EDAP TMS Correlations
| EDAP Stock | USD 2.23 0.15 6.30% |
The current 90-days correlation between EDAP TMS SA and Zynex Inc is 0.08 (i.e., Significant diversification). The correlation of EDAP TMS 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.
EDAP TMS Correlation With Market
Modest diversification
The correlation between EDAP TMS SA and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EDAP TMS SA and DJI in the same portfolio, assuming nothing else is changed.
EDAP |
Moving together with EDAP Stock
| 0.63 | MDCX | Medicus Pharma | PairCorr |
| 0.72 | EQ | Equillium | PairCorr |
| 0.67 | MGRX | Mangoceuticals, Common Upward Rally | PairCorr |
Moving against EDAP Stock
| 0.77 | OMI | Owens Minor | PairCorr |
| 0.5 | MBIO | Mustang Bio | PairCorr |
| 0.49 | SNYR | Synergy CHC Corp Downward Rally | PairCorr |
| 0.34 | MBRX | Moleculin Biotech Earnings Call Today | PairCorr |
| 0.56 | MDXG | MiMedx Group | PairCorr |
| 0.45 | ME | 23Andme Holding | PairCorr |
| 0.41 | MGNX | MacroGenics | PairCorr |
| 0.31 | MDXH | MDxHealth SA ADR | PairCorr |
Related Correlations Analysis
| 0.16 | 0.0 | 0.59 | 0.26 | -0.7 | -0.66 | PDCO | ||
| 0.16 | 0.0 | 0.04 | 0.52 | -0.31 | 0.28 | HSIC | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ABC | ||
| 0.59 | 0.04 | 0.0 | 0.69 | -0.39 | -0.3 | MCK | ||
| 0.26 | 0.52 | 0.0 | 0.69 | -0.23 | 0.12 | CAH | ||
| -0.7 | -0.31 | 0.0 | -0.39 | -0.23 | 0.31 | OMI | ||
| -0.66 | 0.28 | 0.0 | -0.3 | 0.12 | 0.31 | ZYXI | ||
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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 EDAP Stock performing well and EDAP TMS 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 EDAP TMS'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PDCO | 0.07 | 0.01 | 0.93 | (1.84) | 0.00 | 0.16 | 0.39 | |||
| HSIC | 1.24 | 0.05 | 0.06 | 0.09 | 1.71 | 2.23 | 9.27 | |||
| ABC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MCK | 0.96 | 0.24 | 0.27 | 0.50 | 0.89 | 2.19 | 5.44 | |||
| CAH | 0.77 | 0.22 | 0.21 | 0.31 | 0.99 | 1.82 | 6.21 | |||
| OMI | 3.41 | (0.12) | 0.00 | 0.28 | 0.00 | 4.90 | 42.44 | |||
| ZYXI | 2.91 | (1.41) | 0.00 | (1.81) | 0.00 | 3.10 | 57.28 |
EDAP TMS Corporate Management
| Blandine Confort | Investor Relations Officer | Profile | |
| Francois Dietsch | Global Officer | Profile | |
| Ken Mobeck | Chief Officer | Profile | |
| Frank Hyfte | VP Marketing | Profile | |
| Carre Emmanuel | Chief Officer | Profile |