BioLineRx Correlations

BLRX Stock

USD 2.77 0.10 3.48%

The current 90-days correlation between BioLineRx and GeoVax Labs is 0.1 (i.e., Average 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

Modest diversification

The correlation between BioLineRx and DJI is 0.24 (i.e., Modest 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 population.

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

Moving together with BioLineRx Stock

0.75	RAC	Race Oncology	Pair Corr
0.86	VALN	Valneva SE ADR Downward Rally	Pair Corr
0.91	DRMA	Dermata Therapeutics Buyout Trend	Pair Corr
0.88	AVH	Avita Medical	Pair Corr
0.75	PYC	Physiomics Plc	Pair Corr
0.8	VINC	Vincerx Pharma, Common	Pair Corr
0.85	VIVS	VivoSim Labs, Symbol Change	Pair Corr
0.72	DYAI	Dyadic International	Pair Corr
0.8	ALA	Arovella Therapeutics	Pair Corr
0.79	VRAX	Virax Biolabs Group	Pair Corr

Moving against BioLineRx Stock

0.72	DSGN	Design Therapeutics	Pair Corr
0.67	VCYT	Veracyte	Pair Corr
0.64	DNTH	Dianthus Therapeutics	Pair Corr
0.64	VERA	Vera Therapeutics	Pair Corr
0.64	0P6S	Bayer AG NA	Pair Corr
0.59	DVAX	Dynavax Technologies Trending	Pair Corr
0.57	VCEL	Vericel Corp Ord	Pair Corr
0.53	VKTX	Viking Therapeutics	Pair Corr
0.51	DRUG	Bright Minds Biosciences	Pair Corr
0.49	DMAC	DiaMedica Therapeutics	Pair Corr
0.45	DNLI	Denali Therapeutics	Pair Corr
0.44	DRTS	Alpha Tau Medical	Pair Corr
0.44	CDIOW	Cardio Diagnostics	Pair Corr
0.83	VRDN	Viridian Therapeutics	Pair Corr
0.79	VRTX	Vertex Pharmaceuticals	Pair Corr
0.79	VTVT	vTv Therapeutics	Pair Corr
0.71	ENTA	Enanta Pharmaceuticals	Pair Corr
0.54	VYNE	Vyne Therapeutics	Pair Corr
0.43	VNDA	Vanda Pharmaceuticals	Pair Corr
0.35	CDTTW	Conduit Pharmaceuticals	Pair Corr

Related Correlations Analysis

	THAR	GOVX	ADAP	APLM	ANL	ADTX	MBRX	AIMD	ICU	LNAI
THAR		0.59	-0.24	0.02	0.32	0.28	0.64	0.56	0.59	-0.28	THAR
GOVX	0.59		-0.1	0.22	0.26	0.62	0.91	0.86	0.91	0.2	GOVX
ADAP	-0.24	-0.1		-0.27	-0.49	-0.29	-0.1	-0.43	-0.34	0.38	ADAP
APLM	0.02	0.22	-0.27		0.35	0.29	0.24	0.39	0.36	0.08	APLM
ANL	0.32	0.26	-0.49	0.35		0.62	0.36	0.47	0.47	-0.06	ANL
ADTX	0.28	0.62	-0.29	0.29	0.62		0.58	0.75	0.76	0.42	ADTX
MBRX	0.64	0.91	-0.1	0.24	0.36	0.58		0.8	0.86	0.16	MBRX
AIMD	0.56	0.86	-0.43	0.39	0.47	0.75	0.8		0.96	0.09	AIMD
ICU	0.59	0.91	-0.34	0.36	0.47	0.76	0.86	0.96		0.11	ICU
LNAI	-0.28	0.2	0.38	0.08	-0.06	0.42	0.16	0.09	0.11		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

ICU	+ 0.96	AIMD
MBRX	+ 0.91	GOVX
ICU	+ 0.91	GOVX
AIMD	+ 0.86	GOVX
ICU	+ 0.86	MBRX
AIMD	+ 0.8	MBRX

High negative correlations

ANL	- 0.49	ADAP
AIMD	- 0.43	ADAP
ICU	- 0.34	ADAP
ADTX	- 0.29	ADAP
LNAI	- 0.28	THAR
APLM	- 0.27	ADAP

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	4.68	0.03	0.02	0.07	5.43	(5.15)	8.89	(9.64)	35.56
GOVX	4.98	(1.90)	0.00	(0.57)	0.00	0.00	8.11	(13.16)	48.23
ADAP	12.64	0.71	0.03	(0.28)	15.04	(16.63)	22.82	(18.18)	168.52
APLM	7.89	1.06	0.07	(0.31)	9.07	(10.87)	17.50	(17.72)	96.36
ANL	4.46	(0.07)	(0.01)	(0.01)	6.10	(5.07)	9.76	(11.76)	31.06
ADTX	10.41	(5.94)	0.00	(3.02)	0.00	0.00	19.39	(28.09)	63.67
MBRX	4.89	(1.78)	0.00	(1.88)	0.00	0.00	8.87	(11.73)	41.63
AIMD	3.95	(1.15)	0.00	(0.26)	0.00	0.00	9.35	(9.79)	25.85
ICU	4.87	(1.37)	0.00	(0.51)	0.00	0.00	9.68	(11.54)	33.33
LNAI	6.27	(0.20)	0.00	(0.63)	0.00	0.00	12.62	(12.82)	55.92

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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