EDAP TMS Correlations

EDAP Stock

USD 2.50 0.08 3.10%

The current 90-days correlation between EDAP TMS SA and Patterson Companies is 0.01 (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

Significant diversification

The correlation between EDAP TMS SA and DJI is 0.09 (i.e., Significant 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EDAP TMS SA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against EDAP Stock

0.72	ADUS	Addus HomeCare	Pair Corr
0.71	WST	West Pharmaceutical	Pair Corr
0.63	DHR	Danaher	Pair Corr
0.6	EMBC	Embecta Corp	Pair Corr
0.44	CNC	Centene Corp	Pair Corr
0.42	EXAS	EXACT Sciences	Pair Corr
0.66	ILMN	Illumina	Pair Corr
0.58	NAMSW	NewAmsterdam Pharma	Pair Corr
0.31	XFOR	X4 Pharmaceuticals	Pair Corr

Related Correlations Analysis

	PDCO	HSIC	ABC	MCK	CAH	OMI	ZYXI
PDCO		-0.05	0.0	-0.65	0.21	-0.22	-0.28	PDCO
HSIC	-0.05		0.0	0.54	0.63	-0.43	-0.23	HSIC
ABC	0.0	0.0		0.0	0.0	0.0	0.0	ABC
MCK	-0.65	0.54	0.0		0.42	-0.23	-0.17	MCK
CAH	0.21	0.63	0.0	0.42		-0.32	-0.45	CAH
OMI	-0.22	-0.43	0.0	-0.23	-0.32		0.72	OMI
ZYXI	-0.28	-0.23	0.0	-0.17	-0.45	0.72		ZYXI
	PDCO	HSIC	ABC	MCK	CAH	OMI	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

ZYXI	+ 0.72	OMI
CAH	+ 0.63	HSIC
MCK	+ 0.54	HSIC
CAH	+ 0.42	MCK
CAH	+ 0.21	PDCO
ABC	+ 0.0	PDCO

High negative correlations

MCK	- 0.65	PDCO
ZYXI	- 0.45	CAH
OMI	- 0.43	HSIC
OMI	- 0.32	CAH
ZYXI	- 0.28	PDCO
OMI	- 0.23	MCK

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	1.40	0.68	0.91	(1.20)	0.00	(1.52)	1.86	(1.28)	37.21
HSIC	1.23	0.04	0.02	0.07	1.49	(1.28)	2.71	(2.51)	7.47
ABC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MCK	0.96	0.02	0.02	0.04	1.06	(1.00)	2.01	(1.63)	4.71
CAH	0.81	0.11	0.08	0.33	1.08	(0.80)	1.82	(1.92)	6.21
OMI	3.02	(0.68)	0.00	(0.43)	0.00	0.00	4.68	(5.84)	45.71
ZYXI	1.65	(0.05)	0.00	(0.03)	0.00	0.00	3.59	(2.97)	9.27

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

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