BillionToOne Correlations
| BLLN Stock | 90.61 5.46 6.41% |
The current 90-days correlation between BillionToOne Class and Burning Rock Biotech is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BillionToOne moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BillionToOne Class A moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
BillionToOne Correlation With Market
Excellent diversification
The correlation between BillionToOne Class A and DJI is -0.52 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BillionToOne Class A and DJI in the same portfolio, assuming nothing else is changed.
BillionToOne | Build AI portfolio with BillionToOne Stock |
Moving together with BillionToOne Stock
Moving against BillionToOne Stock
| 0.64 | QIPT | Quipt Home Medical Earnings Call Tomorrow | PairCorr |
| 0.61 | 4DX | 4DMEDICAL | PairCorr |
| 0.45 | VMD | Viemed Healthcare | PairCorr |
| 0.35 | IMDX | Insight Molecular Symbol Change | PairCorr |
| 0.56 | PINK | Perimeter Medical Imaging | PairCorr |
| 0.55 | IMR | Imricor Medical Systems | PairCorr |
| 0.53 | TLT | Theralase Technologies | PairCorr |
| 0.52 | EYE | Nova EYE Medical | PairCorr |
| 0.46 | MDX | MedX Health Corp | PairCorr |
| 0.45 | CREO | Creo Medical Group | PairCorr |
| 0.45 | AFME | Affluent Medical SAS | PairCorr |
| 0.41 | PRN | Profound Medical Corp | PairCorr |
| 0.39 | AFW | Align Technology | PairCorr |
| 0.31 | FPH | Fisher Paykel Healthcare Earnings Call This Week | PairCorr |
Related Correlations Analysis
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 BillionToOne Stock performing well and BillionToOne 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 BillionToOne'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IINN | 3.42 | (0.32) | 0.00 | (0.30) | 0.00 | 7.29 | 24.08 | |||
| PTHL | 5.52 | 0.47 | 0.03 | (0.15) | 6.77 | 6.56 | 136.77 | |||
| TNON | 2.65 | (0.91) | 0.00 | (0.69) | 0.00 | 5.61 | 18.03 | |||
| BMRA | 2.52 | (0.30) | 0.00 | (0.32) | 0.00 | 4.12 | 18.44 | |||
| HSCS | 4.32 | 0.17 | 0.02 | 0.90 | 5.11 | 11.07 | 26.18 | |||
| SSKN | 3.39 | (0.78) | 0.00 | (0.34) | 0.00 | 7.35 | 18.95 | |||
| APVO | 4.76 | (1.94) | 0.00 | (1.27) | 0.00 | 7.81 | 43.37 | |||
| ADVB | 4.01 | (1.00) | 0.00 | (0.84) | 0.00 | 8.11 | 28.22 | |||
| BNR | 7.85 | 1.78 | 0.24 | 0.60 | 6.76 | 18.91 | 50.29 |
BillionToOne Corporate Management
| MBA Taylor | Chief Officer | Profile | |
| Nancy Johnson | Senior Operations | Profile | |
| Shan MBA | Chief Officer | Profile | |
| Jaclyn Eng | Vice Marketing | Profile | |
| Thomas JD | General Officer | Profile |