Profound Medical Correlations

PROF Stock

USD 8.44 0.04 0.47%

The current 90-days correlation between Profound Medical Corp and TriSalus Life Sciences is -0.08 (i.e., Good diversification). The correlation of Profound 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.

Profound Medical Correlation With Market

Very weak diversification

The correlation between Profound Medical Corp and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Profound Medical Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Profound Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Profound Medical Corp. 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.

Moving together with Profound Stock

0.77	QIPT	Quipt Home Medical	Pair Corr
0.73	HAE	Haemonetics	Pair Corr
0.78	301370	GKHT Medical Technology	Pair Corr
0.96	PRN	Profound Medical Corp	Pair Corr

Moving against Profound Stock

0.86	IHC	Inspiration Healthcare	Pair Corr
0.85	OTC	Ocumetics Technology Corp	Pair Corr
0.72	OM	Outset Medical	Pair Corr
0.7	WOK	WORK Medical Technology	Pair Corr
0.67	688139	Qingdao Haier Biomedical	Pair Corr
0.62	688358	Chison Medical Techn	Pair Corr
0.62	300633	SonoScape Medical Corp	Pair Corr
0.61	688617	APT Medical	Pair Corr
0.6	TRLS	Trellus Health plc	Pair Corr
0.6	300869	Contec Medical Systems	Pair Corr
0.51	ICCM	Icecure Medical	Pair Corr
0.51	688151	Hubei Huaqiang High	Pair Corr
0.44	600587	Shinva Medical Instrument	Pair Corr
0.4	688581	Hangzhou AGS MedTech	Pair Corr
0.38	688613	Allgens Medical Tech	Pair Corr
0.37	002901	Double Medical Technology	Pair Corr
0.75	NGMD	NuGen Medical Devices	Pair Corr
0.71	688310	Maider Medical Industry	Pair Corr
0.7	688085	Shanghai Sanyou Medical	Pair Corr
0.64	LMAT	LeMaitre Vascular	Pair Corr
0.64	RMTI	Rockwell Medical	Pair Corr
0.59	300314	Ningbo David Medical	Pair Corr
0.58	300529	Jafron Biomedical	Pair Corr
0.54	688013	Touchstone International	Pair Corr
0.51	CREO	Creo Medical Group	Pair Corr
0.5	MDX	MedX Health Corp	Pair Corr

Related Correlations Analysis

	TLSI	MXCT	CATX	LNSR	AVR	NNOX	PRE	STIM	OWLT	ARMP
TLSI		-0.22	-0.25	0.09	0.46	-0.28	0.6	-0.72	0.79	0.29	TLSI
MXCT	-0.22		0.29	-0.11	-0.01	0.55	0.0	0.19	-0.28	-0.16	MXCT
CATX	-0.25	0.29		0.54	0.42	0.38	0.25	0.57	-0.4	-0.77	CATX
LNSR	0.09	-0.11	0.54		0.7	-0.1	0.42	0.52	-0.23	-0.53	LNSR
AVR	0.46	-0.01	0.42	0.7		0.01	0.75	0.1	0.14	-0.3	AVR
NNOX	-0.28	0.55	0.38	-0.1	0.01		-0.09	0.36	-0.46	-0.41	NNOX
PRE	0.6	0.0	0.25	0.42	0.75	-0.09		-0.22	0.42	0.03	PRE
STIM	-0.72	0.19	0.57	0.52	0.1	0.36	-0.22		-0.88	-0.63	STIM
OWLT	0.79	-0.28	-0.4	-0.23	0.14	-0.46	0.42	-0.88		0.56	OWLT
ARMP	0.29	-0.16	-0.77	-0.53	-0.3	-0.41	0.03	-0.63	0.56		ARMP
	TLSI	MXCT	CATX	LNSR	AVR	NNOX	PRE	STIM	OWLT	ARMP

Please upgrade your account to get full access to Macroaxis premium features

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

OWLT	+ 0.79	TLSI
PRE	+ 0.75	AVR
AVR	+ 0.7	LNSR
PRE	+ 0.6	TLSI
STIM	+ 0.57	CATX
ARMP	+ 0.56	OWLT

High negative correlations

OWLT	- 0.88	STIM
ARMP	- 0.77	CATX
STIM	- 0.72	TLSI
ARMP	- 0.63	STIM
ARMP	- 0.53	LNSR
OWLT	- 0.46	NNOX

Risk-Adjusted Indicators

There is a big difference between Profound Stock performing well and Profound 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 Profound 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
TLSI	3.30	0.41	0.10	0.40	3.88	(3.80)	8.30	(7.86)	25.94
MXCT	3.35	(0.01)	0.00	0.10	0.00	0.00	8.67	(6.96)	22.89
CATX	4.32	(0.11)	0.00	0.40	0.00	0.00	8.14	(7.83)	54.86
LNSR	1.67	(0.02)	0.00	0.26	0.00	0.00	3.63	(3.39)	12.25
AVR	4.42	0.02	0.03	0.10	4.35	(5.83)	9.38	(7.84)	32.32
NNOX	3.77	(0.47)	0.00	(0.15)	0.00	0.00	9.44	(6.06)	36.87
PRE	4.28	0.18	0.03	0.24	5.64	(4.43)	8.75	(7.28)	30.22
STIM	4.96	(0.27)	0.00	0.32	0.00	0.00	10.00	(9.09)	23.58
OWLT	3.83	0.96	0.20	1.50	4.02	(4.58)	9.52	(7.64)	30.32
ARMP	6.91	2.14	0.27	(0.96)	5.98	(8.67)	14.73	(10.65)	124.74

Profound Medical Corporate Management

Arun MBA	Chairman CEO	Profile
Hartmut Warnken	Senior Alliances	Profile
Jacques Cornet	Senior Sonalleve	Profile
Stephen Kilmer	Investor Relations	Profile
Mathieu Burtnyk	Senior TULSAPRO	Profile
Thomas MBA	Chief Officer	Profile
Abbey Goodman	Chief Global	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC