Axim Biotechnologies Correlations

AXIM Stock

USD 0.01 0 9.35%

The current 90-days correlation between Axim Biotechnologies and Protokinetix is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Axim Biotechnologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axim Biotechnologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Axim Biotechnologies Correlation With Market

Good diversification

The correlation between Axim Biotechnologies and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Axim Biotechnologies and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Axim Biotechnologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axim Biotechnologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Axim Biotechnologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Axim Biotechnologies to buy it.

Moving together with Axim Pink Sheet

0.73	IRNRF	Iron Road Limited	Pair Corr
0.73	DD	Dupont De Nemours	Pair Corr
0.69	KO	Coca Cola Sell-off Trend	Pair Corr
0.81	CSCO	Cisco Systems	Pair Corr
0.69	CAT	Caterpillar	Pair Corr

Moving against Axim Pink Sheet

0.73	MSFT	Microsoft	Pair Corr
0.58	PG	Procter Gamble	Pair Corr
0.56	CHHE	China Health Industries	Pair Corr
0.5	HPQ	HP Inc	Pair Corr
0.35	T	ATT Inc	Pair Corr
0.33	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	ARUXF	HAVLF	PKTX	ZLDAF	SIGY	RNUGF	REPCF	PLLWF	RDDTF	LVVV
ARUXF		-0.39	-0.13	0.2	0.59	0.0	0.0	0.69	0.0	0.2	ARUXF
HAVLF	-0.39		-0.02	-0.2	-0.33	0.0	0.0	-0.55	0.0	-0.33	HAVLF
PKTX	-0.13	-0.02		-0.08	0.12	0.0	0.0	-0.14	0.0	0.16	PKTX
ZLDAF	0.2	-0.2	-0.08		0.1	0.0	0.0	0.02	0.0	-0.2	ZLDAF
SIGY	0.59	-0.33	0.12	0.1		0.0	0.0	0.52	0.0	-0.1	SIGY
RNUGF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	RNUGF
REPCF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	REPCF
PLLWF	0.69	-0.55	-0.14	0.02	0.52	0.0	0.0		0.0	0.31	PLLWF
RDDTF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	RDDTF
LVVV	0.2	-0.33	0.16	-0.2	-0.1	0.0	0.0	0.31	0.0		LVVV
	ARUXF	HAVLF	PKTX	ZLDAF	SIGY	RNUGF	REPCF	PLLWF	RDDTF	LVVV

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PLLWF	+ 0.69	ARUXF
SIGY	+ 0.59	ARUXF
PLLWF	+ 0.52	SIGY
LVVV	+ 0.31	PLLWF
ZLDAF	+ 0.2	ARUXF
LVVV	+ 0.2	ARUXF

High negative correlations

PLLWF	- 0.55	HAVLF
HAVLF	- 0.39	ARUXF
LVVV	- 0.33	HAVLF
SIGY	- 0.33	HAVLF
LVVV	- 0.2	ZLDAF
ZLDAF	- 0.2	HAVLF

Risk-Adjusted Indicators

There is a big difference between Axim Pink Sheet performing well and Axim Biotechnologies Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Axim Biotechnologies' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARUXF	24.92	7.72	0.12	(1.69)	19.82	(144.44)	100.00	(66.67)	266.67
HAVLF	55.75	27.75	0.00	(0.68)	0.00	0.00	0.00	0.00	1,895
PKTX	7.65	0.74	0.06	0.31	10.41	(10.32)	21.82	(16.00)	66.06
ZLDAF	1.40	0.14	0.00	(5.50)	0.00	0.00	0.00	(4.55)	22.62
SIGY	4.26	(0.75)	0.00	(0.22)	0.00	0.00	4.40	(26.40)	87.42
RNUGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
REPCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PLLWF	33.45	12.80	0.00	3.89	0.00	0.00	0.00	(41.18)	644.63
RDDTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LVVV	18.26	4.17	0.20	(2.71)	14.16	(35.79)	66.67	(25.00)	158.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Axim Biotechnologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Axim Biotechnologies Corporate Management

Joseph MD	Chief Board	Profile
Catalina JD	I Biotech	Profile
Dr MBA	I Biotech	Profile
John II	CEO Pres	Profile
Robert Malasek	CFO Sec	Profile
Jeffrey Busby	Sr Devel	Profile
Alim SeitNebi	I Biotech	Profile

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