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.
Moving together with TriSalus Stock
Moving against TriSalus Stock
0.61 | PEN | Penumbra Earnings Call This Week | PairCorr |
0.47 | MYO | Myomo Inc | PairCorr |
0.43 | VREX | Varex Imaging Corp | PairCorr |
0.41 | BVS | Bioventus | PairCorr |
0.38 | EW | Edwards Lifesciences Corp | PairCorr |
0.35 | SYK | Stryker Earnings Call Next Week | PairCorr |
0.34 | IVF | INVO Fertility, Symbol Change | PairCorr |
0.55 | GMED | Globus Medical | PairCorr |
0.54 | INSP | Inspire Medical Systems | PairCorr |
0.51 | ITGR | Integer Holdings Corp | PairCorr |
0.38 | IART | Integra LifeSciences Earnings Call Next Week | PairCorr |
0.36 | HSDT | Helius Medical Techn | PairCorr |
0.33 | ICCM | Icecure Medical | PairCorr |
Related Correlations Analysis
0.34 | 0.82 | 0.97 | 0.81 | 0.79 | 0.94 | NDAQ | ||
0.34 | 0.38 | 0.34 | 0.09 | 0.05 | 0.39 | ACU | ||
0.82 | 0.38 | 0.81 | 0.49 | 0.57 | 0.78 | SBKO | ||
0.97 | 0.34 | 0.81 | 0.84 | 0.74 | 0.91 | CMPOW | ||
0.81 | 0.09 | 0.49 | 0.84 | 0.77 | 0.73 | EWCZ | ||
0.79 | 0.05 | 0.57 | 0.74 | 0.77 | 0.7 | EML | ||
0.94 | 0.39 | 0.78 | 0.91 | 0.73 | 0.7 | CLST | ||
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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.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 | 1.91 | 5.03 | |||
ACU | 1.45 | 0.08 | (0.08) | (2.65) | 1.56 | 3.43 | 8.77 | |||
SBKO | 0.42 | 0.11 | (0.09) | 2.82 | 0.26 | 2.13 | 4.65 | |||
CMPOW | 2.62 | 0.91 | 0.28 | 1.45 | 2.33 | 6.18 | 14.57 | |||
EWCZ | 3.17 | 0.34 | 0.17 | 0.41 | 2.45 | 8.96 | 26.29 | |||
EML | 1.81 | 0.20 | 0.05 | 0.60 | 1.63 | 3.54 | 14.34 | |||
CLST | 0.87 | 0.17 | (0.04) | (3.28) | 0.87 | 1.94 | 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 |