EDAP TMS Correlations

EDAP Stock

USD 4.13 0.14 3.51%

The current 90-days correlation between EDAP TMS SA and Pulmonx Corp is 0.12 (i.e., Average diversification). The correlation of EDAP TMS is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

EDAP TMS Correlation With Market

Very poor diversification

The correlation between EDAP TMS SA and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EDAP TMS SA and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with EDAP Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EDAP TMS SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with EDAP Stock

0.88	HYB	HOYA	Pair Corr
0.74	DXCM	DexCom Inc	Pair Corr
0.87	VREX	Varex Imaging Corp	Pair Corr
0.62	ECOR	Electrocore LLC	Pair Corr
0.69	61R	GROUPE EUROMEDIS	Pair Corr
0.9	EKSO	Ekso Bionics Holdings	Pair Corr

Moving against EDAP Stock

0.83	IPD	Impedimed	Pair Corr
0.8	SI	Shoulder Innovations Earnings Call This Week	Pair Corr
0.77	IL3	Integra LifeSciences	Pair Corr
0.71	DYNT	Dynatronics	Pair Corr
0.7	56S1	Sartorius Stedim Biotech	Pair Corr
0.66	EW	Edwards Lifesciences Corp Sell-off Trend	Pair Corr
0.66	56S0	RENAUUNSPARD 15 EO	Pair Corr
0.51	VNRX	Volitionrx	Pair Corr
0.49	49Z	Cellink AB	Pair Corr
0.38	VERO	Venus Concept	Pair Corr
0.9	ELAB	Elevai Labs Common	Pair Corr
0.83	OTC	Ocumetics Technology Corp	Pair Corr
0.71	VVOS	Vivos Therapeutics	Pair Corr
0.66	VTAK	Catheter Precision	Pair Corr
0.52	GXI	Gerresheimer AG Earnings Call Tomorrow	Pair Corr
0.47	ELMD	Electromed	Pair Corr
0.47	OC5	Cochlear Limited	Pair Corr
0.46	BA3	Brooks Automation	Pair Corr
0.92	2DR	Inspire Medical Systems	Pair Corr
0.9	FEMY	Femasys	Pair Corr
0.89	XEJ	Accuray Incorporated	Pair Corr
0.88	EUDA	EUDA Health Holdings	Pair Corr
0.82	ENOV	Enovis Corp	Pair Corr
0.69	AHC	Austco Healthcare	Pair Corr

Related Correlations Analysis

	LUNG	HYPR	INCR	NSPR	FBIO	VANI	MDAI	VXRT	ACRV	PMVP
LUNG		-0.44	0.6	0.48	0.24	0.28	0.0	-0.63	0.74	0.13	LUNG
HYPR	-0.44		-0.53	-0.62	0.05	0.22	0.39	0.62	-0.49	-0.29	HYPR
INCR	0.6	-0.53		0.71	-0.43	0.44	0.06	-0.78	0.69	0.17	INCR
NSPR	0.48	-0.62	0.71		-0.17	0.05	-0.38	-0.73	0.57	0.34	NSPR
FBIO	0.24	0.05	-0.43	-0.17		-0.36	-0.2	0.2	-0.1	-0.14	FBIO
VANI	0.28	0.22	0.44	0.05	-0.36		0.62	-0.21	0.35	-0.14	VANI
MDAI	0.0	0.39	0.06	-0.38	-0.2	0.62		0.04	0.14	-0.19	MDAI
VXRT	-0.63	0.62	-0.78	-0.73	0.2	-0.21	0.04		-0.8	-0.03	VXRT
ACRV	0.74	-0.49	0.69	0.57	-0.1	0.35	0.14	-0.8		0.19	ACRV
PMVP	0.13	-0.29	0.17	0.34	-0.14	-0.14	-0.19	-0.03	0.19		PMVP
	LUNG	HYPR	INCR	NSPR	FBIO	VANI	MDAI	VXRT	ACRV	PMVP

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ACRV	+ 0.74	LUNG
NSPR	+ 0.71	INCR
ACRV	+ 0.69	INCR
VXRT	+ 0.62	HYPR
MDAI	+ 0.62	VANI
INCR	+ 0.6	LUNG

High negative correlations

ACRV	- 0.8	VXRT
VXRT	- 0.78	INCR
VXRT	- 0.73	NSPR
VXRT	- 0.63	LUNG
NSPR	- 0.62	HYPR
INCR	- 0.53	HYPR

Risk-Adjusted Indicators

There is a big difference between EDAP Stock performing well and EDAP TMS 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 EDAP TMS'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
LUNG	3.62	0.05	0.01	0.13	3.87	(4.20)	8.64	(6.07)	22.72
HYPR	3.57	0.02	0.01	0.06	3.87	(4.79)	8.77	(7.14)	18.91
INCR	2.95	(0.66)	0.00	(0.52)	0.00	0.00	6.06	(6.21)	18.96
NSPR	2.41	(0.26)	0.00	(0.14)	0.00	0.00	4.50	(5.82)	13.05
FBIO	3.56	0.21	0.06	0.12	4.31	(4.10)	10.11	(7.14)	29.21
VANI	2.79	(0.13)	0.00	(0.11)	0.00	0.00	6.78	(6.40)	18.98
MDAI	2.76	(0.15)	0.00	(0.10)	0.00	0.00	5.84	(6.87)	17.06
VXRT	4.76	1.41	0.19	0.96	5.97	(7.08)	14.29	(5.13)	75.42
ACRV	4.79	(0.25)	0.00	(0.16)	0.00	0.00	9.15	(9.09)	66.02
PMVP	3.44	0.41	0.11	5.56	3.17	(5.15)	7.55	(4.65)	18.21

EDAP TMS Corporate Management

Blandine Confort	Investor Relations Officer	Profile
Francois Dietsch	Global Officer	Profile
Ken Mobeck	Chief Officer	Profile
Frank Hyfte	VP Marketing	Profile
Carre Emmanuel	Chief Officer	Profile

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