Aytu BioScience Correlations

AYTU Stock

USD 2.27 0.04 1.73%

The current 90-days correlation between Aytu BioScience and Biofrontera is 0.08 (i.e., Significant diversification). The correlation of Aytu BioScience is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Aytu BioScience Correlation With Market

Poor diversification

The correlation between Aytu BioScience and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aytu BioScience and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Aytu Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aytu BioScience. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Aytu Stock please use our How to Invest in Aytu BioScience guide.

Moving together with Aytu Stock

0.79	LPCN	Lipocine	Pair Corr
0.84	AMKBY	AP Moeller Maersk	Pair Corr
0.61	RBGPF	Reckitt Benckiser	Pair Corr
0.89	AA	Alcoa Corp	Pair Corr
0.82	BA	Boeing	Pair Corr
0.65	DIS	Walt Disney	Pair Corr
0.64	MRK	Merck Company	Pair Corr

Moving against Aytu Stock

0.67	PSGTF	PT Semen Indonesia	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.53	BRK-A	Berkshire Hathaway	Pair Corr
0.48	MMM	3M Company	Pair Corr
0.47	VLCN	Volcon Inc Symbol Change	Pair Corr
0.35	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	PRPH	BFRI	EKSO	TXMD	ANL	NVNO	OSRH	ALUR	GOVX	ADAP
PRPH		0.24	-0.81	-0.76	-0.43	0.69	-0.24	0.08	0.95	-0.39	PRPH
BFRI	0.24		0.07	0.15	0.15	0.54	0.2	0.16	0.2	-0.15	BFRI
EKSO	-0.81	0.07		0.73	0.6	-0.36	0.06	-0.16	-0.81	0.32	EKSO
TXMD	-0.76	0.15	0.73		0.53	-0.54	0.23	-0.16	-0.77	0.16	TXMD
ANL	-0.43	0.15	0.6	0.53		-0.31	-0.31	-0.58	-0.5	-0.34	ANL
NVNO	0.69	0.54	-0.36	-0.54	-0.31		-0.08	0.25	0.68	-0.04	NVNO
OSRH	-0.24	0.2	0.06	0.23	-0.31	-0.08		0.5	-0.14	0.32	OSRH
ALUR	0.08	0.16	-0.16	-0.16	-0.58	0.25	0.5		0.22	0.34	ALUR
GOVX	0.95	0.2	-0.81	-0.77	-0.5	0.68	-0.14	0.22		-0.43	GOVX
ADAP	-0.39	-0.15	0.32	0.16	-0.34	-0.04	0.32	0.34	-0.43		ADAP
	PRPH	BFRI	EKSO	TXMD	ANL	NVNO	OSRH	ALUR	GOVX	ADAP

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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

GOVX	+ 0.95	PRPH
TXMD	+ 0.73	EKSO
NVNO	+ 0.69	PRPH
GOVX	+ 0.68	NVNO
ANL	+ 0.6	EKSO
NVNO	+ 0.54	BFRI

High negative correlations

GOVX	- 0.81	EKSO
EKSO	- 0.81	PRPH
GOVX	- 0.77	TXMD
TXMD	- 0.76	PRPH
ALUR	- 0.58	ANL
NVNO	- 0.54	TXMD

Risk-Adjusted Indicators

There is a big difference between Aytu Stock performing well and Aytu BioScience 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 Aytu BioScience's 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
PRPH	8.38	(3.24)	0.00	1.52	0.00	0.00	15.47	(22.22)	77.27
BFRI	3.62	(0.53)	0.00	(0.14)	0.00	0.00	6.76	(7.59)	34.13
EKSO	6.26	1.33	0.23	0.59	5.51	(7.45)	10.72	(9.07)	112.11
TXMD	5.28	1.14	0.18	0.65	5.98	(6.14)	13.33	(10.59)	43.93
ANL	8.56	3.88	0.51	(3.90)	5.37	(10.85)	25.00	(12.79)	100.98
NVNO	5.66	(1.29)	0.00	(0.44)	0.00	0.00	8.99	(10.09)	41.30
OSRH	6.34	(0.11)	0.00	0.04	6.64	(7.88)	15.25	(11.11)	43.23
ALUR	5.94	(0.63)	0.00	(0.09)	0.00	0.00	16.54	(11.33)	40.95
GOVX	5.35	(2.30)	0.00	(0.80)	0.00	0.00	9.38	(13.70)	42.89
ADAP	12.64	0.62	0.03	(1.50)	15.04	(16.63)	22.82	(18.18)	168.52

Aytu BioScience Corporate Management

Russ McMahen	Senior Development	Profile
Christopher Brooke	Chief Officer	Profile
Margaret Cabano	Vice Operations	Profile
Gerwin Westfield	Senior Affairs	Profile
Topher Brooke	Chief Officer	Profile

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