TCMD vs VCYT: Correlation
Tactile Systems Technology, Inc. (TCMD) and Veracyte, Inc. (VCYT) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TCMD and VCYT?
Across a 3-year window, the weekly returns of TCMD and VCYT correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 1666.3 %².
VCYT is one of the assets that tracks TCMD most closely: it ranks #3 out of the 18 assets we track against TCMD. Their recent paths diverged sharply: over the last 12 months TCMD outperformed by 17.5 percentage points (+75.7% for TCMD against +58.2% for VCYT).
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.
TCMD vs VCYT: side by side
| TCMD (Tactile Systems Technology, Inc.) | VCYT (Veracyte, Inc.) | |
|---|---|---|
| 1-year return | +75.7% | +58.2% |
| 5-year return | -47.2% | -7.1% |
| Volatility (ann.) | 63.6% | 53.3% |
| Beta vs S&P 500 | 0.87 | 1.37 |
| Max drawdown (3Y) | -51.8% | -50.1% |
| Market cap | $0.5B | $3.6B |
| P/E (trailing) | 22.0 | 31.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TCMD | VCYT |
|---|---|---|
| 2022 | -39.7% | -42.4% |
| 2023 | +24.6% | +15.9% |
| 2024 | +19.8% | +43.9% |
| 2025 | +69.3% | +6.3% |
| 2026 | -20.3% | +7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCMD and VCYT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TCMD and VCYT?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.50 over the last year and 0.46 over 5 years.
Is VCYT a good diversifier for TCMD?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tcmd-vs-vcyt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tcmd-vs-vcyt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TCMD correlations · VCYT correlations
