Correlation Between EDAP TMS and Mobile Health

Can any of the company-specific risk be diversified away by investing in both EDAP TMS and Mobile Health at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining EDAP TMS and Mobile Health into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between EDAP TMS SA and Mobile health Network Solutions, you can compare the effects of market volatilities on EDAP TMS and Mobile Health and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in EDAP TMS with a short position of Mobile Health. Check out your portfolio center. Please also check ongoing floating volatility patterns of EDAP TMS and Mobile Health.

Diversification Opportunities for EDAP TMS and Mobile Health

-0.73

Correlation Coefficient

EDAP TMS  Mobile Health

Pay attention - limited upside

The 3 months correlation between EDAP and Mobile is -0.73. Overlapping area represents the amount of risk that can be diversified away by holding EDAP TMS SA and Mobile health Network Solution in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Mobile health Network and EDAP TMS is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on EDAP TMS SA are associated (or correlated) with Mobile Health. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Mobile health Network has no effect on the direction of EDAP TMS i.e., EDAP TMS and Mobile Health go up and down completely randomly.

Pair Corralation between EDAP TMS and Mobile Health

Given the investment horizon of 90 days EDAP TMS SA is expected to generate 0.83 times more return on investment than Mobile Health. However, EDAP TMS SA is 1.21 times less risky than Mobile Health. It trades about 0.13 of its potential returns per unit of risk. Mobile health Network Solutions is currently generating about -0.05 per unit of risk. If you would invest  153.00  in EDAP TMS SA on July 8, 2025 and sell it today you would earn a total of  76.00  from holding EDAP TMS SA or generate 49.67% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

EDAP TMS SA  vs.  Mobile health Network Solution

EDAP TMS SA

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in EDAP TMS SA are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Even with relatively inconsistent basic indicators, EDAP TMS reported solid returns over the last few months and may actually be approaching a breakup point.

Mobile health Network

Risk-Adjusted Performance

Weakest

Over the last 90 days Mobile health Network Solutions has generated negative risk-adjusted returns adding no value to investors with long positions. Even with weak performance in the last few months, the Stock's fundamental indicators remain relatively invariable which may send shares a bit higher in November 2025. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

Pair Trading with EDAP TMS and Mobile Health

The main advantage of trading using opposite EDAP TMS and Mobile Health positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if EDAP TMS position performs unexpectedly, Mobile Health can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mobile Health will offset losses from the drop in Mobile Health's long position.

The idea behind EDAP TMS SA and Mobile health Network Solutions pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.