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.
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

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Moving against TriSalus Stock

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  0.47MYO Myomo IncPairCorr
  0.43VREX Varex Imaging CorpPairCorr
  0.41BVS BioventusPairCorr
  0.38EW Edwards Lifesciences CorpPairCorr
  0.35SYK Stryker Earnings Call Next WeekPairCorr
  0.34IVF INVO Fertility, Symbol ChangePairCorr
  0.55GMED Globus MedicalPairCorr
  0.54INSP Inspire Medical SystemsPairCorr
  0.51ITGR Integer Holdings CorpPairCorr
  0.38IART Integra LifeSciences Earnings Call Next WeekPairCorr
  0.36HSDT Helius Medical TechnPairCorr
  0.33ICCM Icecure MedicalPairCorr

Related Correlations Analysis

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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.

TriSalus Life Corporate Management

Rachel GarciaMarketing ManagerProfile
Bryan CoxChief ResearchProfile
Dan GiordanoActing FinanceProfile
Jennifer JDChief OfficerProfile
Alan MendelsonSecretaryProfile
Lori SantamariaVice OperationsProfile