CHR vs TCMD: Correlation
Cheer Holding, Inc. - Class A (CHR) and Tactile Systems Technology, Inc. (TCMD) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHR and TCMD?
On 3 years of weekly data the CHR/TCMD correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.37 over 1 year against -0.29 over 3. The 5-year figure is -0.14, and annualized covariance runs at -1624.9 %².
Out of 20 assets tracked against CHR, TCMD lands near the bottom at #18. Their recent paths diverged sharply: over the last 12 months TCMD outperformed by 174.6 percentage points (-98.9% for CHR 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.
CHR vs TCMD: side by side
| CHR (Cheer Holding, Inc. - Class A) | TCMD (Tactile Systems Technology, Inc.) | |
|---|---|---|
| 1-year return | -98.9% | +75.7% |
| 5-year return | -100.0% | -47.2% |
| Volatility (ann.) | 89.2% | 63.6% |
| Beta vs S&P 500 | 0.17 | 0.87 |
| Max drawdown (3Y) | -99.8% | -51.8% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 22.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHR | TCMD |
|---|---|---|
| 2022 | +23.7% | -39.7% |
| 2023 | -78.5% | +24.6% |
| 2024 | -20.7% | +19.8% |
| 2025 | -99.0% | +69.3% |
| 2026 | -52.6% | -20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHR and TCMD good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHR and TCMD?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.37 over the last year and -0.14 over 5 years.
Is TCMD a good diversifier for CHR?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chr-vs-tcmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chr-vs-tcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHR correlations · TCMD correlations
