TransMedics Group, Inc. Common Stock (TMDX) — Stock Correlations & Overview
Over the past year, TMDX has moved most closely with ATEC, ALC, PRIM. Explore the stocks most correlated and inversely correlated with TMDX below, along with its price, financials, and company profile.
Stocks correlated with TMDX
Correlation of daily returns. Higher positive values move with TMDX; negative values move opposite it. Informational only, not investment advice.
Most correlated with TMDX
| Symbol | Company | Correlation |
|---|---|---|
| ATEC | Alphatec Holdings, Inc.SURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.47 |
| ALC | Alcon Inc. Ordinary Shares | 0.45 |
| PRIM | Primoris Services CorporationWATER, SEWER, PIPELINE, COMM & POWER LINE CONSTRUCTION | 0.43 |
| AZTA | Azenta, Inc.SPECIAL INDUSTRY MACHINERY, NEC | 0.43 |
| HEAL | Global X Funds Global X HealthTech ETF | 0.42 |
Most inversely correlated with TMDX
| Symbol | Company | Correlation |
|---|---|---|
| EVC | Entravision CommunicationTELEVISION BROADCASTING STATIONS | -0.33 |
| TWM | ProShares UltraShort Russell2000 | -0.29 |
| GGLS | Direxion Shares ETF Trust Direxion Daily GOOGL Bear 1X ETF | -0.29 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.29 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.29 |
Frequently asked questions about TMDX correlations
- Which stocks are most correlated with TMDX?
- Based on one year of daily returns, the stocks most correlated with TransMedics Group, Inc. Common Stock (TMDX) are ATEC (0.47), ALC (0.45) and PRIM (0.43). 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 TMDX?
- Over the past year, the stocks most inversely correlated with TransMedics Group, Inc. Common Stock (TMDX) are EVC (-0.33), TWM (-0.29) and GGLS (-0.29). 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 TMDX correlations calculated?
- We compute the correlation of daily returns between TMDX 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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