BioCorRx Correlations

BICX Stock

USD 0.30 0.08 21.05%

The current 90-days correlation between BioCorRx and Veltex is -0.05 (i.e., Good diversification). The correlation of BioCorRx 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.

BioCorRx Correlation With Market

Very good diversification

The correlation between BioCorRx and DJI is -0.39 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BioCorRx and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against BioCorRx OTC Stock

0.51	CHOLF	China Oilfield Services	Pair Corr
0.46	EAF	GrafTech International	Pair Corr
0.39	WF	Woori Financial Group	Pair Corr
0.38	BCH	Banco De Chile Earnings Call This Week	Pair Corr
0.37	BDULF	Bangkok Dusit Medical	Pair Corr
0.31	SLB	Schlumberger NV Sell-off Trend	Pair Corr
0.31	TTFNF	TotalEnergies SE	Pair Corr
0.59	H	Hyatt Hotels	Pair Corr
0.59	FRFC	First Robinson Financial	Pair Corr
0.57	WFC	Wells Fargo Sell-off Trend	Pair Corr
0.5	PAA	Plains All American Sell-off Trend	Pair Corr
0.49	SPGX	Sustainable Projects	Pair Corr
0.46	MBGAF	Mercedes Benz Group	Pair Corr
0.44	CTKB	Cytek Biosciences	Pair Corr
0.42	CUEN	Cuentas	Pair Corr
0.41	EPD	Enterprise Products Earnings Call Today	Pair Corr
0.39	FHRT	First Hartford	Pair Corr
0.38	BKD	Brookdale Senior Living	Pair Corr

Related Correlations Analysis

	VLXC	GBCS	BVAXF	LOBEF	PCLOF	HLYK	VDQSF	XCRT	FAMDF	IONKF
VLXC		-0.47	0.44	-0.21	-0.68	-0.68	0.0	-0.57	0.37	0.0	VLXC
GBCS	-0.47		0.1	0.13	0.58	0.63	0.0	0.39	-0.07	0.0	GBCS
BVAXF	0.44	0.1		-0.13	-0.17	-0.16	0.0	-0.08	0.25	0.0	BVAXF
LOBEF	-0.21	0.13	-0.13		0.3	-0.01	0.0	0.01	-0.3	0.0	LOBEF
PCLOF	-0.68	0.58	-0.17	0.3		0.58	0.0	0.54	-0.18	0.0	PCLOF
HLYK	-0.68	0.63	-0.16	-0.01	0.58		0.0	0.72	-0.08	0.0	HLYK
VDQSF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	VDQSF
XCRT	-0.57	0.39	-0.08	0.01	0.54	0.72	0.0		0.1	0.0	XCRT
FAMDF	0.37	-0.07	0.25	-0.3	-0.18	-0.08	0.0	0.1		0.0	FAMDF
IONKF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		IONKF
	VLXC	GBCS	BVAXF	LOBEF	PCLOF	HLYK	VDQSF	XCRT	FAMDF	IONKF

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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

XCRT	+ 0.72	HLYK
HLYK	+ 0.63	GBCS
PCLOF	+ 0.58	GBCS
HLYK	+ 0.58	PCLOF
XCRT	+ 0.54	PCLOF
BVAXF	+ 0.44	VLXC

High negative correlations

HLYK	- 0.68	VLXC
PCLOF	- 0.68	VLXC
XCRT	- 0.57	VLXC
GBCS	- 0.47	VLXC
FAMDF	- 0.3	LOBEF
LOBEF	- 0.21	VLXC

Risk-Adjusted Indicators

There is a big difference between BioCorRx OTC Stock performing well and BioCorRx OTC Stock 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 BioCorRx'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
VLXC	6.43	0.06	0.00	0.00	10.25	(21.23)	35.29	(26.09)	93.44
GBCS	2.74	0.64	0.10	0.44	2.47	(9.75)	11.11	(6.02)	26.47
BVAXF	4.81	(0.21)	0.00	0.48	0.00	0.00	11.11	(10.53)	39.87
LOBEF	147.44	73.21	1.57	3.84	30.44	(171.28)	872.22	(90.00)	1,084
PCLOF	18.20	5.15	0.28	1.97	13.11	(33.65)	41.67	(20.69)	290.00
HLYK	7.67	1.87	0.18	(1.18)	7.30	(11.09)	25.59	(11.64)	68.69
VDQSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XCRT	5.18	0.94	0.09	1.30	5.18	(13.16)	16.28	(12.40)	80.62
FAMDF	42.37	12.66	0.24	0.54	25.97	(130.05)	100.00	(50.00)	480.00
IONKF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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