Bionomics Correlations

BNOX Stock

USD 0.28 0.02 6.67%

The current 90-days correlation between Bionomics ADR and Hillstream Biopharma is 0.04 (i.e., Significant diversification). The correlation of Bionomics 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.

Bionomics Correlation With Market

Significant diversification

The correlation between Bionomics Ltd ADR and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bionomics Ltd ADR 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 Bionomics Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Bionomics Stock

0.68	VRAX	Virax Biolabs Group	Pair Corr
0.64	VRPX	Virpax Pharmaceuticals	Pair Corr
0.61	DYN	Dyne Therapeutics	Pair Corr
0.81	XFOR	X4 Pharmaceuticals	Pair Corr
0.77	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.87	KURA	Kura Oncology	Pair Corr
0.71	STOK	Stoke Therapeutics	Pair Corr
0.77	BDRX	Biodexa Pharmaceticals Upward Rally	Pair Corr
0.65	TERN	Terns Pharmaceuticals	Pair Corr
0.67	BKRKF	PT Bank Rakyat	Pair Corr

Moving against Bionomics Stock

0.85	EWTX	Edgewise Therapeutics	Pair Corr
0.8	ALVO	Alvotech	Pair Corr
0.77	PRAX	Praxis Precision Med	Pair Corr
0.73	AMLX	Amylyx Pharmaceuticals	Pair Corr
0.67	AKRO	Akero Therapeutics	Pair Corr
0.66	VRDN	Viridian Therapeutics	Pair Corr
0.58	BMEA	Biomea Fusion	Pair Corr
0.56	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.48	NTRB	Nutriband	Pair Corr
0.95	SSNLF	Samsung Electronics	Pair Corr
0.86	PTAIF	PT Astra International	Pair Corr
0.8	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.77	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.77	HD	Home Depot	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.73	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.7	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	ACUT	HILS	CMRA	SPRC	ANEB	PMVP	MIRO	ZIVO	AVTE
ACUT		0.13	0.32	0.34	0.35	-0.41	-0.52	0.51	-0.61	ACUT
HILS	0.13		0.62	0.84	0.12	0.04	-0.16	0.33	-0.41	HILS
CMRA	0.32	0.62		0.81	0.01	0.01	-0.17	0.23	-0.28	CMRA
SPRC	0.34	0.84	0.81		0.21	-0.07	-0.35	0.49	-0.56	SPRC
ANEB	0.35	0.12	0.01	0.21		-0.41	-0.54	0.63	-0.55	ANEB
PMVP	-0.41	0.04	0.01	-0.07	-0.41		0.78	-0.64	0.66	PMVP
MIRO	-0.52	-0.16	-0.17	-0.35	-0.54	0.78		-0.8	0.76	MIRO
ZIVO	0.51	0.33	0.23	0.49	0.63	-0.64	-0.8		-0.84	ZIVO
AVTE	-0.61	-0.41	-0.28	-0.56	-0.55	0.66	0.76	-0.84		AVTE
	ACUT	HILS	CMRA	SPRC	ANEB	PMVP	MIRO	ZIVO	AVTE

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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

SPRC	+ 0.84	HILS
SPRC	+ 0.81	CMRA
MIRO	+ 0.78	PMVP
AVTE	+ 0.76	MIRO
AVTE	+ 0.66	PMVP
ZIVO	+ 0.63	ANEB

High negative correlations

AVTE	- 0.84	ZIVO
ZIVO	- 0.8	MIRO
ZIVO	- 0.64	PMVP
AVTE	- 0.61	ACUT
AVTE	- 0.56	SPRC
AVTE	- 0.55	ANEB

Risk-Adjusted Indicators

There is a big difference between Bionomics Stock performing well and Bionomics 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 Bionomics' 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
ACUT	6.02	0.18	0.00	(0.09)	7.66	(14.29)	20.00	(20.37)	52.38
HILS	5.56	(0.53)	0.00	1.09	0.00	0.00	8.33	(7.89)	113.15
CMRA	5.99	(0.10)	0.00	(0.02)	0.00	0.00	13.95	(12.70)	30.28
SPRC	3.69	(0.73)	0.00	3.06	0.00	0.00	4.76	(8.00)	39.88
ANEB	5.26	0.02	0.00	0.06	0.00	0.00	8.85	(11.48)	76.00
PMVP	1.64	(0.07)	0.00	(0.03)	0.00	0.00	3.75	(3.77)	13.98
MIRO	4.85	0.35	0.06	0.43	5.26	(6.37)	11.73	(8.87)	38.49
ZIVO	3.01	(0.62)	0.00	2.05	0.00	0.00	5.31	(6.67)	36.36
AVTE	2.58	0.53	0.21	0.56	2.13	(3.46)	5.58	(3.86)	19.11

Bionomics Corporate Management

Elizabeth Doolin	Senior Development	Profile
DCPSA FFPM	Consultant Neuroscience	Profile
Errol Souza	Ex Chairman	Profile
FCA BEC	Financial Controller	Profile
FCIS BCom	Company Secretary	Profile
MD DFAPA	Acting Officer	Profile

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