BioAdaptives Correlations

BDPT Stock

USD 0.10 0.07 233.33%

The correlation of BioAdaptives 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.

BioAdaptives Correlation With Market

Good diversification

The correlation between BioAdaptives and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BioAdaptives and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with BioAdaptives Pink Sheet

0.8	FMCB	Farmers Merchants Bancorp	Pair Corr
0.7	FUWAF	Furukawa Electric	Pair Corr
0.68	DXYZ	Destiny Tech100	Pair Corr
0.84	RCAT	Red Cat Holdings Trending	Pair Corr
0.68	SNOW	Snowflake Trending	Pair Corr

Moving against BioAdaptives Pink Sheet

0.59	KHC	Kraft Heinz	Pair Corr
0.51	NSRGF	Nestle SA	Pair Corr
0.48	GIS	General Mills	Pair Corr
0.46	YAMHF	Yamaha Motor	Pair Corr
0.45	GPDNF	Danone SA	Pair Corr
0.42	BMBOY	Grupo Bimbo SAB	Pair Corr
0.36	GRBMF	Grupo Bimbo SAB	Pair Corr
0.36	MKC-V	McCormick Company	Pair Corr
0.34	DAIUF	Daifuku	Pair Corr
0.33	NDEKY	Nitto Denko Corp	Pair Corr

Related Correlations Analysis

	NHMD	QEDN	BLEG	GHAV	RTON	YCRM	BTOG	BSFC	BTTR	SNAX
NHMD		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NHMD
QEDN	0.0		0.45	0.02	0.03	0.46	0.5	0.6	0.46	0.57	QEDN
BLEG	0.0	0.45		0.19	-0.2	0.47	0.29	0.66	0.63	0.76	BLEG
GHAV	0.0	0.02	0.19		-0.73	0.01	-0.46	0.52	0.57	0.12	GHAV
RTON	0.0	0.03	-0.2	-0.73		-0.04	0.31	-0.35	-0.53	-0.02	RTON
YCRM	0.0	0.46	0.47	0.01	-0.04		0.4	0.48	0.55	0.55	YCRM
BTOG	0.0	0.5	0.29	-0.46	0.31	0.4		0.17	0.06	0.41	BTOG
BSFC	0.0	0.6	0.66	0.52	-0.35	0.48	0.17		0.83	0.75	BSFC
BTTR	0.0	0.46	0.63	0.57	-0.53	0.55	0.06	0.83		0.61	BTTR
SNAX	0.0	0.57	0.76	0.12	-0.02	0.55	0.41	0.75	0.61		SNAX
	NHMD	QEDN	BLEG	GHAV	RTON	YCRM	BTOG	BSFC	BTTR	SNAX

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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

BTTR	+ 0.83	BSFC
SNAX	+ 0.76	BLEG
SNAX	+ 0.75	BSFC
BSFC	+ 0.66	BLEG
BTTR	+ 0.63	BLEG
SNAX	+ 0.61	BTTR

High negative correlations

RTON	- 0.73	GHAV
BTTR	- 0.53	RTON
BTOG	- 0.46	GHAV
BSFC	- 0.35	RTON
RTON	- 0.2	BLEG
YCRM	- 0.04	RTON

Risk-Adjusted Indicators

There is a big difference between BioAdaptives Pink Sheet performing well and BioAdaptives 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 BioAdaptives' 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
NHMD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QEDN	8.73	(0.21)	0.00	0.04	9.53	(18.13)	20.00	(16.67)	40.00
BLEG	8.65	1.96	0.02	(0.16)	12.36	(58.22)	40.00	(28.57)	150.00
GHAV	6.43	(0.35)	0.00	2.09	0.00	0.00	20.00	(16.67)	49.49
RTON	17.10	3.62	0.10	(0.38)	19.72	(19.17)	39.67	(36.36)	109.23
YCRM	11.87	2.41	0.06	(0.27)	12.95	(40.85)	38.89	(32.00)	172.73
BTOG	4.96	(0.27)	0.00	(0.36)	0.00	0.00	11.49	(11.38)	33.17
BSFC	5.67	(2.22)	0.00	(8.07)	0.00	0.00	7.84	(13.11)	56.92
BTTR	5.74	(0.87)	0.00	(0.25)	0.00	0.00	9.94	(12.38)	33.95
SNAX	4.65	(0.75)	0.00	(1.23)	0.00	0.00	10.13	(8.51)	58.01

Be your own money manager

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