Teleflex Incorporated Correlations

TFX Stock

USD 120.09 0.67 0.56%

The current 90-days correlation between Teleflex Incorporated and The Cooper Companies, is 0.47 (i.e., Very weak diversification). The correlation of Teleflex Incorporated 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.

Teleflex Incorporated Correlation With Market

Very weak diversification

The correlation between Teleflex Incorporated and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teleflex Incorporated and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Teleflex Stock

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

For more information on how to buy Teleflex Stock please use our How to Invest in Teleflex Incorporated guide.

Moving together with Teleflex Stock

0.63	301363	MeHow Innovative	Pair Corr
0.63	688677	Qingdao NovelBeam	Pair Corr
0.75	VREX	Varex Imaging Corp	Pair Corr
0.61	EDAP	EDAP TMS SA	Pair Corr
0.78	300453	Jiangxi Sanxin Medtec	Pair Corr
0.71	BLCO	Bausch Lomb Corp	Pair Corr
0.66	OTC	Ocumetics Technology Corp Earnings Call Today	Pair Corr
0.65	ELMD	Electromed	Pair Corr
0.84	EMBC	Embecta Corp	Pair Corr
0.61	BB1	Blinklab	Pair Corr

Moving against Teleflex Stock

0.75	ECOR	Electrocore LLC	Pair Corr
0.71	VTAK	Catheter Precision	Pair Corr
0.7	ELAB	Elevai Labs, Common	Pair Corr
0.6	VERO	Venus Concept	Pair Corr
0.6	VVOS	Vivos Therapeutics	Pair Corr
0.54	OM	Outset Medical	Pair Corr
0.42	IPD	Impedimed	Pair Corr
0.77	FEMY	Femasys	Pair Corr
0.72	EUDA	EUDA Health Holdings Trending	Pair Corr
0.72	XAIR	Beyond Air	Pair Corr
0.71	FOXO	FOXO Technologies	Pair Corr
0.6	ALC	Alcon AG	Pair Corr
0.49	POLX	Polarean Imaging Plc	Pair Corr
0.41	ESTA	Establishment Labs	Pair Corr
0.38	COO	Cooper Companies,	Pair Corr

Related Correlations Analysis

	TFX	COO	WST	ICUI	ANGO	ATR	HAE	NVST	XRAY	ALC
TFX		-0.38	0.57	0.17	0.7	-0.5	-0.72	0.68	-0.28	-0.6	TFX
COO	-0.38		-0.37	-0.16	-0.64	0.5	0.51	-0.14	0.43	0.71	COO
WST	0.57	-0.37		-0.07	0.69	-0.37	-0.6	0.41	-0.34	-0.57	WST
ICUI	0.17	-0.16	-0.07		0.1	0.14	0.32	0.23	0.33	0.13	ICUI
ANGO	0.7	-0.64	0.69	0.1		-0.59	-0.68	0.27	-0.46	-0.86	ANGO
ATR	-0.5	0.5	-0.37	0.14	-0.59		0.7	-0.24	0.91	0.75	ATR
HAE	-0.72	0.51	-0.6	0.32	-0.68	0.7		-0.45	0.62	0.8	HAE
NVST	0.68	-0.14	0.41	0.23	0.27	-0.24	-0.45		0.02	-0.14	NVST
XRAY	-0.28	0.43	-0.34	0.33	-0.46	0.91	0.62	0.02		0.67	XRAY
ALC	-0.6	0.71	-0.57	0.13	-0.86	0.75	0.8	-0.14	0.67		ALC
	TFX	COO	WST	ICUI	ANGO	ATR	HAE	NVST	XRAY	ALC

Please upgrade your account to get full access to Macroaxis premium features

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

XRAY	+ 0.91	ATR
ALC	+ 0.8	HAE
ALC	+ 0.75	ATR
ALC	+ 0.71	COO
ANGO	+ 0.7	TFX
HAE	+ 0.7	ATR

High negative correlations

ALC	- 0.86	ANGO
HAE	- 0.72	TFX
HAE	- 0.68	ANGO
ANGO	- 0.64	COO
HAE	- 0.6	WST
ALC	- 0.6	TFX

Risk-Adjusted Indicators

There is a big difference between Teleflex Stock performing well and Teleflex Incorporated 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 Teleflex Incorporated'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
TFX	1.61	(0.02)	0.01	0.04	1.89	(1.73)	3.86	(3.02)	10.03
COO	1.57	(0.16)	0.00	(0.08)	0.00	0.00	2.77	(2.60)	15.84
WST	1.76	0.24	0.12	0.70	1.63	(2.50)	3.64	(3.88)	28.37
ICUI	1.92	(0.24)	0.00	(0.11)	0.00	0.00	3.76	(3.44)	16.90
ANGO	1.67	0.20	0.09	0.17	2.31	(1.81)	4.00	(3.26)	13.50
ATR	0.88	(0.31)	0.00	(0.32)	0.00	0.00	1.41	(1.57)	12.44
HAE	1.79	(0.64)	0.00	(0.28)	0.00	0.00	3.16	(2.88)	28.63
NVST	1.62	(0.10)	0.00	(0.01)	0.00	0.00	3.62	(2.78)	15.87
XRAY	1.88	(0.47)	0.00	(0.17)	0.00	0.00	4.21	(3.86)	12.52
ALC	1.39	(0.34)	0.00	(0.19)	0.00	0.00	2.34	(2.64)	14.09

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC