BioNexus Gene Correlations

BGLC Stock

USD 2.53 0.14 5.86%

The current 90-days correlation between BioNexus Gene Lab and Advanced Biomed Common is 0.04 (i.e., Significant diversification). The correlation of BioNexus Gene 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.

BioNexus Gene Correlation With Market

Pay attention - limited upside

The correlation between BioNexus Gene Lab and DJI is -0.75 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BioNexus Gene Lab and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BioNexus Stock

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

Moving together with BioNexus Stock

0.7	4QT1	HEXPOL AB	Pair Corr
0.94	M5S	Marna Beteiligungen	Pair Corr
0.87	UT8	Uber Technologies	Pair Corr
0.81	NANO	Nano One Materials	Pair Corr
0.9	FSI	Flexible Solutions	Pair Corr

Moving against BioNexus Stock

0.92	CE	Celanese	Pair Corr
0.92	EMSN	EMS CHEMIE HOLDING	Pair Corr
0.91	2CU	Chemours	Pair Corr
0.87	EMB	5N PLUS	Pair Corr
0.84	WCH	Wacker Chemie AG	Pair Corr
0.83	SZ8	Sumitomo Bakelite	Pair Corr
0.83	LXS	LANXESS Aktiengesellscha	Pair Corr
0.83	22E	TRI CHEMICAL LABORATINC	Pair Corr
0.71	FF	FutureFuel Corp	Pair Corr
0.67	SQU	Vinci S A	Pair Corr
0.65	SAO	Sasol	Pair Corr
0.92	PY9	Avient	Pair Corr
0.89	ECL	Ecolab Inc	Pair Corr
0.88	K1W	Kronos Worldwide	Pair Corr
0.88	NPV	Nippon Carbon	Pair Corr
0.84	18RA	Select Energy Services	Pair Corr
0.82	FMV	First Majestic Silver	Pair Corr
0.82	OCT	Innospec	Pair Corr
0.78	AFW	Align Technology	Pair Corr
0.75	ALB	Albemarle Corp Downward Rally	Pair Corr
0.74	RP8	RPM International	Pair Corr
0.64	ASH	Ashland Global Holdings	Pair Corr
0.38	SAT	SAGA PURE ASA	Pair Corr
0.97	PPG	PPG Industries	Pair Corr
0.94	MTX	Minerals Technologies	Pair Corr
0.94	SCL	Stepan Company	Pair Corr
0.92	KWR	Quaker Chemical	Pair Corr
0.86	RPM	RPM International	Pair Corr
0.85	IFF	International Flavors	Pair Corr

Related Correlations Analysis

	ADVB	TRIB	CHEK	APM	XAIR	MBIO	GLTO	LFWD	LYRA	AEON
ADVB		0.57	-0.11	0.9	0.06	0.82	-0.4	0.56	0.85	-0.61	ADVB
TRIB	0.57		0.01	0.59	-0.09	0.55	0.06	0.39	0.63	-0.68	TRIB
CHEK	-0.11	0.01		-0.22	-0.41	-0.22	0.53	0.27	0.05	0.28	CHEK
APM	0.9	0.59	-0.22		0.03	0.85	-0.35	0.42	0.85	-0.75	APM
XAIR	0.06	-0.09	-0.41	0.03		0.12	-0.09	0.24	-0.27	0.08	XAIR
MBIO	0.82	0.55	-0.22	0.85	0.12		-0.25	0.44	0.75	-0.62	MBIO
GLTO	-0.4	0.06	0.53	-0.35	-0.09	-0.25		0.05	-0.21	0.25	GLTO
LFWD	0.56	0.39	0.27	0.42	0.24	0.44	0.05		0.5	-0.21	LFWD
LYRA	0.85	0.63	0.05	0.85	-0.27	0.75	-0.21	0.5		-0.64	LYRA
AEON	-0.61	-0.68	0.28	-0.75	0.08	-0.62	0.25	-0.21	-0.64		AEON
	ADVB	TRIB	CHEK	APM	XAIR	MBIO	GLTO	LFWD	LYRA	AEON

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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

APM	+ 0.9	ADVB
LYRA	+ 0.85	ADVB
MBIO	+ 0.85	APM
LYRA	+ 0.85	APM
MBIO	+ 0.82	ADVB
LYRA	+ 0.75	MBIO

High negative correlations

AEON	- 0.75	APM
AEON	- 0.68	TRIB
AEON	- 0.64	LYRA
AEON	- 0.62	MBIO
AEON	- 0.61	ADVB
XAIR	- 0.41	CHEK

Risk-Adjusted Indicators

There is a big difference between BioNexus Stock performing well and BioNexus Gene 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 BioNexus Gene'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
ADVB	4.24	(1.04)	0.00	(1.44)	0.00	0.00	9.03	(10.69)	28.02
TRIB	4.72	0.00	0.00	0.10	5.23	(9.31)	12.86	(8.97)	64.13
CHEK	9.87	3.43	0.41	(0.62)	6.07	(13.88)	17.16	(10.37)	198.26
APM	3.58	(1.06)	0.00	(1.05)	0.00	0.00	5.51	(10.53)	28.13
XAIR	7.28	0.46	0.07	0.58	5.72	(13.20)	14.46	(9.88)	163.02
MBIO	3.62	(0.19)	0.00	(4.64)	0.00	0.00	9.18	(7.22)	27.04
GLTO	5.99	1.01	0.12	2.33	7.36	(6.53)	14.48	(12.91)	44.62
LFWD	4.49	(0.14)	(0.01)	0.03	5.06	(5.55)	10.43	(7.12)	43.72
LYRA	5.67	(1.01)	0.00	(0.98)	0.00	0.00	13.48	(12.75)	66.89
AEON	4.53	0.40	0.06	0.55	5.38	(5.32)	13.33	(8.65)	33.74

BioNexus Gene Corporate Management

Set Chong	Chief Officer	Profile
Sook Yeoh	CEO Director	Profile
Kwan Chan	Marketing Manager	Profile
Too Tham	Managing Director	Profile
Wei Leong	CFO Officer	Profile

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