Team Correlations

TISI Stock

USD 18.88 0.03 0.16%

The current 90-days correlation between Team Inc and Merit Medical Systems is -0.15 (i.e., Good diversification). The correlation of Team 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.

Team Correlation With Market

Very good diversification

The correlation between Team Inc and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Team Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Team Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Team Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Team Stock

0.67

AXR

AMREP

Pair Corr

Moving against Team Stock

0.56	DXST	Decent Holding Ordinary	Pair Corr
0.53	FC	Franklin Covey	Pair Corr
0.52	LZ	LegalZoom	Pair Corr
0.52	WLDN	Willdan Group	Pair Corr
0.5	HNI	HNI Corp	Pair Corr
0.46	DLHC	DLH Holdings Corp	Pair Corr
0.4	VSEC	VSE Corporation	Pair Corr
0.4	ZONE	CleanCore Solutions	Pair Corr
0.38	VRSK	Verisk Analytics	Pair Corr
0.31	FA	First Advantage Corp	Pair Corr
0.31	HDSN	Hudson Technologies	Pair Corr
0.54	CMPR	Cimpress NV	Pair Corr
0.53	LNZA	LanzaTech Global	Pair Corr
0.53	AMBI	Ambipar Emergency	Pair Corr
0.49	BE	Bloom Energy Corp	Pair Corr
0.47	MIMI	Mint Incorporation Buyout Trend	Pair Corr
0.46	AP	Ampco Pittsburgh	Pair Corr
0.45	DY	Dycom Industries	Pair Corr
0.44	BW	Babcock Wilcox Enter	Pair Corr
0.42	NIXX	Nixxy, Inc Symbol Change	Pair Corr
0.42	CW	Curtiss Wright	Pair Corr
0.41	AL	Air Lease	Pair Corr
0.41	CR	Crane Company	Pair Corr
0.39	R	Ryder System	Pair Corr

Related Correlations Analysis

	INBX	SNDA	MMSI	CTGO	RBMTF	CAH	RDNT	VMD
INBX		0.33	-0.03	0.67	0.0	0.7	0.29	0.17	INBX
SNDA	0.33		0.38	0.55	0.0	0.75	0.89	0.03	SNDA
MMSI	-0.03	0.38		-0.24	0.0	-0.02	0.23	0.21	MMSI
CTGO	0.67	0.55	-0.24		0.0	0.86	0.6	-0.13	CTGO
RBMTF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	RBMTF
CAH	0.7	0.75	-0.02	0.86	0.0		0.71	0.09	CAH
RDNT	0.29	0.89	0.23	0.6	0.0	0.71		-0.17	RDNT
VMD	0.17	0.03	0.21	-0.13	0.0	0.09	-0.17		VMD
	INBX	SNDA	MMSI	CTGO	RBMTF	CAH	RDNT	VMD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

RDNT	+ 0.89	SNDA
CAH	+ 0.86	CTGO
CAH	+ 0.75	SNDA
RDNT	+ 0.71	CAH
CAH	+ 0.7	INBX
CTGO	+ 0.67	INBX

High negative correlations

CTGO	- 0.24	MMSI
VMD	- 0.17	RDNT
VMD	- 0.13	CTGO
MMSI	- 0.03	INBX
CAH	- 0.02	MMSI
VMD	- 0.0	RBMTF

Risk-Adjusted Indicators

There is a big difference between Team Stock performing well and Team 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 Team'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
INBX	3.23	0.42	0.09	0.63	3.80	(3.52)	7.29	(5.46)	16.42
SNDA	2.01	0.02	0.02	0.10	2.13	(2.35)	4.69	(3.97)	15.75
MMSI	1.38	(0.31)	0.00	(0.18)	0.00	0.00	2.53	(2.88)	12.70
CTGO	3.68	1.09	0.31	1.99	2.87	(4.53)	10.50	(5.54)	22.27
RBMTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CAH	1.12	0.26	0.12	0.52	1.44	(1.13)	2.75	(2.63)	8.40
RDNT	1.92	0.06	0.03	0.14	2.16	(2.14)	3.73	(3.49)	16.74
VMD	1.60	(0.07)	0.00	(0.10)	0.00	0.00	3.51	(3.92)	16.08

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

2025 Macroaxis LLC