Bioatla Correlations

BCAB Stock

USD 0.32 0.02 5.88%

The current 90-days correlation between Bioatla and Celularity is 0.01 (i.e., Significant diversification). The correlation of Bioatla 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.

Bioatla Correlation With Market

Good diversification

The correlation between Bioatla and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bioatla and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bioatla Stock

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

For information on how to trade Bioatla Stock refer to our How to Trade Bioatla Stock guide.

Moving together with Bioatla Stock

0.76

DWTX

Dogwood Therapeutics

Pair Corr

Moving against Bioatla Stock

0.53	VALN	Valneva SE ADR	Pair Corr
0.48	DRUG	Bright Minds Biosciences	Pair Corr
0.45	688578	Shanghai Allist Phar	Pair Corr
0.39	VERA	Vera Therapeutics	Pair Corr
0.77	DRTS	Alpha Tau Medical	Pair Corr
0.65	DVAX	Dynavax Technologies	Pair Corr
0.58	0P6S	Bayer AG NA	Pair Corr
0.61	300238	Guanhao Biotech	Pair Corr
0.55	VNDA	Vanda Pharmaceuticals	Pair Corr
0.54	SRZNW	Surrozen Warrant	Pair Corr
0.35	VTVT	vTv Therapeutics	Pair Corr
0.34	ALA	Arovella Therapeutics	Pair Corr
0.33	VRTX	Vertex Pharmaceuticals	Pair Corr

Related Correlations Analysis

	CELU	PYPD	ANVS	RVPH	EVAX	BTAI	MURA	GBIO	VERU	MRSN
CELU		-0.76	-0.22	0.68	0.55	0.7	0.25	0.23	0.63	-0.64	CELU
PYPD	-0.76		0.45	-0.59	-0.52	-0.4	-0.36	-0.34	-0.66	0.8	PYPD
ANVS	-0.22	0.45		-0.07	-0.38	-0.2	0.17	-0.54	-0.65	0.64	ANVS
RVPH	0.68	-0.59	-0.07		0.51	0.48	0.41	0.0	0.34	-0.35	RVPH
EVAX	0.55	-0.52	-0.38	0.51		0.69	0.08	0.56	0.63	-0.42	EVAX
BTAI	0.7	-0.4	-0.2	0.48	0.69		-0.17	0.58	0.71	-0.28	BTAI
MURA	0.25	-0.36	0.17	0.41	0.08	-0.17		-0.2	-0.03	-0.08	MURA
GBIO	0.23	-0.34	-0.54	0.0	0.56	0.58	-0.2		0.8	-0.24	GBIO
VERU	0.63	-0.66	-0.65	0.34	0.63	0.71	-0.03	0.8		-0.58	VERU
MRSN	-0.64	0.8	0.64	-0.35	-0.42	-0.28	-0.08	-0.24	-0.58		MRSN
	CELU	PYPD	ANVS	RVPH	EVAX	BTAI	MURA	GBIO	VERU	MRSN

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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

MRSN	+ 0.8	PYPD
VERU	+ 0.8	GBIO
VERU	+ 0.71	BTAI
BTAI	+ 0.7	CELU
BTAI	+ 0.69	EVAX
RVPH	+ 0.68	CELU

High negative correlations

PYPD	- 0.76	CELU
VERU	- 0.66	PYPD
VERU	- 0.65	ANVS
MRSN	- 0.64	CELU
RVPH	- 0.59	PYPD
MRSN	- 0.58	VERU

Risk-Adjusted Indicators

There is a big difference between Bioatla Stock performing well and Bioatla 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 Bioatla'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
CELU	3.61	(0.71)	0.00	(0.50)	0.00	0.00	9.01	(8.97)	26.97
PYPD	1.74	0.42	0.19	0.79	1.57	(2.11)	4.76	(2.58)	13.34
ANVS	5.35	0.85	0.14	1.36	5.34	(6.22)	14.79	(9.57)	41.06
RVPH	6.53	(0.53)	0.00	(0.25)	0.00	0.00	10.71	(13.24)	75.31
EVAX	5.12	(1.04)	0.00	(4.26)	0.00	0.00	9.15	(12.81)	37.88
BTAI	4.16	(0.40)	0.00	(6.19)	0.00	0.00	8.90	(8.21)	21.49
MURA	0.38	(0.03)	0.00	(0.48)	0.00	0.00	0.96	(0.48)	4.78
GBIO	1.74	(0.31)	0.00	(0.34)	0.00	0.00	2.74	(4.05)	12.30
VERU	3.42	(0.53)	0.00	1.19	0.00	0.00	6.17	(8.61)	21.79
MRSN	7.16	3.27	0.83	0.99	2.27	(7.83)	7.25	(6.26)	210.61

Bioatla Corporate Management

Gerhard Frey	Senior Development	Profile
Cathy Chang	Senior Development	Profile
Christian CPA	Controller Officer	Profile
Sheri Lydick	Chief Officer	Profile
Philippe Martin	Chief Operations	Profile
Monica Sullivan	Senior Contracts	Profile
Christian Vasquez	Controller Officer	Profile

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