EDAP TMS Correlations

EDAP Stock

USD 4.73 0.73 18.25%

The current 90-days correlation between EDAP TMS SA and Pulmonx Corp is -0.02 (i.e., Good 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 0.86 (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	QIPT	Quipt Home Medical Earnings Call Tomorrow	Pair Corr
0.83	VMD	Viemed Healthcare	Pair Corr
0.84	4DX	4DMEDICAL	Pair Corr
0.73	TLT	Theralase Technologies	Pair Corr
0.68	PRN	Profound Medical Corp	Pair Corr
0.63	CREO	Creo Medical Group	Pair Corr
0.85	IMR	Imricor Medical Systems	Pair Corr
0.82	EYE	Nova EYE Medical	Pair Corr
0.82	AFW	Align Technology	Pair Corr
0.71	AFME	Affluent Medical SAS	Pair Corr

Moving against EDAP Stock

0.8	OTC	Ocumetics Technology Corp	Pair Corr
0.8	IHC	Inspiration Healthcare	Pair Corr
0.77	NTI	Neurotech International	Pair Corr
0.74	AHC	Austco Healthcare	Pair Corr
0.68	IVF	INVO Fertility Symbol Change	Pair Corr
0.59	RHT	Resonance Health	Pair Corr
0.38	EMV	Emvision Medical Devices	Pair Corr
0.34	2DR	Inspire Medical Systems Earnings Call This Week	Pair Corr
0.31	XTNT	Xtant Medical Holdings	Pair Corr
0.73	MLSS	Milestone Scientific	Pair Corr
0.68	TNONW	Tenon Medical Warrant	Pair Corr
0.68	NSPR	InspireMD	Pair Corr
0.62	NGMD	NuGen Medical Devices	Pair Corr
0.59	NVNO	enVVeno Medical Corp	Pair Corr
0.46	MMSI	Merit Medical Systems	Pair Corr
0.4	MBOT	Microbot Medical	Pair Corr

Related Correlations Analysis

	LUNG	HYPR	INCR	NSPR	FBIO	VANI	MDAI	VXRT	ACRV	PMVP
LUNG		-0.4	0.11	0.2	0.48	-0.1	-0.13	-0.32	0.45	-0.1	LUNG
HYPR	-0.4		-0.41	-0.44	-0.01	0.31	0.37	0.62	-0.49	-0.25	HYPR
INCR	0.11	-0.41		0.7	-0.64	0.41	0.02	-0.75	0.44	0.73	INCR
NSPR	0.2	-0.44	0.7		-0.31	0.16	-0.11	-0.78	0.58	0.64	NSPR
FBIO	0.48	-0.01	-0.64	-0.31		-0.51	-0.27	0.38	-0.04	-0.51	FBIO
VANI	-0.1	0.31	0.41	0.16	-0.51		0.61	-0.08	-0.02	0.29	VANI
MDAI	-0.13	0.37	0.02	-0.11	-0.27	0.61		0.17	-0.27	0.03	MDAI
VXRT	-0.32	0.62	-0.75	-0.78	0.38	-0.08	0.17		-0.73	-0.69	VXRT
ACRV	0.45	-0.49	0.44	0.58	-0.04	-0.02	-0.27	-0.73		0.5	ACRV
PMVP	-0.1	-0.25	0.73	0.64	-0.51	0.29	0.03	-0.69	0.5		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

PMVP	+ 0.73	INCR
NSPR	+ 0.7	INCR
PMVP	+ 0.64	NSPR
VXRT	+ 0.62	HYPR
MDAI	+ 0.61	VANI
ACRV	+ 0.58	NSPR

High negative correlations

VXRT	- 0.78	NSPR
VXRT	- 0.75	INCR
ACRV	- 0.73	VXRT
PMVP	- 0.69	VXRT
FBIO	- 0.64	INCR
PMVP	- 0.51	FBIO

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	4.37	(0.33)	0.00	(0.07)	0.00	0.00	8.97	(8.46)	26.61
HYPR	4.14	(0.04)	0.00	0.05	4.27	(5.56)	9.09	(7.22)	18.91
INCR	2.79	(0.79)	0.00	(0.68)	0.00	0.00	6.06	(6.21)	18.96
NSPR	3.39	(0.45)	0.00	(0.20)	0.00	0.00	6.53	(7.11)	24.29
FBIO	3.35	0.36	0.10	0.24	4.13	(3.89)	6.90	(6.45)	29.21
VANI	3.11	(0.34)	0.00	(0.45)	0.00	0.00	6.99	(6.76)	18.98
MDAI	3.27	(0.40)	0.00	(0.34)	0.00	0.00	6.29	(6.98)	17.06
VXRT	4.92	1.24	0.15	3.45	5.99	(7.52)	15.15	(5.26)	75.42
ACRV	4.83	(0.33)	0.00	(0.18)	0.00	0.00	7.98	(9.09)	66.02
PMVP	2.42	(0.47)	0.00	(0.57)	0.00	0.00	5.98	(4.63)	17.05

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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