NSPR vs TCMD: Correlation
Measured on weekly returns over the past three years, InspireMD Inc. (NSPR) and Tactile Systems Technology, Inc. (TCMD) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NSPR and TCMD?
On 3 years of weekly data the NSPR/TCMD correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.22). The 5-year figure is -0.00, and annualized covariance runs at -810.0 %².
Among the 13 assets we track against NSPR, TCMD sits near the bottom by co-movement, at rank #12. The last year tells two different stories: TCMD led by 139.3 percentage points, -63.6% for NSPR 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.
NSPR vs TCMD: side by side
| NSPR (InspireMD Inc.) | TCMD (Tactile Systems Technology, Inc.) | |
|---|---|---|
| 1-year return | -63.6% | +75.7% |
| 5-year return | -80.3% | -47.2% |
| Volatility (ann.) | 58.4% | 63.6% |
| Beta vs S&P 500 | 0.05 | 0.87 |
| Max drawdown (3Y) | -82.8% | -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 | NSPR | TCMD |
|---|---|---|
| 2022 | -71.5% | -39.7% |
| 2023 | +226.7% | +24.6% |
| 2024 | -6.4% | +19.8% |
| 2025 | -32.3% | +69.3% |
| 2026 | -50.1% | -20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NSPR and TCMD good diversifiers for each other?
Yes. With a correlation of -0.22, NSPR and TCMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NSPR and TCMD?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.35 over the last year and -0.00 over 5 years.
Is TCMD a good diversifier for NSPR?
Yes. With a correlation of -0.22, NSPR and TCMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/nspr-vs-tcmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nspr-vs-tcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NSPR correlations · TCMD correlations
