BioNexus Gene Correlations

BGLC Stock

USD 2.83 0.00 0.00%

The current 90-days correlation between BioNexus Gene Lab and Advanced Biomed Common is 0.02 (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 -0.71 (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 metropolitan statistical area.

Moving together with BioNexus Stock

0.63	LWLG	Lightwave Logic	Pair Corr
0.84	ADVWW	Advantage Solutions	Pair Corr
0.81	MAPSW	WM Technology	Pair Corr
0.82	GCMGW	GCM Grosvenor	Pair Corr
0.71	ENSV	Enservco	Pair Corr

Moving against BioNexus Stock

0.86	AXTA	Axalta Coating Systems Earnings Call Tomorrow	Pair Corr
0.81	ATCOL	Atlas Corp	Pair Corr
0.81	CDLR	Cadeler AS	Pair Corr
0.74	PPHI	Positive Physicians	Pair Corr
0.7	TNSGF	Findev Inc	Pair Corr
0.6	TYIDF	Toyota Industries Corp Earnings Call Today	Pair Corr
0.6	CW	Curtiss Wright	Pair Corr
0.93	NHYDY	Norsk Hydro ASA	Pair Corr
0.89	TLSNF	Telia Company	Pair Corr
0.84	ASML	ASML Holding NV	Pair Corr
0.74	AAVXF	ABIVAX Socit Anonyme	Pair Corr
0.74	TCX	Tucows Inc	Pair Corr
0.73	LOVFF	Cannara Biotech	Pair Corr
0.69	BWA	BorgWarner Earnings Call This Week	Pair Corr
0.66	UGP	Ultrapar Participacoes	Pair Corr
0.65	DIOD	Diodes Incorporated Earnings Call This Week	Pair Corr
0.65	MTSFY	Mitsui Fudosan Earnings Call This Week	Pair Corr
0.61	AXIN	Axiom Intelligence	Pair Corr
0.55	INDV	Indivior PLC Ordinary	Pair Corr
0.53	MNMD	Mind Medicine Symbol Change	Pair Corr
0.46	PESI	Perma Fix Environmental	Pair Corr
0.43	ATGVF	Active Energy Group	Pair Corr
0.42	HKTGF	Hikari Tsushin	Pair Corr
0.38	URBN	Urban Outfitters	Pair Corr
0.32	META	Meta Platforms Aggressive Push	Pair Corr

Related Correlations Analysis

	ADVB	TRIB	CHEK	APM	XAIR	MBIO	GLTO	LFWD	LYRA	AEON
ADVB		0.42	-0.29	0.83	0.4	0.85	-0.59	-0.34	0.81	-0.63	ADVB
TRIB	0.42		-0.04	0.46	-0.11	0.48	-0.06	0.07	0.54	-0.62	TRIB
CHEK	-0.29	-0.04		-0.02	-0.39	-0.27	0.49	0.16	-0.42	-0.27	CHEK
APM	0.83	0.46	-0.02		0.28	0.81	-0.49	-0.35	0.77	-0.81	APM
XAIR	0.4	-0.11	-0.39	0.28		0.49	-0.55	-0.03	0.21	-0.04	XAIR
MBIO	0.85	0.48	-0.27	0.81	0.49		-0.65	-0.14	0.82	-0.69	MBIO
GLTO	-0.59	-0.06	0.49	-0.49	-0.55	-0.65		0.45	-0.62	0.24	GLTO
LFWD	-0.34	0.07	0.16	-0.35	-0.03	-0.14	0.45		-0.21	0.17	LFWD
LYRA	0.81	0.54	-0.42	0.77	0.21	0.82	-0.62	-0.21		-0.59	LYRA
AEON	-0.63	-0.62	-0.27	-0.81	-0.04	-0.69	0.24	0.17	-0.59		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

MBIO	+ 0.85	ADVB
APM	+ 0.83	ADVB
LYRA	+ 0.82	MBIO
LYRA	+ 0.81	ADVB
MBIO	+ 0.81	APM
LYRA	+ 0.77	APM

High negative correlations

AEON	- 0.81	APM
AEON	- 0.69	MBIO
GLTO	- 0.65	MBIO
AEON	- 0.63	ADVB
LYRA	- 0.62	GLTO
AEON	- 0.62	TRIB

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	4.39	(0.55)	0.00	(0.42)	0.00	0.00	10.00	(10.81)	39.70
TRIB	4.25	(0.11)	0.00	(0.04)	0.00	0.00	12.86	(6.82)	64.13
CHEK	9.87	3.17	0.42	(0.62)	6.07	(13.88)	17.16	(10.37)	198.26
APM	3.05	(0.62)	0.00	(2.41)	0.00	0.00	5.38	(6.59)	28.25
XAIR	7.25	0.33	0.02	(0.04)	6.20	(12.76)	14.46	(10.16)	163.02
MBIO	3.03	(0.60)	0.00	(1.57)	0.00	0.00	7.00	(6.31)	21.51
GLTO	10.97	3.95	0.49	0.55	6.89	(14.08)	17.97	(14.66)	273.14
LFWD	4.18	0.01	0.00	0.05	4.34	(5.37)	10.14	(6.58)	34.28
LYRA	5.31	(1.50)	0.00	(0.73)	0.00	0.00	7.97	(12.75)	66.89
AEON	4.48	0.47	0.08	0.80	5.30	(5.13)	10.34	(8.54)	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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