Boundless Bio Correlations

BOLD Stock

USD 1.23 0.03 2.38%

The current 90-days correlation between Boundless Bio Common and Q32 Bio is -0.21 (i.e., Very good diversification). The correlation of Boundless Bio 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.

Boundless Bio Correlation With Market

Good diversification

The correlation between Boundless Bio Common and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boundless Bio Common and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Boundless Stock

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

Moving together with Boundless Stock

0.81	VINC	Vincerx Pharma Common	Pair Corr
0.61	REVB	Revelation Biosciences	Pair Corr

Moving against Boundless Stock

0.59	ERHE	ERHC Energy	Pair Corr
0.43	PPBT	Purple Biotech	Pair Corr
0.39	LYEL	Lyell Immunopharma	Pair Corr
0.37	HLN	Haleon plc Aggressive Push	Pair Corr
0.33	COEP	Coeptis Therapeutics	Pair Corr
0.7	TRV	The Travelers Companies	Pair Corr
0.65	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.6	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.53	DD	Dupont De Nemours	Pair Corr
0.48	JNJ	Johnson Johnson	Pair Corr
0.4	KO	Coca Cola Aggressive Push	Pair Corr
0.32	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.31	DCI	Donaldson	Pair Corr

Related Correlations Analysis

	QTTB	NXTC	PSTV	INTS	ITRM	ANTX	PLUR	RLYB	SONN	TAOX
QTTB		0.53	-0.35	-0.07	-0.48	0.19	-0.63	0.34	0.5	-0.61	QTTB
NXTC	0.53		-0.16	0.07	-0.59	-0.09	-0.48	0.3	0.53	-0.56	NXTC
PSTV	-0.35	-0.16		0.02	0.34	-0.24	0.18	0.17	-0.26	0.31	PSTV
INTS	-0.07	0.07	0.02		0.11	0.04	0.01	0.29	-0.13	0.08	INTS
ITRM	-0.48	-0.59	0.34	0.11		0.26	0.71	-0.47	-0.65	0.9	ITRM
ANTX	0.19	-0.09	-0.24	0.04	0.26		0.05	0.04	0.07	0.2	ANTX
PLUR	-0.63	-0.48	0.18	0.01	0.71	0.05		-0.55	-0.68	0.73	PLUR
RLYB	0.34	0.3	0.17	0.29	-0.47	0.04	-0.55		0.48	-0.55	RLYB
SONN	0.5	0.53	-0.26	-0.13	-0.65	0.07	-0.68	0.48		-0.72	SONN
TAOX	-0.61	-0.56	0.31	0.08	0.9	0.2	0.73	-0.55	-0.72		TAOX
	QTTB	NXTC	PSTV	INTS	ITRM	ANTX	PLUR	RLYB	SONN	TAOX

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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

TAOX	+ 0.9	ITRM
TAOX	+ 0.73	PLUR
PLUR	+ 0.71	ITRM
NXTC	+ 0.53	QTTB
SONN	+ 0.53	NXTC
SONN	+ 0.5	QTTB

High negative correlations

TAOX	- 0.72	SONN
SONN	- 0.68	PLUR
SONN	- 0.65	ITRM
PLUR	- 0.63	QTTB
TAOX	- 0.61	QTTB
ITRM	- 0.59	NXTC

Risk-Adjusted Indicators

There is a big difference between Boundless Stock performing well and Boundless Bio 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 Boundless Bio'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
QTTB	5.16	0.88	0.12	(2.47)	5.30	(6.18)	7.51	(8.96)	85.16
NXTC	4.82	0.23	0.04	0.27	6.32	(5.28)	11.65	(8.43)	42.68
PSTV	4.76	(1.20)	0.00	(0.47)	0.00	0.00	8.93	(8.82)	48.30
INTS	13.68	4.66	0.39	(17.01)	8.56	(24.59)	12.20	(14.04)	433.59
ITRM	4.40	(1.12)	0.00	(0.46)	0.00	0.00	9.38	(8.82)	28.58
ANTX	2.78	(0.01)	0.00	0.06	3.35	(3.47)	5.56	(4.58)	32.31
PLUR	3.67	(0.31)	0.00	(0.15)	0.00	0.00	9.30	(6.23)	31.25
RLYB	3.06	0.22	0.07	0.22	2.96	(4.07)	8.33	(5.71)	21.25
SONN	11.29	(3.39)	0.00	(2.14)	0.00	0.00	15.40	(20.60)	101.54
TAOX	5.78	(0.88)	0.00	(0.15)	0.00	0.00	12.66	(10.43)	36.28

Boundless Bio Corporate Management

Christian Hassig	Chief Officer	Profile
James MD	Interim Officer	Profile
Jamilu Rubin	Chief Officer	Profile
Shailaja Kasibhatla	Senior Development	Profile
Peter Krein	Senior Medicine	Profile
Anthony Pinkerton	Senior Discovery	Profile
Amy Berkley	Senior Team	Profile

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