TriSalus Life Correlations

TLSIW Stock

2.40 0.10 4.35%

The current 90-days correlation between TriSalus Life Sciences and Summit Bank Group is -0.14 (i.e., Good diversification). The correlation of TriSalus Life 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.

TriSalus Life Correlation With Market

Good diversification

The correlation between TriSalus Life Sciences and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TriSalus Life Sciences and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TriSalus Stock

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

Moving together with TriSalus Stock

0.63	WOK	WORK Medical Technology	Pair Corr
0.66	ZIMV	ZimVie Inc Earnings Call Next Week	Pair Corr

Moving against TriSalus Stock

0.61	PEN	Penumbra Earnings Call This Week	Pair Corr
0.47	MYO	Myomo Inc	Pair Corr
0.43	VREX	Varex Imaging Corp	Pair Corr
0.41	BVS	Bioventus	Pair Corr
0.38	EW	Edwards Lifesciences Corp	Pair Corr
0.35	SYK	Stryker Earnings Call Next Week	Pair Corr
0.34	IVF	INVO Fertility, Symbol Change	Pair Corr
0.55	GMED	Globus Medical	Pair Corr
0.54	INSP	Inspire Medical Systems	Pair Corr
0.51	ITGR	Integer Holdings Corp	Pair Corr
0.38	IART	Integra LifeSciences Earnings Call Next Week	Pair Corr
0.36	HSDT	Helius Medical Techn	Pair Corr
0.33	ICCM	Icecure Medical	Pair Corr

Related Correlations Analysis

	NDAQ	ACU	SBKO	CMPOW	EWCZ	EML	CLST
NDAQ		0.34	0.82	0.97	0.81	0.79	0.94	NDAQ
ACU	0.34		0.38	0.34	0.09	0.05	0.39	ACU
SBKO	0.82	0.38		0.81	0.49	0.57	0.78	SBKO
CMPOW	0.97	0.34	0.81		0.84	0.74	0.91	CMPOW
EWCZ	0.81	0.09	0.49	0.84		0.77	0.73	EWCZ
EML	0.79	0.05	0.57	0.74	0.77		0.7	EML
CLST	0.94	0.39	0.78	0.91	0.73	0.7		CLST
	NDAQ	ACU	SBKO	CMPOW	EWCZ	EML	CLST

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between TriSalus Stock performing well and TriSalus Life 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 TriSalus Life'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
NDAQ	0.73	0.14	0.10	0.37	0.57	(0.83)	1.91	(1.45)	5.03
ACU	1.45	0.08	(0.08)	(2.65)	1.56	(1.73)	3.43	(2.87)	8.77
SBKO	0.42	0.11	(0.09)	2.82	0.26	(0.94)	2.13	(0.70)	4.65
CMPOW	2.62	0.91	0.28	1.45	2.33	(3.19)	6.18	(4.52)	14.57
EWCZ	3.17	0.34	0.17	0.41	2.45	(4.17)	8.96	(4.81)	26.29
EML	1.81	0.20	0.05	0.60	1.63	(2.00)	3.54	(2.74)	14.34
CLST	0.87	0.17	(0.04)	(3.28)	0.87	(0.95)	1.94	(1.69)	4.97

TriSalus Life Corporate Management

Rachel Garcia	Marketing Manager	Profile
Bryan Cox	Chief Research	Profile
Dan Giordano	Acting Finance	Profile
Jennifer JD	Chief Officer	Profile
Alan Mendelson	Secretary	Profile
Lori Santamaria	Vice Operations	Profile

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