Which stocks are most correlated with TMCI?

Based on one year of daily returns, the stocks most correlated with Treace Medical Concepts, Inc. Common Stock (TMCI) are HEAL (0.39), BZFD (0.38) and XHE (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 TMCI?

Over the past year, the stocks most inversely correlated with Treace Medical Concepts, Inc. Common Stock (TMCI) are BNKD (-0.29), SRTY (-0.28) and TZA (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.

Treace Medical Concepts, Inc. Common Stock (TMCI) — Stock Correlations & Overview

Over the past year, TMCI has moved most closely with HEAL, BZFD, XHE. Explore the stocks most correlated and inversely correlated with TMCI below, along with its price, financials, and company profile.

Stocks correlated with TMCI

Correlation of daily returns. Higher positive values move with TMCI; negative values move opposite it. Informational only, not investment advice.

Most correlated with TMCI

Symbol	Company	Correlation
HEAL	Global X Funds Global X HealthTech ETF	0.39
BZFD	BuzzFeed, Inc. Class A Common StockCOMMUNICATIONS SERVICES, NEC	0.38
XHE	State Street SPDR S&P Health Care Equipment ETF	0.38
PSCH	Invesco S&P SmallCap Health Care ETFINVESTMENT ADVICE	0.37
FOXF	Fox Factory Holding Corp. Common StockMOTORCYCLES, BICYCLES & PARTS	0.37

Most inversely correlated with TMCI

Symbol	Company	Correlation
BNKD	MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.29
SRTY	ProShares UltraPro Short Russell2000	-0.28
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.28
TWM	ProShares UltraShort Russell2000	-0.28
RWM	ProShares Short Russell2000	-0.27

Frequently asked questions about TMCI correlations

Which stocks are most correlated with TMCI?: Based on one year of daily returns, the stocks most correlated with Treace Medical Concepts, Inc. Common Stock (TMCI) are HEAL (0.39), BZFD (0.38) and XHE (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 TMCI?: Over the past year, the stocks most inversely correlated with Treace Medical Concepts, Inc. Common Stock (TMCI) are BNKD (-0.29), SRTY (-0.28) and TZA (-0.28). 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 TMCI correlations calculated?: We compute the correlation of daily returns between TMCI 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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