Treace Medical Correlations
| TMCI Stock | USD 5.65 0.14 2.42% |
The current 90-days correlation between Treace Medical Concepts and Sight Sciences is 0.18 (i.e., Average diversification). The correlation of Treace Medical 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.
Treace Medical Correlation With Market
Very weak diversification
The correlation between Treace Medical Concepts and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Treace Medical Concepts and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Treace Stock
| 0.84 | EKSO | Ekso Bionics Holdings | PairCorr |
| 0.65 | ELMD | Electromed | PairCorr |
| 0.93 | EMBC | Embecta Corp | PairCorr |
| 0.61 | MSPRW | MSP Recovery Symbol Change | PairCorr |
Moving against Treace Stock
| 0.72 | VEEV | Veeva Systems Class | PairCorr |
| 0.64 | OM | Outset Medical | PairCorr |
| 0.63 | DH | Definitive Healthcare | PairCorr |
| 0.62 | VNRX | Volitionrx | PairCorr |
| 0.45 | LH | Laboratory Earnings Call This Week | PairCorr |
| 0.36 | DXCM | DexCom Inc Earnings Call This Week | PairCorr |
| 0.35 | GH | Guardant Health | PairCorr |
| 0.64 | ENSG | Ensign Group Earnings Call This Week | PairCorr |
| 0.62 | MDAI | Spectral AI | PairCorr |
| 0.51 | FIGS | Figs Inc | PairCorr |
| 0.37 | EUDAW | EUDA Health Holdings | PairCorr |
| 0.69 | MHUA | Meihua International | PairCorr |
| 0.66 | NAKA | Kindly MD, Symbol Change | PairCorr |
| 0.63 | MODV | ModivCare | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Treace Stock performing well and Treace Medical 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 Treace Medical'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SGHT | 3.38 | 0.47 | 0.10 | 0.46 | 4.55 | 7.36 | 25.67 | |||
| SIBN | 2.21 | 0.26 | 0.08 | 0.42 | 2.61 | 4.92 | 23.85 | |||
| VREX | 2.80 | (0.35) | 0.00 | (0.02) | 0.00 | 5.88 | 29.80 | |||
| KIDS | 1.83 | (0.10) | (0.02) | 0.06 | 2.24 | 4.06 | 11.10 | |||
| AKYA | 4.10 | 0.40 | 0.02 | (0.24) | 5.25 | 9.73 | 32.35 | |||
| DSGN | 3.94 | 0.23 | 0.06 | 0.28 | 5.04 | 8.13 | 27.45 | |||
| TRML | 2.85 | 0.39 | 0.09 | 0.80 | 3.33 | 5.96 | 18.95 | |||
| CTKB | 3.27 | (0.41) | 0.00 | (0.08) | 0.00 | 6.20 | 28.87 |
Treace Medical Corporate Management
| Shana Zink | Senior Reimbursement | Profile | |
| Julie Dewey | Chief Officer | Profile | |
| Brad Barr | Senior Sales | Profile | |
| Scot JD | Chief Secretary | Profile | |
| Thomas Timbie | Independent Director | Profile | |
| Sean Scanlan | Chief Officer | Profile |