TriSalus Life Sciences, Inc. Common Stock (TLSI) — Stock Correlations & Overview
Over the past year, TLSI has moved most closely with IDN, BRCB, TOAK. Explore the stocks most correlated and inversely correlated with TLSI below, along with its price, financials, and company profile.
Stocks correlated with TLSI
Correlation of daily returns. Higher positive values move with TLSI; negative values move opposite it. Informational only, not investment advice.
Most correlated with TLSI
| Symbol | Company | Correlation |
|---|---|---|
| IDN | Intellicheck, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.41 |
| BRCB | Black Rock Coffee Bar, Inc. Class A Common StockRETAIL-EATING & DRINKING PLACES | 0.41 |
| TOAK | Twin Oak Short Horizon Absolute Return ETF | 0.38 |
| EYE | National Vision Holdings, Inc. Common StockOPHTHALMIC GOODS | 0.38 |
| WIX | WIX.com Ltd. | 0.35 |
Most inversely correlated with TLSI
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.29 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.25 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.25 |
| YMAT | J-Star Holding Co., Ltd. Class A Ordinary Shares | -0.24 |
| TDIC | Dreamland Limited Class A Ordinary Shares | -0.24 |
Frequently asked questions about TLSI correlations
- Which stocks are most correlated with TLSI?
- Based on one year of daily returns, the stocks most correlated with TriSalus Life Sciences, Inc. Common Stock (TLSI) are IDN (0.41), BRCB (0.41) and TOAK (0.38). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with TLSI?
- Over the past year, the stocks most inversely correlated with TriSalus Life Sciences, Inc. Common Stock (TLSI) are HDGE (-0.29), DWSH (-0.25) and SKRE (-0.25). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these TLSI correlations calculated?
- We compute the correlation of daily returns between TLSI and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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