BioLineRx Correlations

BLRX Stock

USD 0.10 0.02 16.67%

The current 90-days correlation between BioLineRx and Mereo BioPharma Group is 0.06 (i.e., Significant 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

Good diversification

The correlation between BioLineRx and DJI is -0.15 (i.e., Good 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.

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 metropolitan statistical area.

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

Moving together with BioLineRx Stock

0.71	VALN	Valneva SE ADR	Pair Corr
0.82	DNLI	Denali Therapeutics	Pair Corr
0.63	DNTH	Dianthus Therapeutics	Pair Corr
0.76	DOMH	Dominari Holdings	Pair Corr
0.77	DRRX	Durect	Pair Corr
0.87	DTIL	Precision BioSciences	Pair Corr
0.89	VIGL	Vigil Neuroscience	Pair Corr
0.86	VINC	Vincerx Pharma	Pair Corr
0.82	VKTX	Viking Therapeutics	Pair Corr
0.62	VRCA	Verrica Pharmaceuticals	Pair Corr
0.79	VRDN	Viridian Therapeutics Buyout Trend	Pair Corr
0.88	VRPX	Virpax Pharmaceuticals	Pair Corr
0.74	VRTX	Vertex Pharmaceuticals	Pair Corr

Moving against BioLineRx Stock

0.94	DRTS	Alpha Tau Medical	Pair Corr
0.86	DMAC	DiaMedica Therapeutics	Pair Corr
0.75	VCYT	Veracyte Potential Growth	Pair Corr
0.72	CDIOW	Cardio Diagnostics	Pair Corr
0.7	VCEL	Vericel Corp Ord	Pair Corr
0.63	SABSW	SAB Biotherapeutics	Pair Corr
0.47	A	Agilent Technologies	Pair Corr
0.84	VRNA	Verona Pharma PLC	Pair Corr
0.8	DYAI	Dyadic International	Pair Corr
0.71	SRZNW	Surrozen Warrant	Pair Corr
0.67	VSTM	Verastem	Pair Corr
0.52	DVAX	Dynavax Technologies	Pair Corr
0.43	KTTAW	Pasithea Therapeutics	Pair Corr
0.32	VYNE	Vyne Therapeutics	Pair Corr

Related Correlations Analysis

	ARDX	LXRX	MCRB	IBRX	XFOR	MREO	INZY	TERN	LPTX	VRCA
ARDX		0.57	0.01	0.34	-0.15	0.51	0.51	0.41	0.34	0.63	ARDX
LXRX	0.57		-0.29	0.32	-0.09	0.86	0.91	0.66	0.26	0.81	LXRX
MCRB	0.01	-0.29		-0.44	0.38	-0.16	-0.19	-0.1	-0.11	-0.11	MCRB
IBRX	0.34	0.32	-0.44		-0.56	0.38	0.35	0.47	0.32	0.51	IBRX
XFOR	-0.15	-0.09	0.38	-0.56		0.05	0.03	0.0	0.22	-0.39	XFOR
MREO	0.51	0.86	-0.16	0.38	0.05		0.94	0.83	0.25	0.71	MREO
INZY	0.51	0.91	-0.19	0.35	0.03	0.94		0.84	0.21	0.75	INZY
TERN	0.41	0.66	-0.1	0.47	0.0	0.83	0.84		0.16	0.62	TERN
LPTX	0.34	0.26	-0.11	0.32	0.22	0.25	0.21	0.16		0.19	LPTX
VRCA	0.63	0.81	-0.11	0.51	-0.39	0.71	0.75	0.62	0.19		VRCA
	ARDX	LXRX	MCRB	IBRX	XFOR	MREO	INZY	TERN	LPTX	VRCA

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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

INZY	+ 0.94	MREO
INZY	+ 0.91	LXRX
MREO	+ 0.86	LXRX
TERN	+ 0.84	INZY
TERN	+ 0.83	MREO
VRCA	+ 0.81	LXRX

High negative correlations

XFOR	- 0.56	IBRX
IBRX	- 0.44	MCRB
VRCA	- 0.39	XFOR
MCRB	- 0.29	LXRX
INZY	- 0.19	MCRB
MREO	- 0.16	MCRB

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
ARDX	3.46	(0.15)	0.00	(1.24)	0.00	0.00	8.20	(6.13)	33.99
LXRX	5.27	(1.14)	0.00	(0.81)	0.00	0.00	11.69	(8.43)	46.58
MCRB	4.19	(0.01)	0.00	0.01	4.26	(6.04)	10.00	(6.78)	28.84
IBRX	5.29	(0.04)	0.00	(0.02)	0.00	0.00	15.98	(8.79)	58.48
XFOR	7.61	0.76	0.05	(0.55)	10.73	(10.40)	26.42	(13.51)	67.48
MREO	2.77	(0.62)	0.00	(0.83)	0.00	0.00	4.80	(7.59)	20.77
INZY	3.95	(1.86)	0.00	(21.93)	0.00	0.00	6.41	(8.75)	38.13
TERN	3.09	(0.76)	0.00	(1.08)	0.00	0.00	5.17	(6.80)	26.61
LPTX	4.70	0.34	0.05	(0.36)	5.49	(5.67)	11.19	(9.54)	35.89
VRCA	5.61	(0.65)	0.00	0.22	0.00	0.00	11.94	(9.09)	53.64

BioLineRx Corporate Management

CPA CPA	Chief Officer	Profile
Raziel Fried	Treasurer Director	Profile
Adam Esq	General Compliance	Profile
Jael MSc	QA RA	Profile
CPA MBA	Chief Officer	Profile

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