BioInvent International Correlations
| BINV Stock | SEK 45.70 1.15 2.58% |
The current 90-days correlation between BioInvent International and Orexo AB is 0.05 (i.e., Significant diversification). The correlation of BioInvent International 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.
BioInvent International Correlation With Market
Weak diversification
The correlation between BioInvent International AB and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BioInvent International AB and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to BioInvent International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BioInvent International 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 BioInvent International - 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 BioInvent International AB to buy it.
Moving against BioInvent Stock
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BioInvent International Corporate Management
Elected by the shareholders, the BioInvent International's board of directors comprises two types of representatives: BioInvent International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BioInvent. The board's role is to monitor BioInvent International's management team and ensure that shareholders' interests are well served. BioInvent International's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BioInvent International's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andres McAllister | Chief Medical Officer | Profile | |
| Stefan MBA | Chief Officer | Profile | |
| Ingrid Teige | Head Research | Profile | |
| RGN MSc | Chief Officer | Profile | |
| Cecilia Hofvander | Director Relations | Profile |