Tactile Systems Correlations

TCMD Stock

USD 18.92 1.07 5.99%

The current 90-days correlation between Tactile Systems Tech and Treace Medical Concepts is 0.33 (i.e., Weak 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

Very weak diversification

The correlation between Tactile Systems Technology and DJI 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 Tactile Systems Technology and DJI in the same portfolio, assuming nothing else is changed.

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 population.

Moving together with Tactile Stock

0.82	DOCS	Doximity	Pair Corr
0.73	FOXO	FOXO Technologies	Pair Corr
0.61	VMD	Viemed Healthcare	Pair Corr
0.77	ITGR	Integer Holdings Corp	Pair Corr
0.76	MMSI	Merit Medical Systems	Pair Corr
0.62	NXGL	Nexgel Inc	Pair Corr
0.82	OMIC	Singular Genomics Systems	Pair Corr
0.77	CRVL	CorVel Corp	Pair Corr
0.66	EWTX	Edgewise Therapeutics	Pair Corr
0.78	EXEL	Exelixis	Pair Corr
0.87	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr

Moving against Tactile Stock

0.87	EVH	Evolent Health	Pair Corr
0.86	AMN	AMN Healthcare Services	Pair Corr
0.81	AGL	agilon health Buyout Trend	Pair Corr
0.7	FORA	Forian Inc	Pair Corr
0.63	IVP	Inspire Veterinary	Pair Corr
0.56	PHG	Koninklijke Philips	Pair Corr
0.34	FIGS	Figs Inc	Pair Corr
0.88	VALN	Valneva SE ADR	Pair Corr
0.7	ME	23Andme Holding	Pair Corr
0.69	BACK	IMAC Holdings	Pair Corr
0.58	ADUS	Addus HomeCare	Pair Corr
0.55	CYRX	Cryoport	Pair Corr
0.49	VCNX	Vaccinex	Pair Corr
0.45	ATPC	Agape ATP	Pair Corr
0.44	A	Agilent Technologies	Pair Corr
0.4	EQ	Equillium	Pair Corr
0.81	LLY	Eli Lilly	Pair Corr
0.79	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.77	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.73	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.58	HLN	Haleon plc	Pair Corr
0.41	EXAS	EXACT Sciences	Pair Corr

Related Correlations Analysis

	CNMD	TMCI	SRDX	LIVN	RXST	AXGN	LUNG	OFIX	CVRX	AXDX
CNMD		0.45	0.5	-0.44	0.19	0.02	0.66	0.51	0.26	-0.39	CNMD
TMCI	0.45		0.23	0.02	-0.46	-0.39	-0.1	0.85	0.72	0.21	TMCI
SRDX	0.5	0.23		-0.61	0.4	-0.31	0.44	0.19	-0.32	-0.51	SRDX
LIVN	-0.44	0.02	-0.61		-0.64	0.31	-0.3	-0.21	0.16	0.29	LIVN
RXST	0.19	-0.46	0.4	-0.64		0.13	0.43	-0.2	-0.46	-0.21	RXST
AXGN	0.02	-0.39	-0.31	0.31	0.13		0.38	-0.35	-0.11	-0.15	AXGN
LUNG	0.66	-0.1	0.44	-0.3	0.43	0.38		-0.13	-0.3	-0.54	LUNG
OFIX	0.51	0.85	0.19	-0.21	-0.2	-0.35	-0.13		0.79	0.17	OFIX
CVRX	0.26	0.72	-0.32	0.16	-0.46	-0.11	-0.3	0.79		0.42	CVRX
AXDX	-0.39	0.21	-0.51	0.29	-0.21	-0.15	-0.54	0.17	0.42		AXDX
	CNMD	TMCI	SRDX	LIVN	RXST	AXGN	LUNG	OFIX	CVRX	AXDX

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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

OFIX	+ 0.85	TMCI
CVRX	+ 0.79	OFIX
CVRX	+ 0.72	TMCI
LUNG	+ 0.66	CNMD
OFIX	+ 0.51	CNMD
SRDX	+ 0.5	CNMD

High negative correlations

RXST	- 0.64	LIVN
LIVN	- 0.61	SRDX
AXDX	- 0.54	LUNG
AXDX	- 0.51	SRDX
CVRX	- 0.46	RXST
RXST	- 0.46	TMCI

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
CNMD	1.88	0.03	0.02	0.15	2.27	(1.94)	4.57	(3.83)	11.47
TMCI	3.12	(0.06)	0.12	0.11	2.69	(4.16)	6.08	(4.39)	38.73
SRDX	0.48	(0.07)	0.00	(0.10)	0.00	0.00	1.26	(1.01)	3.22
LIVN	1.20	0.05	0.03	0.17	1.42	(1.18)	3.73	(2.55)	8.68
RXST	1.74	(0.42)	0.00	(0.22)	0.00	0.00	2.19	(5.18)	12.89
AXGN	2.21	0.02	0.01	0.14	3.70	(2.19)	4.73	(5.50)	21.60
LUNG	3.27	(0.19)	(0.01)	0.03	4.10	(3.67)	9.00	(6.89)	20.52
OFIX	1.87	0.04	0.04	0.15	2.03	(2.09)	3.90	(3.85)	12.11
CVRX	4.12	0.98	0.21	1.83	3.55	(5.18)	12.31	(8.22)	41.08
AXDX	3.05	0.07	(0.03)	0.00	3.74	(3.48)	8.02	(7.11)	18.35

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
Jerry Sauber	Operations, Manufacturing	Profile
Janelle Strop	Chief Officer	Profile

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