Bio Path Correlations

BPTH Stock

USD 0.80 0.02 2.44%

The current 90-days correlation between Bio Path Holdings and Moleculin Biotech is 0.08 (i.e., Significant diversification). The correlation of Bio Path 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.

Bio Path Correlation With Market

Good diversification

The correlation between Bio Path Holdings 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 Bio Path Holdings 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 Bio Path Holdings. 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 Bio Stock

0.65	EQ	Equillium	Pair Corr
0.65	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against Bio Stock

0.67	RNXT	RenovoRx	Pair Corr
0.53	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.38	NXGLW	NexGel Warrant	Pair Corr
0.48	T	ATT Inc Sell-off Trend	Pair Corr
0.43	BAC	Bank of America Aggressive Push	Pair Corr
0.42	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.37	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.35	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	CBIO	DFFN	CAPR	NXTC	PULM	BLPH	CRNX	AMTI	ALRN	BNTC
CBIO		-0.8	0.58	-0.49	0.72	-0.7	0.59	0.43	0.13	0.58	CBIO
DFFN	-0.8		-0.63	0.53	-0.53	0.79	-0.67	-0.42	-0.31	-0.61	DFFN
CAPR	0.58	-0.63		-0.51	0.27	-0.87	0.65	0.25	0.66	0.84	CAPR
NXTC	-0.49	0.53	-0.51		-0.46	0.45	-0.16	0.03	-0.29	-0.31	NXTC
PULM	0.72	-0.53	0.27	-0.46		-0.37	0.16	0.47	-0.34	0.2	PULM
BLPH	-0.7	0.79	-0.87	0.45	-0.37		-0.76	-0.39	-0.51	-0.83	BLPH
CRNX	0.59	-0.67	0.65	-0.16	0.16	-0.76		0.52	0.4	0.76	CRNX
AMTI	0.43	-0.42	0.25	0.03	0.47	-0.39	0.52		-0.11	0.3	AMTI
ALRN	0.13	-0.31	0.66	-0.29	-0.34	-0.51	0.4	-0.11		0.59	ALRN
BNTC	0.58	-0.61	0.84	-0.31	0.2	-0.83	0.76	0.3	0.59		BNTC
	CBIO	DFFN	CAPR	NXTC	PULM	BLPH	CRNX	AMTI	ALRN	BNTC

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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

BNTC	+ 0.84	CAPR
BLPH	+ 0.79	DFFN
BNTC	+ 0.76	CRNX
PULM	+ 0.72	CBIO
ALRN	+ 0.66	CAPR
CRNX	+ 0.65	CAPR

High negative correlations

BLPH	- 0.87	CAPR
BNTC	- 0.83	BLPH
DFFN	- 0.8	CBIO
CRNX	- 0.76	BLPH
BLPH	- 0.7	CBIO
CRNX	- 0.67	DFFN

Risk-Adjusted Indicators

There is a big difference between Bio Stock performing well and Bio Path 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 Bio Path'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
CBIO	4.25	1.10	0.12	(0.84)	4.45	(6.17)	9.76	(8.33)	38.47
DFFN	2.40	(0.46)	0.00	1.07	0.00	0.00	4.09	(5.32)	12.34
CAPR	6.80	2.66	0.50	16.70	4.10	(9.27)	18.22	(7.37)	69.31
NXTC	2.57	(0.37)	0.00	1.85	0.00	0.00	5.22	(6.37)	21.68
PULM	5.29	2.24	0.46	(4.44)	3.24	(7.11)	12.29	(4.76)	92.85
BLPH	5.45	(1.92)	0.00	1.43	0.00	0.00	7.64	(14.34)	105.97
CRNX	1.71	(0.01)	(0.01)	0.11	2.43	(1.63)	3.67	(3.45)	16.75
AMTI	5.08	0.11	0.01	0.29	5.70	(6.89)	11.11	(10.34)	36.60
ALRN	4.20	0.22	0.03	0.92	4.69	(5.03)	8.06	(7.99)	41.47
BNTC	3.26	0.25	0.04	1.54	3.49	(3.86)	7.89	(4.52)	29.78

Bio Path Corporate Management

Michael MBA	VP Operations	Profile
Alan MacKenzie	Consultant	Profile
Thomas Walker	Consultant	Profile
MBA Ashizawa	Development Research	Profile
Peter MBA	Chairman, CoFounder	Profile
Jeffery MD	Consultant	Profile
Victoria Rac	Regulatory Consultant	Profile

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