Biofrontera Correlations
| BFRI Stock | USD 0.92 0.07 8.24% |
The current 90-days correlation between Biofrontera and Gelteq Limited Ordinary is 0.15 (i.e., Average diversification). The correlation of Biofrontera 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.
Biofrontera Correlation With Market
Weak diversification
The correlation between Biofrontera and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Biofrontera and DJI in the same portfolio, assuming nothing else is changed.
Biofrontera | Build AI portfolio with Biofrontera Stock |
Moving together with Biofrontera Stock
| 0.69 | 8VP1 | AVRICORE HEALTH INC | PairCorr |
| 0.7 | DNLI | Denali Therapeutics Earnings Call This Week | PairCorr |
| 0.65 | DNTH | Dianthus Therapeutics | PairCorr |
| 0.64 | 6C1 | CytomX Therapeutics Earnings Call This Week | PairCorr |
| 0.65 | AVH | Avita Medical | PairCorr |
| 0.64 | DVAX | Dynavax Technologies | PairCorr |
Moving against Biofrontera Stock
| 0.34 | OSE | OSE Pharma SA | PairCorr |
| 0.32 | RAC | Race Oncology | PairCorr |
| 0.32 | DXB | Dimerix | PairCorr |
| 0.32 | DTIL | Precision BioSciences | PairCorr |
| 0.49 | BIM | Biomerieux SA Earnings Call Tomorrow | PairCorr |
| 0.43 | DWTX | Dogwood Therapeutics | PairCorr |
| 0.39 | VKTX | Viking Therapeutics | PairCorr |
| 0.34 | IGS1 | India Globalization | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Biofrontera Stock performing well and Biofrontera 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 Biofrontera'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GELS | 4.22 | (0.41) | 0.00 | (0.13) | 0.00 | 6.90 | 55.89 | |||
| PRPH | 8.53 | (3.27) | 0.00 | 1.51 | 0.00 | 15.47 | 77.27 | |||
| AYTU | 2.68 | 0.17 | 0.04 | 0.29 | 3.49 | 5.16 | 16.84 | |||
| EVGN | 2.91 | (0.44) | 0.00 | (0.45) | 0.00 | 4.63 | 24.89 | |||
| DWTX | 4.29 | (1.04) | 0.00 | (0.71) | 0.00 | 7.36 | 32.32 | |||
| SNSE | 8.77 | 3.14 | 0.61 | 1.66 | 4.19 | 20.56 | 190.11 | |||
| TRIB | 4.72 | 0.00 | 0.00 | 0.10 | 5.23 | 12.86 | 64.13 | |||
| COCP | 2.57 | (0.12) | 0.01 | 0.05 | 2.74 | 6.67 | 20.52 | |||
| IMNN | 2.70 | (0.26) | 0.00 | (0.45) | 0.00 | 6.74 | 21.83 | |||
| SBFM | 1.91 | (0.35) | 0.00 | (4.01) | 0.00 | 4.13 | 13.93 |