Electromed Competitors
| ELMD Stock | USD 24.26 0.95 4.08% |
Electromed vs Viemed Healthcare Correlation
Very weak diversification
The correlation between Electromed and VMD is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Electromed and VMD in the same portfolio, assuming nothing else is changed.
Moving against Electromed Stock
| 0.57 | OTC | Ocumetics Technology Corp | PairCorr |
| 0.43 | VNRX | Volitionrx | PairCorr |
| 0.42 | ELAB | Elevai Labs Common | PairCorr |
| 0.35 | VVOS | Vivos Therapeutics | PairCorr |
| 0.34 | DYNT | Dynatronics | PairCorr |
Electromed Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Electromed 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 Electromed 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 Electromed does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Electromed Stock performing well and Electromed 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 Electromed'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CATX | 5.20 | 1.47 | 0.23 | 1.18 | 5.01 | 8.14 | 77.44 | |||
| HSDT | 5.70 | (1.23) | 0.00 | (0.52) | 0.00 | 13.03 | 29.52 | |||
| NNOX | 4.03 | (0.36) | 0.00 | (0.17) | 0.00 | 9.44 | 36.87 | |||
| INGN | 1.88 | (0.31) | 0.00 | (0.38) | 0.00 | 4.40 | 19.47 | |||
| PROF | 3.13 | 0.11 | 0.04 | 0.13 | 3.44 | 7.37 | 19.12 | |||
| TLSI | 3.27 | 0.32 | 0.07 | 0.33 | 4.09 | 8.30 | 25.94 | |||
| OM | 5.39 | (1.50) | 0.00 | (1.97) | 0.00 | 9.51 | 48.47 | |||
| MXCT | 2.98 | (1.10) | 0.00 | (0.77) | 0.00 | 5.44 | 15.87 | |||
| INFU | 1.85 | (0.48) | 0.00 | (0.43) | 0.00 | 3.57 | 11.52 | |||
| VMD | 1.57 | 0.37 | 0.21 | 0.64 | 1.28 | 4.30 | 9.36 |
Cross Equities Net Income Analysis
Compare Electromed and related stocks such as Perspective Therapeutics, Helius Medical Techn, and Nano X Imaging Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CATX | (437.6 K) | (2.8 M) | (3.5 M) | (3.9 M) | (6 M) | (3.7 M) | (4.7 M) | (6.2 M) | (4.8 M) | (3.3 M) | (3.2 M) | (7.3 M) | (14.7 M) | (46.5 M) | (79.3 M) | (71.4 M) | (67.8 M) |
| HSDT | (8.5 M) | (8.5 M) | (8.5 M) | (1.1 M) | (9.8 M) | (6.9 M) | (6.9 M) | (28 M) | (28.6 M) | (9.8 M) | (14.1 M) | (18.1 M) | (14.1 M) | (8.8 M) | (11.7 M) | (10.6 M) | (11.1 M) |
| NNOX | (1.9 M) | (1.9 M) | (1.9 M) | (1.9 M) | (1.9 M) | (1.9 M) | (1.9 M) | (1.9 M) | (1.9 M) | (22.6 M) | (43.5 M) | (61.8 M) | (105.2 M) | (60.8 M) | (53.5 M) | (48.2 M) | (50.6 M) |
| INGN | (2 M) | (2 M) | 564 K | 25.4 M | 6.8 M | 11.6 M | 20.5 M | 21 M | 51.8 M | 20.9 M | (5.8 M) | (6.3 M) | (83.8 M) | (102.4 M) | (35.9 M) | (32.3 M) | (30.7 M) |
| PROF | (8.2 M) | (8.2 M) | (8.2 M) | (8.2 M) | (8.2 M) | (11.8 M) | (12.1 M) | (15 M) | (15.2 M) | (15.2 M) | (21.6 M) | (30.7 M) | (28.7 M) | (28.6 M) | (26.5 M) | (23.8 M) | (25 M) |
| TLSI | (28.8 M) | (28.8 M) | (28.8 M) | (28.8 M) | (28.8 M) | (28.8 M) | (28.8 M) | (28.8 M) | (28.8 M) | (28.8 M) | (28.8 M) | (28.8 M) | (47.2 M) | (59.4 M) | (33.2 M) | (29.9 M) | (31.4 M) |
| OM | (49.8 M) | (49.8 M) | (49.8 M) | (49.8 M) | (49.8 M) | (49.8 M) | (49.8 M) | (49.8 M) | (49.8 M) | (68.3 M) | (120.7 M) | (131.9 M) | (163 M) | (172.8 M) | (128 M) | (81.7 M) | (85.7 M) |
| MXCT | (2 M) | (2 M) | (2 M) | (958.2 K) | (1.8 M) | (1.4 M) | (3.3 M) | (9.9 M) | (8.9 M) | (12.9 M) | (11.8 M) | (19.1 M) | (23.6 M) | (37.9 M) | (41.1 M) | (36.9 M) | (35.1 M) |
| INFU | (24.8 K) | (45.4 M) | (1.5 M) | 1.7 M | 3.4 M | 3.7 M | (222 K) | (20.7 M) | (1.1 M) | 1.4 M | 17.3 M | 1.4 M | 18 K | 872 K | 2.3 M | 2.7 M | 2.8 M |
| VMD | 9.5 M | 9.5 M | 9.5 M | 9.5 M | 9.5 M | 8.9 M | 1.2 M | 8.2 M | 10.2 M | 8.5 M | 31.5 M | 9.1 M | 6.2 M | 10.2 M | 11.3 M | 13 M | 11.5 M |
Electromed and related stocks such as Perspective Therapeutics, Helius Medical Techn, and Nano X Imaging Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Electromed financial statement analysis. It represents the amount of money remaining after all of Electromed operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Electromed Competitive Analysis
The better you understand Electromed competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Electromed'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 Electromed'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 |
Electromed Competition Performance Charts
Five steps to successful analysis of Electromed Competition
Electromed'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 Electromed in relation to its competition. Electromed's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Electromed 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 Electromed's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Electromed, 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.
Complement your Electromed position
In addition to having Electromed in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run ESG Investing Thematic Idea Now
ESG Investing
Sustainable investments that promote the conservation of the natural world, social resposibility, freindly employees policies and strong governance. The ESG Investing theme has 51 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize ESG Investing Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Electromed Correlation with its peers. For information on how to trade Electromed Stock refer to our How to Trade Electromed Stock guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Will Health Care Equipment & Supplies sector continue expanding? Could Electromed diversify its offerings? Factors like these will boost the valuation of Electromed. Projected growth potential of Electromed fundamentally drives upward valuation adjustments. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Electromed data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth 0.455 | Earnings Share 1.03 | Revenue Per Share | Quarterly Revenue Growth 0.163 | Return On Assets |
Electromed's market price often diverges from its book value, the accounting figure shown on Electromed's balance sheet. Smart investors calculate Electromed'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 Electromed'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 Electromed's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Electromed should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, Electromed'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.