BioCube Correlations

BICB Stock

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The current 90-days correlation between BioCube and Southern ITS International is -0.11 (i.e., Good diversification). The correlation of BioCube 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.

BioCube Correlation With Market

Pay attention - limited upside

The correlation between BioCube 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 BioCube and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with BioCube Pink Sheet

0.75	XXI	Twenty One Capital	Pair Corr
0.62	MNTN	MNTN Inc	Pair Corr

Moving against BioCube Pink Sheet

0.81	LION	Lionsgate Studios Holding Buyout Trend	Pair Corr
0.79	PDER	Pardee Resources	Pair Corr
0.76	ASHTF	Ashtead Group plc	Pair Corr
0.73	PBAJ	Petro Usa	Pair Corr
0.73	TFC	Truist Financial Corp	Pair Corr
0.73	FMFP	First Community Financial	Pair Corr
0.67	AOZOY	Aozora Bank	Pair Corr
0.65	BHB	Bar Harbor Bankshares	Pair Corr
0.62	ENBP	ENB Financial Corp	Pair Corr
0.58	MOG-A	Moog Inc	Pair Corr
0.53	CMTV	Community Bancorp Common	Pair Corr
0.51	ASX	ASE Industrial Holding	Pair Corr
0.5	ABCB	Ameris Bancorp	Pair Corr
0.48	DOCKF	Beyond Medical Techn	Pair Corr
0.43	ITW	Illinois Tool Works	Pair Corr
0.4	TRP	TC Energy Corp	Pair Corr
0.35	NBTRF	Nobel Resources Corp	Pair Corr
0.31	CGON	CG Oncology Common	Pair Corr
0.95	ARNI	Arno Therapeutics	Pair Corr
0.76	ICAGY	International Consolidated	Pair Corr
0.72	GL-PD	Globe Life 425	Pair Corr
0.72	WZZZY	Wizz Air Holdings	Pair Corr
0.69	ALEEF	Alerio Gold Corp	Pair Corr
0.67	BCO	Brinks Company	Pair Corr
0.66	TKO	TKO Group Holdings Earnings Call This Week	Pair Corr
0.64	DREUF	Dream Industrial Real	Pair Corr
0.6	CMI	Cummins	Pair Corr

Related Correlations Analysis

	SITS	SHGI	ABVN	QUAN	CSTXF	SOLCF	SMEV	SSPLF	ORLCF
SITS		0.33	0.43	0.59	0.01	0.69	-0.21	-0.33	-0.5	SITS
SHGI	0.33		0.37	0.49	-0.07	0.41	-0.03	-0.38	-0.42	SHGI
ABVN	0.43	0.37		0.47	0.02	0.47	-0.23	-0.1	-0.28	ABVN
QUAN	0.59	0.49	0.47		0.22	0.75	-0.19	-0.5	-0.6	QUAN
CSTXF	0.01	-0.07	0.02	0.22		0.24	-0.35	0.22	-0.06	CSTXF
SOLCF	0.69	0.41	0.47	0.75	0.24		-0.36	-0.4	-0.62	SOLCF
SMEV	-0.21	-0.03	-0.23	-0.19	-0.35	-0.36		-0.01	0.03	SMEV
SSPLF	-0.33	-0.38	-0.1	-0.5	0.22	-0.4	-0.01		0.51	SSPLF
ORLCF	-0.5	-0.42	-0.28	-0.6	-0.06	-0.62	0.03	0.51		ORLCF
	SITS	SHGI	ABVN	QUAN	CSTXF	SOLCF	SMEV	SSPLF	ORLCF

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

SOLCF	+ 0.75	QUAN
SOLCF	+ 0.69	SITS
QUAN	+ 0.59	SITS
ORLCF	+ 0.51	SSPLF
QUAN	+ 0.49	SHGI
QUAN	+ 0.47	ABVN

High negative correlations

ORLCF	- 0.62	SOLCF
ORLCF	- 0.6	QUAN
SSPLF	- 0.5	QUAN
ORLCF	- 0.5	SITS
ORLCF	- 0.42	SHGI
SSPLF	- 0.4	SOLCF

Risk-Adjusted Indicators

There is a big difference between BioCube Pink Sheet performing well and BioCube 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 BioCube'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
SITS	5.99	(0.01)	0.00	0.06	7.18	(7.66)	19.70	(12.11)	44.91
SHGI	9.67	1.03	0.03	0.36	13.24	(46.92)	30.00	(46.15)	131.87
ABVN	2.85	(1.28)	0.00	7.83	0.00	0.00	0.00	0.00	81.85
QUAN	7.57	(0.06)	0.00	0.04	9.07	(8.70)	17.85	(16.22)	41.42
CSTXF	10.76	2.10	0.06	(0.38)	12.32	(27.08)	43.90	(29.58)	114.39
SOLCF	8.44	(0.87)	0.00	(0.25)	0.00	0.00	23.50	(21.47)	66.07
SMEV	2.14	0.30	0.03	(0.37)	2.56	(9.08)	12.00	(5.41)	35.52
SSPLF	5.70	1.25	0.00	0.92	0.00	0.00	31.58	(5.87)	114.10
ORLCF	6.44	0.60	0.07	0.81	7.52	(8.01)	13.04	(13.23)	68.46

Be your own money manager

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