APYX vs TCMD: Correlation
Measured on weekly returns over the past three years, Apyx Medical Corporation (APYX) and Tactile Systems Technology, Inc. (TCMD) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APYX and TCMD?
On 3 years of weekly data the APYX/TCMD correlation comes out at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 2193.8 %².
Few assets follow APYX as closely as TCMD, which ranks #2 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months TCMD outperformed by 24.2 percentage points (+51.5% for APYX against +75.7% for TCMD).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
APYX vs TCMD: side by side
| APYX (Apyx Medical Corporation) | TCMD (Tactile Systems Technology, Inc.) | |
|---|---|---|
| 1-year return | +51.5% | +75.7% |
| 5-year return | -73.8% | -47.2% |
| Volatility (ann.) | 85.7% | 63.6% |
| Beta vs S&P 500 | 1.70 | 0.87 |
| Max drawdown (3Y) | -81.6% | -51.8% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | 22.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APYX | TCMD |
|---|---|---|
| 2022 | -81.7% | -39.7% |
| 2023 | +12.0% | +24.6% |
| 2024 | -39.7% | +19.8% |
| 2025 | +121.5% | +69.3% |
| 2026 | -14.3% | -20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APYX and TCMD good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between APYX and TCMD?
As of 2026-08-27, the correlation of weekly returns between APYX and TCMD is 0.40 over 3 years, 0.48 over 1 year and 0.24 over 5 years.
Is TCMD a good diversifier for APYX?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apyx-vs-tcmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apyx-vs-tcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APYX correlations · TCMD correlations
