BioNTech Correlations

BNTX Stock

USD 102.14 4.26 4.00%

The current 90-days correlation between BioNTech SE and Sarepta Therapeutics is 0.03 (i.e., Significant diversification). The correlation of BioNTech 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.

BioNTech Correlation With Market

Average diversification

The correlation between BioNTech SE and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BioNTech SE 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 BioNTech SE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with BioNTech Stock

0.85	VRDN	Viridian Therapeutics	Pair Corr
0.63	BMEA	Biomea Fusion	Pair Corr

Moving against BioNTech Stock

0.81	VRAX	Virax Biolabs Group	Pair Corr
0.68	BDRX	Biodexa Pharmaceticals	Pair Corr
0.63	LGVN	Longeveron LLC	Pair Corr
0.61	VRPX	Virpax Pharmaceuticals	Pair Corr
0.59	REVB	Revelation Biosciences	Pair Corr
0.53	DYN	Dyne Therapeutics	Pair Corr
0.51	STOK	Stoke Therapeutics	Pair Corr
0.42	KALV	Kalvista Pharmaceuticals	Pair Corr
0.41	KPRX	Kiora Pharmaceuticals	Pair Corr

Related Correlations Analysis

	NVAX	CWBR	DNA	CRSP	OCEA	ENVB	HEPA	ELEV	AVRO
NVAX		-0.38	-0.12	-0.45	0.65	0.26	0.1	0.08	-0.88	NVAX
CWBR	-0.38		0.43	0.08	-0.51	-0.45	-0.57	-0.51	0.36	CWBR
DNA	-0.12	0.43		0.45	0.02	0.11	-0.22	-0.01	0.19	DNA
CRSP	-0.45	0.08	0.45		-0.19	0.13	-0.07	0.19	0.56	CRSP
OCEA	0.65	-0.51	0.02	-0.19		0.69	0.47	0.43	-0.53	OCEA
ENVB	0.26	-0.45	0.11	0.13	0.69		0.49	0.6	-0.12	ENVB
HEPA	0.1	-0.57	-0.22	-0.07	0.47	0.49		0.74	-0.19	HEPA
ELEV	0.08	-0.51	-0.01	0.19	0.43	0.6	0.74		-0.11	ELEV
AVRO	-0.88	0.36	0.19	0.56	-0.53	-0.12	-0.19	-0.11		AVRO
	NVAX	CWBR	DNA	CRSP	OCEA	ENVB	HEPA	ELEV	AVRO

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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

ELEV	+ 0.74	HEPA
ENVB	+ 0.69	OCEA
OCEA	+ 0.65	NVAX
ELEV	+ 0.6	ENVB
AVRO	+ 0.56	CRSP
HEPA	+ 0.49	ENVB

High negative correlations

AVRO	- 0.88	NVAX
HEPA	- 0.57	CWBR
AVRO	- 0.53	OCEA
ELEV	- 0.51	CWBR
OCEA	- 0.51	CWBR
ENVB	- 0.45	CWBR

Risk-Adjusted Indicators

There is a big difference between BioNTech Stock performing well and BioNTech 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 BioNTech'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
NVAX	3.61	(0.64)	0.00	(0.99)	0.00	0.00	9.47	(7.57)	38.60
CWBR	7.34	2.41	0.33	4.33	5.34	(11.19)	5.73	(5.59)	250.97
DNA	4.41	(0.33)	0.00	(0.05)	0.00	0.00	9.31	(10.85)	35.75
CRSP	1.97	(0.17)	0.00	(0.02)	0.00	0.00	4.96	(4.61)	16.95
OCEA	3.54	(0.56)	0.00	(2.06)	0.00	0.00	7.46	(6.93)	28.33
ENVB	3.27	(0.70)	0.00	(1.64)	0.00	0.00	6.25	(7.50)	28.33
HEPA	3.90	(0.11)	(0.02)	0.01	4.43	(4.97)	8.06	(8.11)	33.54
ELEV	3.43	(0.59)	0.00	(0.21)	0.00	0.00	5.77	(8.22)	22.21
AVRO	1.77	0.16	0.02	(0.66)	1.89	(2.24)	4.11	(3.17)	14.20

BioNTech Corporate Management

Katalin Kariko	Senior Therapies	Profile
Jens Holstein	CFO Board	Profile
Sylke Maas	Vice Strategy	Profile
Michael Boehler	MD Communications	Profile
Siegbert Kloos	Datand Digital	Profile
Sierk Poetting	COO MD	Profile

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