BioAge Labs Correlations

BIOA Stock

19.73 0.14 0.71%

The current 90-days correlation between BioAge Labs and Canopy Growth Corp is -0.05 (i.e., Good diversification). The correlation of BioAge Labs 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.

BioAge Labs Correlation With Market

Very poor diversification

The correlation between BioAge Labs and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BioAge Labs and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BioAge Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BioAge Labs. 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.

For information on how to trade BioAge Stock refer to our How to Trade BioAge Stock guide.

Moving together with BioAge Stock

0.92	RO	Roche Holding AG	Pair Corr
0.91	RHO6	Roche Holding	Pair Corr
0.63	PFE	Pfizer Inc CDR	Pair Corr
0.87	DYF1	Dynavax Technologies Earnings Call Today	Pair Corr
0.84	LDZU	ASPEN PHARUNADR 1	Pair Corr
0.86	SFZN	Siegfried Holding Earnings Call Tomorrow	Pair Corr
0.89	CVG	CSPC Pharmaceutical	Pair Corr
0.86	TEV	Teva Pharmaceutical	Pair Corr
0.86	VTRS	Viatris	Pair Corr
0.84	VTYX	Ventyx Biosciences	Pair Corr
0.8	MRK	Merck KGaA	Pair Corr
0.85	BRM	Bristol Myers Squibb	Pair Corr
0.84	ELAN	Elanco Animal Health Earnings Call This Week	Pair Corr
0.65	ELVN	Enliven Therapeutics	Pair Corr
0.9	C43	Cosmo Pharmaceuticals	Pair Corr
0.77	HHU	ALLERGY THER PLC	Pair Corr
0.83	JNJ	Johnson Johnson	Pair Corr

Moving against BioAge Stock

0.6	KG	Kestrel Group Symbol Change	Pair Corr
0.58	IQ70	1CM INC	Pair Corr
0.54	21P	Aurora Cannabis	Pair Corr
0.45	NXS	Next Science Earnings Call This Week	Pair Corr
0.89	EOLS	Evolus Inc	Pair Corr
0.89	BGM	Qilian International	Pair Corr
0.78	3ZQ0	AYURCANN HOLDINGS Earnings Call This Week	Pair Corr
0.58	ETON	Eton Pharmaceuticals	Pair Corr
0.53	ACB	Aurora Cannabis	Pair Corr

Related Correlations Analysis

	LFCR	CGC	ALLO	EDIT	TKNO	ACB	AVIR	OMI	CABA	HUMA
LFCR		0.32	-0.13	0.15	0.07	0.39	-0.03	0.04	0.1	-0.26	LFCR
CGC	0.32		-0.14	0.21	0.36	0.69	-0.27	-0.04	-0.17	-0.04	CGC
ALLO	-0.13	-0.14		-0.66	-0.72	-0.49	0.77	-0.64	0.53	-0.34	ALLO
EDIT	0.15	0.21	-0.66		0.86	0.73	-0.84	0.63	-0.28	0.68	EDIT
TKNO	0.07	0.36	-0.72	0.86		0.8	-0.94	0.54	-0.5	0.69	TKNO
ACB	0.39	0.69	-0.49	0.73	0.8		-0.7	0.3	-0.24	0.44	ACB
AVIR	-0.03	-0.27	0.77	-0.84	-0.94	-0.7		-0.51	0.59	-0.66	AVIR
OMI	0.04	-0.04	-0.64	0.63	0.54	0.3	-0.51		-0.32	0.39	OMI
CABA	0.1	-0.17	0.53	-0.28	-0.5	-0.24	0.59	-0.32		-0.17	CABA
HUMA	-0.26	-0.04	-0.34	0.68	0.69	0.44	-0.66	0.39	-0.17		HUMA
	LFCR	CGC	ALLO	EDIT	TKNO	ACB	AVIR	OMI	CABA	HUMA

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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

TKNO	+ 0.86	EDIT
ACB	+ 0.8	TKNO
AVIR	+ 0.77	ALLO
ACB	+ 0.73	EDIT
ACB	+ 0.69	CGC
HUMA	+ 0.69	TKNO

High negative correlations

AVIR	- 0.94	TKNO
AVIR	- 0.84	EDIT
TKNO	- 0.72	ALLO
AVIR	- 0.7	ACB
HUMA	- 0.66	AVIR
EDIT	- 0.66	ALLO

Risk-Adjusted Indicators

There is a big difference between BioAge Stock performing well and BioAge Labs 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 BioAge Labs' 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
LFCR	1.92	(0.20)	0.00	(0.18)	0.00	0.00	3.66	(4.30)	16.31
CGC	4.34	0.10	0.02	0.23	4.62	(6.10)	8.40	(9.16)	66.41
ALLO	4.38	1.03	0.21	0.66	4.06	(5.91)	13.43	(7.48)	26.97
EDIT	3.19	(0.67)	0.00	(0.27)	0.00	0.00	7.54	(6.01)	26.68
TKNO	2.81	(1.14)	0.00	(2.49)	0.00	0.00	4.49	(6.10)	23.61
ACB	2.72	(0.32)	0.00	(0.45)	0.00	0.00	5.14	(5.44)	30.41
AVIR	2.47	0.44	0.12	0.65	3.10	(2.73)	7.21	(4.43)	17.79
OMI	4.16	(1.16)	0.00	(0.57)	0.00	0.00	8.94	(13.10)	27.99
CABA	4.21	0.49	0.11	0.76	3.77	(5.66)	8.44	(7.17)	32.87
HUMA	4.42	(0.12)	0.00	(0.02)	0.00	0.00	11.11	(8.11)	43.72

BioAge Labs Corporate Management

Rusty Montgomery	Senior Research	Profile
Julie Gammelgard	Senior People	Profile
MD MBA	Chief Officer	Profile
Justin Rebo	Senior Biology	Profile
Patrick MD	Senior Science	Profile
Paul MD	Chief Research	Profile
Peng MBA	Chief Aging	Profile

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