BIOLASE Correlations
| BIOLDelisted Stock | USD 0.05 0.02 27.46% |
The current 90-days correlation between BIOLASE and Bone Biologics Corp is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BIOLASE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BIOLASE moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
BIOLASE Correlation With Market
Good diversification
The correlation between BIOLASE and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BIOLASE and DJI in the same portfolio, assuming nothing else is changed.
BIOLASE |
Moving against BIOLASE Stock
| 0.52 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.46 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.46 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.39 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.35 | PG | Procter Gamble Sell-off Trend | PairCorr |
| 0.35 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.34 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.32 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.31 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between BIOLASE Stock performing well and BIOLASE 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 BIOLASE'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 | 9.09 | 0.81 | 0.09 | 0.69 | 8.77 | 18.13 | 163.17 | |||
| BJDX | 6.37 | (0.90) | 0.00 | (2.25) | 0.00 | 13.03 | 120.52 | |||
| TLIS | 4.85 | (1.85) | 0.00 | 5.84 | 0.00 | 5.32 | 68.77 | |||
| NUWE | 10.35 | 1.62 | 0.10 | (0.61) | 10.80 | 25.66 | 141.14 | |||
| HSCS | 4.98 | (0.15) | 0.00 | 0.06 | 5.33 | 11.44 | 58.33 | |||
| TIVC | 4.66 | (0.11) | 0.00 | (0.02) | 0.00 | 12.12 | 79.31 | |||
| NAOV | 4.21 | 0.39 | 0.06 | 0.61 | 4.90 | 9.26 | 32.03 | |||
| VVOS | 4.85 | 0.61 | 0.09 | 0.98 | 5.39 | 9.52 | 69.53 | |||
| BVS | 2.48 | 0.64 | 0.07 | (0.24) | 3.63 | 5.34 | 26.44 | |||
| ASXC | 2.68 | 0.58 | 0.12 | 0.65 | 2.17 | 4.35 | 55.98 |
BIOLASE Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BIOLASE stock to make a market-neutral strategy. Peer analysis of BIOLASE could also be used in its relative valuation, which is a method of valuing BIOLASE by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
BIOLASE Corporate Management
| David Rodriguez | Director Events | Profile | |
| Jennifer Bright | Chief Officer | Profile | |
| Russell DDS | Chief Officer | Profile | |
| Michael Carroll | Corporate Secretary | Profile | |
| Steven Sandor | Chief Officer | Profile |
Still Interested in BIOLASE?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.