysis
The better you understand Baird Medical competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Baird Medical's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Baird Medical's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Baird Medical Competition Performance Charts
Five steps to successful analysis of Baird Medical Competition
Baird Medical's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Baird Medical Investment in relation to its competition. Baird Medical's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Baird Medical in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Baird Medical's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Baird Medical Investment, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Baird Medical Correlation with its peers. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Will Health Care Equipment & Supplies sector continue expanding? Could Baird diversify its offerings? Factors like these will boost the valuation of Baird Medical. Projected growth potential of Baird fundamentally drives upward valuation adjustments. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Baird Medical data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0) | Earnings Share (0.11) | Revenue Per Share | Quarterly Revenue Growth (0.39) | Return On Assets |
Baird Medical Investment's market price often diverges from its book value, the accounting figure shown on Baird's balance sheet. Smart investors calculate Baird Medical's intrinsic value—its true economic worth—which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Baird Medical's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between Baird Medical's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Baird Medical should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, Baird Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.