BIONTECH Correlations

B1NT34 Stock

BRL 43.30 2.50 6.13%

The correlation of BIONTECH 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.

The ability to find closely correlated positions to BIONTECH could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BIONTECH 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 BIONTECH - 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 BIONTECH SE DRN to buy it.

Moving together with BIONTECH Stock

0.64

A1SN34

Ascendis Pharma AS

Pair Corr

Moving against BIONTECH Stock

0.66	M1RN34	Moderna	Pair Corr
0.5	CARE11	Mxima Renda Corporativa	Pair Corr
0.46	BSLI4	BRB Banco	Pair Corr
0.31	JBSS3F	JBS ON NM	Pair Corr

Related Correlations Analysis

	FRAS3	CLIN11	BTLG11	E1RI34	C1AB34	RAPT3	GOGL35	NCRI11
FRAS3		-0.21	-0.76	0.74	0.09	0.69	0.4	0.07	FRAS3
CLIN11	-0.21		0.48	-0.24	-0.21	-0.15	-0.25	0.06	CLIN11
BTLG11	-0.76	0.48		-0.79	-0.38	-0.7	-0.67	-0.16	BTLG11
E1RI34	0.74	-0.24	-0.79		0.59	0.9	0.79	-0.21	E1RI34
C1AB34	0.09	-0.21	-0.38	0.59		0.61	0.78	-0.36	C1AB34
RAPT3	0.69	-0.15	-0.7	0.9	0.61		0.78	-0.16	RAPT3
GOGL35	0.4	-0.25	-0.67	0.79	0.78	0.78		-0.2	GOGL35
NCRI11	0.07	0.06	-0.16	-0.21	-0.36	-0.16	-0.2		NCRI11
	FRAS3	CLIN11	BTLG11	E1RI34	C1AB34	RAPT3	GOGL35	NCRI11

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

RAPT3	+ 0.9	E1RI34
GOGL35	+ 0.79	E1RI34
GOGL35	+ 0.78	C1AB34
GOGL35	+ 0.78	RAPT3
E1RI34	+ 0.74	FRAS3
RAPT3	+ 0.69	FRAS3

High negative correlations

E1RI34	- 0.79	BTLG11
BTLG11	- 0.76	FRAS3
RAPT3	- 0.7	BTLG11
GOGL35	- 0.67	BTLG11
C1AB34	- 0.38	BTLG11
NCRI11	- 0.36	C1AB34

Risk-Adjusted Indicators

There is a big difference between BIONTECH Stock performing well and BIONTECH 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 BIONTECH'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
FRAS3	1.06	0.22	0.08	19.95	1.07	(1.22)	2.80	(1.71)	8.74
CLIN11	0.67	(0.04)	0.00	0.53	0.00	0.00	1.01	(1.58)	4.19
BTLG11	0.52	(0.10)	0.00	(1.44)	0.00	0.00	0.98	(1.29)	4.73
E1RI34	1.24	0.22	0.10	0.70	0.87	(2.11)	3.48	(2.09)	16.05
C1AB34	1.48	0.29	0.11	0.43	1.28	(2.51)	4.35	(2.60)	14.25
RAPT3	1.23	0.07	(0.01)	0.40	1.37	(1.37)	2.43	(2.47)	9.30
GOGL35	1.23	0.11	(0.02)	(0.47)	1.59	(1.33)	2.59	(2.88)	8.33
NCRI11	1.67	(0.13)	0.00	(0.32)	0.00	0.00	4.40	(3.49)	11.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in BIONTECH 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.

Did you try this?

Run Volatility Analysis Now

Volatility Analysis

Get historical volatility and risk analysis based on latest market data

All Next

Launch Module

BIONTECH Corporate Management

Elected by the shareholders, the BIONTECH's board of directors comprises two types of representatives: BIONTECH inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BIONTECH. The board's role is to monitor BIONTECH's management team and ensure that shareholders' interests are well served. BIONTECH's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BIONTECH's outside directors are responsible for providing unbiased perspectives on the board's policies.

Jens Holstein	CFO Board	Profile
Sylke Maas	VP Strategy	Profile
James Ryan	Sr Counsel	Profile
Michael Boehler	MD Communications	Profile
Ryan Richardson	MD Officer	Profile
Sierk Poetting	COO MD	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC