Bio Green Correlations

BGMS Stock

1.37 0.01 0.74%

The current 90-days correlation between Bio Green Med and Silo Pharma is 0.31 (i.e., Weak diversification). The correlation of Bio Green 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.

Bio Green Correlation With Market

Average diversification

The correlation between Bio Green Med and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bio Green Med and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bio Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bio Green Med. 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 Bio Stock

0.66	LH	Laboratory	Pair Corr
0.67	UNH	UnitedHealth Group CDR Earnings Call This Week	Pair Corr
0.64	300015	Aier Eye Hospital	Pair Corr
0.66	UNH	UnitedHealth Group	Pair Corr
0.9	OPT	Optima Health plc	Pair Corr
0.76	ACHC	Acadia Healthcare	Pair Corr
0.74	WELL	WELL Health Technologies	Pair Corr
0.64	JD	JD Inc Adr	Pair Corr

Moving against Bio Stock

0.83	HCA	HCA Holdings	Pair Corr
0.81	CAH	Cardinal Health	Pair Corr
0.73	MCK	McKesson	Pair Corr
0.6	NHC	National HealthCare	Pair Corr
0.54	DR	Medical Facilities	Pair Corr
0.49	NPTH	NeuPath Health	Pair Corr
0.6	DQ	Daqo New Energy	Pair Corr
0.54	VLKAF	Volkswagen AG	Pair Corr
0.52	SAR	Saratoga Investment Corp	Pair Corr
0.5	VWAGY	Volkswagen AG 110	Pair Corr
0.47	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.41	VLKPF	Volkswagen AG VZO	Pair Corr
0.4	ACN	Accenture plc	Pair Corr
0.31	WMT	Walmart Common Stock	Pair Corr
0.31	KCRD	Kindcard	Pair Corr

Related Correlations Analysis

	BBLG	BFRG	MSPR	BNBX	NAOV	CNSP	VERO	MOVE	SXTP	SILO
BBLG		0.92	0.79	0.76	0.54	0.89	0.85	-0.57	0.75	0.86	BBLG
BFRG	0.92		0.84	0.83	0.58	0.9	0.89	-0.43	0.84	0.91	BFRG
MSPR	0.79	0.84		0.84	0.77	0.91	0.86	-0.28	0.89	0.89	MSPR
BNBX	0.76	0.83	0.84		0.72	0.82	0.87	-0.32	0.93	0.88	BNBX
NAOV	0.54	0.58	0.77	0.72		0.66	0.69	-0.19	0.82	0.68	NAOV
CNSP	0.89	0.9	0.91	0.82	0.66		0.91	-0.33	0.85	0.91	CNSP
VERO	0.85	0.89	0.86	0.87	0.69	0.91		-0.37	0.9	0.91	VERO
MOVE	-0.57	-0.43	-0.28	-0.32	-0.19	-0.33	-0.37		-0.28	-0.42	MOVE
SXTP	0.75	0.84	0.89	0.93	0.82	0.85	0.9	-0.28		0.91	SXTP
SILO	0.86	0.91	0.89	0.88	0.68	0.91	0.91	-0.42	0.91		SILO
	BBLG	BFRG	MSPR	BNBX	NAOV	CNSP	VERO	MOVE	SXTP	SILO

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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

SXTP	+ 0.93	BNBX
BFRG	+ 0.92	BBLG
SILO	+ 0.91	BFRG
CNSP	+ 0.91	MSPR
VERO	+ 0.91	CNSP
SILO	+ 0.91	CNSP

High negative correlations

MOVE	- 0.57	BBLG
MOVE	- 0.43	BFRG
SILO	- 0.42	MOVE
MOVE	- 0.37	VERO
MOVE	- 0.33	CNSP
MOVE	- 0.32	BNBX

Risk-Adjusted Indicators

There is a big difference between Bio Stock performing well and Bio Green 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 Bio Green'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
BBLG	3.64	(0.75)	0.00	(0.35)	0.00	0.00	6.84	(9.55)	22.82
BFRG	3.97	(1.07)	0.00	(0.24)	0.00	0.00	11.22	(8.33)	22.84
MSPR	16.68	(0.61)	0.00	0.35	0.00	0.00	45.45	(36.84)	200.36
BNBX	5.46	(1.33)	0.00	(1.58)	0.00	0.00	11.06	(13.40)	70.35
NAOV	5.98	0.31	0.00	0.02	0.00	0.00	10.43	(9.07)	93.37
CNSP	3.22	(0.84)	0.00	(0.59)	0.00	0.00	6.98	(6.88)	23.18
VERO	3.89	(0.53)	0.00	(0.37)	0.00	0.00	8.14	(8.07)	54.80
MOVE	7.58	0.79	0.16	0.23	6.54	(9.52)	10.98	(14.03)	164.71
SXTP	3.98	(1.47)	0.00	(0.94)	0.00	0.00	6.12	(9.52)	34.02
SILO	4.04	(1.06)	0.00	(0.20)	0.00	0.00	8.57	(10.00)	24.79

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