Tactile Systems Correlations

TCMD Stock

USD 28.63 0.48 1.65%

The current 90-days correlation between Tactile Systems Tech and Rxsight is 0.16 (i.e., Average diversification). The correlation of Tactile Systems 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.

Tactile Systems Correlation With Market

Poor diversification

The correlation between Tactile Systems Technology and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tactile Systems Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tactile Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tactile Systems Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Tactile Stock

0.61	HYMC	Hycroft Mining Holding	Pair Corr
0.7	BIOA	BioAge Labs	Pair Corr
0.65	ONDS	Ondas Holdings	Pair Corr
0.84	VASO	Vaso Corp	Pair Corr
0.77	JNJ	Johnson Johnson	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr
0.83	MRK	Merck Company Earnings Call This Week	Pair Corr
0.93	DD	Dupont De Nemours Sell-off Trend	Pair Corr
0.75	WMT	Walmart Common Stock	Pair Corr

Moving against Tactile Stock

0.88	CUPR	Cuprina Holdings	Pair Corr
0.84	ZTLLF	Zonetail	Pair Corr
0.77	GLABF	Gemina Laboratories	Pair Corr
0.73	NSFDF	NXT Energy Solutions	Pair Corr
0.46	TELNY	Telenor ASA ADR	Pair Corr
0.85	MSFT	Microsoft	Pair Corr
0.61	PG	Procter Gamble	Pair Corr
0.48	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	RXST	SMLR	DCTH	BWAY	BFLY	NPCE	SRDX	KIDS	CBLL	VMD
RXST		-0.22	0.21	-0.18	0.15	0.61	-0.53	0.4	0.48	0.31	RXST
SMLR	-0.22		0.3	0.56	0.44	0.19	0.63	0.12	0.26	0.31	SMLR
DCTH	0.21	0.3		0.68	0.75	0.45	0.24	0.57	0.77	0.86	DCTH
BWAY	-0.18	0.56	0.68		0.86	0.47	0.67	0.52	0.7	0.69	BWAY
BFLY	0.15	0.44	0.75	0.86		0.73	0.39	0.69	0.89	0.83	BFLY
NPCE	0.61	0.19	0.45	0.47	0.73		0.01	0.78	0.86	0.62	NPCE
SRDX	-0.53	0.63	0.24	0.67	0.39	0.01		0.17	0.12	0.19	SRDX
KIDS	0.4	0.12	0.57	0.52	0.69	0.78	0.17		0.75	0.55	KIDS
CBLL	0.48	0.26	0.77	0.7	0.89	0.86	0.12	0.75		0.87	CBLL
VMD	0.31	0.31	0.86	0.69	0.83	0.62	0.19	0.55	0.87		VMD
	RXST	SMLR	DCTH	BWAY	BFLY	NPCE	SRDX	KIDS	CBLL	VMD

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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

CBLL	+ 0.89	BFLY
VMD	+ 0.87	CBLL
VMD	+ 0.86	DCTH
BFLY	+ 0.86	BWAY
CBLL	+ 0.86	NPCE
VMD	+ 0.83	BFLY

High negative correlations

SRDX	- 0.53	RXST
SMLR	- 0.22	RXST
BWAY	- 0.18	RXST

Risk-Adjusted Indicators

There is a big difference between Tactile Stock performing well and Tactile Systems 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 Tactile Systems' 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
RXST	3.00	0.08	0.03	0.11	3.63	(3.12)	7.97	(5.79)	23.38
SMLR	49.98	21.74	4.11	0.46	4.86	(64.07)	18.45	(9.64)	1,670
DCTH	2.01	(0.13)	0.00	(0.03)	0.00	0.00	4.57	(4.10)	13.50
BWAY	2.70	0.76	0.23	(3.53)	2.42	(3.04)	7.25	(4.04)	15.24
BFLY	5.36	1.09	0.22	0.48	4.57	(6.66)	14.22	(9.14)	42.22
NPCE	3.01	0.57	0.25	0.31	2.14	(3.83)	6.30	(4.61)	43.20
SRDX	1.90	0.47	0.23	1.58	1.26	(2.68)	2.09	(2.90)	49.69
KIDS	1.88	(0.03)	(0.01)	0.04	2.16	(2.12)	3.72	(2.97)	16.89
CBLL	2.64	0.66	0.24	0.55	2.32	(3.21)	6.82	(4.90)	16.78
VMD	1.41	0.11	0.04	0.37	1.56	(1.56)	3.15	(2.79)	8.29

Tactile Systems Corporate Management

Peter Schaubach	Chief Officer	Profile
John Kaercher	Chief Officer	Profile
Sherri Ferstler	Senior Sales	Profile
Sunday Hoy	VP Officer	Profile
Eric Pauls	VP Sales	Profile
Aaron Snodgrass	Senior Sales	Profile
Jerry Sauber	Operations, Manufacturing	Profile

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