BioLineRx Correlations

BLRX Stock

USD 2.93 0.01 0.34%

The current 90-days correlation between BioLineRx and Adaptimmune Therapeutics Plc is -0.16 (i.e., Good diversification). The correlation of BioLineRx 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.

BioLineRx Correlation With Market

Excellent diversification

The correlation between BioLineRx and DJI is -0.67 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BioLineRx and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BioLineRx Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BioLineRx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy BioLineRx Stock please use our How to Invest in BioLineRx guide.

Moving together with BioLineRx Stock

0.76	DRMA	Dermata Therapeutics	Pair Corr
0.66	ABNX	Abionyx Pharma SA	Pair Corr
0.79	DTIL	Precision BioSciences	Pair Corr

Moving against BioLineRx Stock

0.76	VERA	Vera Therapeutics Sell-off Trend	Pair Corr
0.69	DRUG	Bright Minds Biosciences	Pair Corr
0.68	EQ	Equillium	Pair Corr
0.67	DRTS	Alpha Tau Medical	Pair Corr
0.55	GXEA	Galapagos NV Earnings Call This Week	Pair Corr
0.49	DSGN	Design Therapeutics	Pair Corr
0.45	DXB	Dimerix Earnings Call This Week	Pair Corr
0.43	8VP1	AVRICORE HEALTH INC	Pair Corr
0.39	6C1	CytomX Therapeutics	Pair Corr
0.36	SAB	Sonic Healthcare Earnings Call This Week	Pair Corr
0.32	VALN	Valneva SE ADR	Pair Corr
0.82	VNDA	Vanda Pharmaceuticals	Pair Corr
0.8	NP5	NEWRON PHARMACEUT	Pair Corr
0.71	VTVT	vTv Therapeutics	Pair Corr
0.7	HDP1	Arrowhead Pharmaceuticals	Pair Corr
0.68	0P6S	Bayer AG NA	Pair Corr
0.64	DVAX	Dynavax Technologies Earnings Call This Week	Pair Corr
0.62	VRTX	Vertex Pharmaceuticals	Pair Corr
0.44	SRZNW	Surrozen Warrant	Pair Corr

Related Correlations Analysis

	THAR	GOVX	ADAP	APLM	ANL	ADTX	MBRX	AIMD	ICU	LNAI
THAR		-0.54	-0.12	0.37	0.89	-0.35	-0.26	-0.1	-0.29	-0.71	THAR
GOVX	-0.54		-0.4	-0.52	-0.55	0.91	0.84	0.68	0.87	0.72	GOVX
ADAP	-0.12	-0.4		0.46	-0.31	-0.3	-0.29	-0.35	-0.32	-0.27	ADAP
APLM	0.37	-0.52	0.46		0.23	-0.37	-0.33	-0.4	-0.43	-0.52	APLM
ANL	0.89	-0.55	-0.31	0.23		-0.42	-0.31	-0.22	-0.38	-0.61	ANL
ADTX	-0.35	0.91	-0.3	-0.37	-0.42		0.93	0.76	0.92	0.51	ADTX
MBRX	-0.26	0.84	-0.29	-0.33	-0.31	0.93		0.65	0.82	0.5	MBRX
AIMD	-0.1	0.68	-0.35	-0.4	-0.22	0.76	0.65		0.84	0.23	AIMD
ICU	-0.29	0.87	-0.32	-0.43	-0.38	0.92	0.82	0.84		0.41	ICU
LNAI	-0.71	0.72	-0.27	-0.52	-0.61	0.51	0.5	0.23	0.41		LNAI
	THAR	GOVX	ADAP	APLM	ANL	ADTX	MBRX	AIMD	ICU	LNAI

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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

MBRX	+ 0.93	ADTX
ICU	+ 0.92	ADTX
ADTX	+ 0.91	GOVX
ANL	+ 0.89	THAR
ICU	+ 0.87	GOVX
MBRX	+ 0.84	GOVX

High negative correlations

LNAI	- 0.71	THAR
LNAI	- 0.61	ANL
ANL	- 0.55	GOVX
GOVX	- 0.54	THAR
LNAI	- 0.52	APLM
APLM	- 0.52	GOVX

Risk-Adjusted Indicators

There is a big difference between BioLineRx Stock performing well and BioLineRx 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 BioLineRx'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
THAR	5.23	0.39	0.07	0.28	5.59	(5.89)	11.15	(9.64)	29.73
GOVX	5.87	(2.79)	0.00	(0.94)	0.00	0.00	9.38	(13.98)	42.89
ADAP	12.64	0.42	0.03	0.22	15.04	(16.63)	22.82	(18.18)	168.52
APLM	5.98	0.68	0.10	0.60	6.23	(7.09)	17.08	(11.40)	44.38
ANL	8.58	3.68	0.50	(4.45)	5.47	(11.02)	25.00	(12.79)	100.98
ADTX	9.71	(2.48)	0.00	(3.26)	0.00	0.00	22.54	(26.05)	63.67
MBRX	4.61	(1.40)	0.00	(0.91)	0.00	0.00	9.37	(11.73)	41.63
AIMD	4.40	(0.90)	0.00	(0.25)	0.00	0.00	12.30	(9.79)	38.73
ICU	4.77	(0.93)	0.00	(0.43)	0.00	0.00	9.58	(9.88)	34.66
LNAI	6.47	0.14	0.00	(0.08)	6.72	(8.99)	19.44	(10.98)	52.90

BioLineRx Corporate Management

CPA CPA	Chief Officer	Profile
Raziel Fried	Treasurer Director	Profile
Adam Esq	General Compliance	Profile
CPA MBA	Chief Officer	Profile
Advocate Kotler	Gen Officer	Profile
John Lacey	Head Relations	Profile

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