Tela Competitors
| TELA Stock | USD 0.72 0.08 10.00% |
Tela Bio vs Equillium Correlation
Excellent diversification
The correlation between Tela Bio and EQ is -0.63 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tela Bio and EQ in the same portfolio, assuming nothing else is changed.
Moving together with Tela Stock
| 0.72 | IL3 | Integra LifeSciences Earnings Call This Week | PairCorr |
| 0.86 | EW | Edwards Lifesciences Corp | PairCorr |
Moving against Tela Stock
| 0.91 | HYB | HOYA | PairCorr |
| 0.79 | EKSO | Ekso Bionics Holdings | PairCorr |
| 0.76 | VREX | Varex Imaging Corp | PairCorr |
| 0.74 | EDAP | EDAP TMS SA | PairCorr |
| 0.55 | DXCM | DexCom Inc | PairCorr |
Tela Bio Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Tela Bio 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 Tela 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 Tela Bio 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 Tela Stock performing well and Tela Bio 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 Tela Bio'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MDAI | 2.92 | (0.11) | 0.00 | (0.03) | 0.00 | 5.84 | 17.06 | |||
| ICCM | 2.22 | (0.30) | 0.00 | 0.81 | 0.00 | 3.28 | 14.72 | |||
| CUE | 5.64 | (0.91) | 0.00 | (2.72) | 0.00 | 9.68 | 50.98 | |||
| NRXP | 3.87 | (0.20) | 0.00 | 0.78 | 0.00 | 7.34 | 19.22 | |||
| CTSO | 3.45 | (0.05) | 0.00 | 0.04 | 3.95 | 7.94 | 29.40 | |||
| SRTS | 2.79 | (0.15) | 0.00 | (0.04) | 0.00 | 7.45 | 31.96 | |||
| COEP | 3.18 | (0.62) | 0.00 | (3.57) | 0.00 | 7.44 | 28.94 | |||
| OTLK | 5.85 | (1.81) | 0.00 | (1.60) | 0.00 | 11.32 | 72.05 | |||
| SPRB | 4.90 | (1.13) | 0.00 | (0.83) | 0.00 | 8.53 | 36.59 | |||
| EQ | 4.99 | 0.95 | 0.15 | 0.91 | 5.18 | 18.89 | 43.07 |
Cross Equities Net Income Analysis
Compare Tela Bio and related stocks such as Spectral AI, Icecure Medical, and Cue Biopharma Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) |
| SRTS | 107.6 K | 107.6 K | 107.6 K | 107.6 K | (3.7 M) | (237.3 K) | (346.4 K) | (3.7 M) | (2 M) | (1.7 M) | (6.8 M) | 4.1 M | 24.2 M | 485 K | 6.6 M | (7.7 M) | (7.3 M) |
| EQ | (2.3 M) | (2.3 M) | (2.3 M) | (2.3 M) | (2.3 M) | (2.3 M) | (2.3 M) | (2.3 M) | (13.2 M) | (25.6 M) | (29.8 M) | (39 M) | (62.4 M) | (13.3 M) | (8.1 M) | (7.3 M) | (7.6 M) |
Tela Bio and related stocks such as Spectral AI, Icecure Medical, and Cue Biopharma Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Tela Bio financial statement analysis. It represents the amount of money remaining after all of Tela Bio operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Tela Bio Competitive Analysis
The better you understand Tela Bio competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Tela Bio'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 Tela Bio'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 |
Tela Bio Competition Performance Charts
Five steps to successful analysis of Tela Bio Competition
Tela Bio'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 Tela Bio in relation to its competition. Tela Bio's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Tela Bio 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 Tela Bio's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Tela Bio, 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 Tela Bio position
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Entities that are involved in raising capital, merging with and acquiring companies, and investing in private equity through leveraged buyouts. The SPAC theme has 25 constituents at this time.
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Check out Tela Bio Correlation with its peers. For information on how to trade Tela Stock refer to our How to Trade Tela Stock guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tela Bio. If investors know Tela will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Tela Bio assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Earnings Share (0.83) | Revenue Per Share | Quarterly Revenue Growth 0.091 | Return On Assets | Return On Equity |
The market value of Tela Bio is measured differently than its book value, which is the value of Tela that is recorded on the company's balance sheet. Investors also form their own opinion of Tela Bio's value that differs from its market value or its book value, called intrinsic value, which is Tela Bio's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tela Bio's market value can be influenced by many factors that don't directly affect Tela Bio's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tela Bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tela Bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. Meanwhile, Tela Bio's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.
