Tactile Systems Correlations
| 3L3 Stock | EUR 25.40 0.80 3.05% |
The current 90-days correlation between Tactile Systems Tech and BRAEMAR HOTELS RES is -0.06 (i.e., Good diversification). The correlation of Tactile Systems 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.
Tactile Systems Correlation With Market
Good diversification
The correlation between Tactile Systems Technology and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tactile Systems Technology and DJI in the same portfolio, assuming nothing else is changed.
Tactile |
The ability to find closely correlated positions to Tactile Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tactile Systems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tactile Systems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tactile Systems Technology to buy it.
Moving together with Tactile Stock
| 0.78 | EWL | Edwards Lifesciences | PairCorr |
| 0.85 | AFW | Align Technology | PairCorr |
| 0.83 | LLD2 | Lloyds Banking Group | PairCorr |
| 0.71 | KBIA | KB Financial Group | PairCorr |
| 0.85 | OIX | ORIX | PairCorr |
| 0.86 | OIXA | Orix Corp Ads | PairCorr |
| 0.78 | SUMB | SUMITOMO P SP | PairCorr |
| 0.71 | SID | State Bank | PairCorr |
| 0.67 | APC | Apple Inc | PairCorr |
| 0.68 | 1KG | Kainos Group plc | PairCorr |
| 0.75 | WFA | Weng Fine Art | PairCorr |
| 0.87 | CFSL | Coca Cola FEMSA | PairCorr |
Moving against Tactile Stock
| 0.78 | ZIM | Zimmer Biomet Holdings | PairCorr |
| 0.7 | SHL | Siemens Healthineers | PairCorr |
| 0.6 | SYK | Stryker | PairCorr |
| 0.59 | ABL | Abbott Laboratories | PairCorr |
| 0.53 | GOV | Insulet | PairCorr |
| 0.52 | ABL | Abbott Laboratories | PairCorr |
| 0.4 | BSX | Boston Scientific | PairCorr |
| 0.38 | E908 | Lyxor 1 | PairCorr |
Related Correlations Analysis
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 Tactile Stock performing well and Tactile Systems 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 Tactile Systems' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CZH | 1.83 | (0.02) | (0.03) | 0.04 | 1.93 | 4.73 | 9.73 | |||
| 42V | 2.59 | 0.14 | 0.03 | 0.31 | 3.35 | 5.36 | 26.59 | |||
| 6IC | 2.26 | 0.07 | (0.01) | (0.13) | 3.19 | 5.10 | 15.13 | |||
| EM7A | 1.68 | (0.07) | 0.00 | 0.17 | 0.00 | 5.36 | 22.78 | |||
| SMA | 0.95 | 0.12 | 0.01 | 0.90 | 1.73 | 2.04 | 14.08 | |||
| CHWD | 0.74 | (0.03) | 0.00 | (2.14) | 0.00 | 1.16 | 12.20 | |||
| UF2 | 1.30 | 0.07 | (0.02) | (0.28) | 1.58 | 2.36 | 8.50 | |||
| 1HTA | 1.51 | 0.24 | 0.10 | 4.10 | 1.36 | 4.19 | 10.24 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tactile Systems without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Tactile Systems Corporate Management
Elected by the shareholders, the Tactile Systems' board of directors comprises two types of representatives: Tactile Systems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tactile. The board's role is to monitor Tactile Systems' management team and ensure that shareholders' interests are well served. Tactile Systems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tactile Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Peter Schaubach | Chief Information Officer | Profile | |
| Kevin Roche | Independent Director | Profile | |
| Peter Soderberg | Independent Chairman of the Board | Profile | |
| William Burke | Independent Director | Profile | |
| Sunday Hoy | VP Officer | Profile | |
| Eric Pauls | VP Sales | Profile |