Bioxytran Correlations

BIXT Stock

USD 0.05 0 1.98%

The correlation of Bioxytran 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.

Bioxytran Correlation With Market

Excellent diversification

The correlation between Bioxytran and DJI is -0.58 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bioxytran and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bioxytran OTC Stock

0.61

HPQ

HP Inc

Pair Corr

Moving against Bioxytran OTC Stock

0.8	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.78	HD	Home Depot	Pair Corr
0.74	CAT	Caterpillar	Pair Corr
0.71	INTC	Intel Aggressive Push	Pair Corr
0.7	DD	Dupont De Nemours Earnings Call Tomorrow	Pair Corr
0.66	BA	Boeing	Pair Corr
0.62	JNJ	Johnson Johnson	Pair Corr
0.58	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.55	KO	Coca Cola Aggressive Push	Pair Corr
0.52	PG	Procter Gamble	Pair Corr
0.49	AA	Alcoa Corp	Pair Corr
0.4	MCD	McDonalds Earnings Call This Week	Pair Corr
0.39	MRK	Merck Company Aggressive Push	Pair Corr

Related Correlations Analysis

	GLWLF	BZYR	THER	KNBIF	BVAXF	CPMV	BETRF	TXTM	NSHSF	MYNDF
GLWLF		-0.49	0.0	0.36	-0.28	-0.55	-0.44	-0.37	0.64	-0.41	GLWLF
BZYR	-0.49		0.0	-0.54	0.27	0.37	0.5	0.57	-0.63	0.64	BZYR
THER	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	THER
KNBIF	0.36	-0.54	0.0		-0.45	-0.2	-0.44	-0.38	0.51	-0.55	KNBIF
BVAXF	-0.28	0.27	0.0	-0.45		0.2	0.04	-0.19	-0.23	-0.01	BVAXF
CPMV	-0.55	0.37	0.0	-0.2	0.2		0.27	0.16	-0.67	0.27	CPMV
BETRF	-0.44	0.5	0.0	-0.44	0.04	0.27		0.43	-0.38	0.4	BETRF
TXTM	-0.37	0.57	0.0	-0.38	-0.19	0.16	0.43		-0.48	0.68	TXTM
NSHSF	0.64	-0.63	0.0	0.51	-0.23	-0.67	-0.38	-0.48		-0.62	NSHSF
MYNDF	-0.41	0.64	0.0	-0.55	-0.01	0.27	0.4	0.68	-0.62		MYNDF
	GLWLF	BZYR	THER	KNBIF	BVAXF	CPMV	BETRF	TXTM	NSHSF	MYNDF

Please upgrade your account to get full access to Macroaxis premium features

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

MYNDF	+ 0.68	TXTM
NSHSF	+ 0.64	GLWLF
MYNDF	+ 0.64	BZYR
TXTM	+ 0.57	BZYR
NSHSF	+ 0.51	KNBIF
BETRF	+ 0.5	BZYR

High negative correlations

NSHSF	- 0.67	CPMV
NSHSF	- 0.63	BZYR
MYNDF	- 0.62	NSHSF
MYNDF	- 0.55	KNBIF
CPMV	- 0.55	GLWLF
KNBIF	- 0.54	BZYR

Risk-Adjusted Indicators

There is a big difference between Bioxytran OTC Stock performing well and Bioxytran 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 Bioxytran'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
GLWLF	1.17	0.20	0.00	1.43	0.00	0.00	5.25	(2.50)	27.60
BZYR	9.53	0.94	0.06	0.25	11.55	(29.98)	23.68	(23.81)	134.21
THER	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KNBIF	2.26	0.46	0.06	0.50	2.50	(8.84)	8.20	(5.30)	27.80
BVAXF	4.65	(0.45)	0.00	(1.32)	0.00	0.00	11.11	(10.53)	33.33
CPMV	10.10	(0.01)	0.01	0.08	12.58	(30.57)	40.00	(22.45)	98.34
BETRF	7.90	0.41	0.04	0.26	8.47	(13.00)	22.58	(16.33)	52.18
TXTM	4.39	0.66	0.09	(0.54)	4.76	(5.27)	8.82	(8.33)	32.26
NSHSF	5.98	2.71	0.00	(12.69)	0.00	0.00	0.00	0.00	216.93
MYNDF	1.86	0.06	0.00	0.06	0.00	0.00	0.00	0.00	113.60

Be your own money manager

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

Did you try this?

Run Stocks Directory Now

Stocks Directory

Find actively traded stocks across global markets

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC