Profound Medical Correlations

Market Correlation - Profound Medical

Profound Medical has a market cap of 187.28 M, operating margin of -123.29%, ROE of -67.11%. Review Your Equity Center for broader portfolio context. The portfolio view reflects current allocation structure. The allocation view reflects recorded position information. A position in Profound Medical Corp is indicated here. This is part of the broader portfolio composition. Position allocation is driven by the portfolio construction model. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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 MXCT + 0.89 TLSI ARMP + 0.87 CATX NNOX + 0.81 MXCT OWLT + 0.76 TLSI OWLT + 0.75 MXCT NNOX + 0.66 TLSI

High negative correlations NNOX - 0.88 CATX CATX - 0.88 MXCT ARMP - 0.74 MXCT OWLT - 0.72 CATX CATX - 0.72 TLSI AVR - 0.69 MXCT

Risk-Adjusted Indicators

Strong stock returns do not always mean Profound Medical Company is outperforming its peers on a fundamental level. A thorough review of Profound Medical's risk-adjusted indicators provides a clearer picture of whether returns are being earned efficiently. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.