Biophytis Correlations
| BPTSY Stock | 0.50 0.49 4,445% |
The current 90-days correlation between Biophytis SA and Rasna Therapeutics is 0.02 (i.e., Significant diversification). The correlation of Biophytis 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.
Biophytis Correlation With Market
Pay attention - limited upside
The correlation between Biophytis SA and DJI is -0.81 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Biophytis SA and DJI in the same portfolio, assuming nothing else is changed.
Biophytis |
The ability to find closely correlated positions to Biophytis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Biophytis when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Biophytis - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Biophytis SA to buy it.
Moving together with Biophytis Pink Sheet
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| 0.64 | HPQ | HP Inc | PairCorr |
| 0.73 | T | ATT Inc Earnings Call Tomorrow | PairCorr |
| 0.61 | PG | Procter Gamble | PairCorr |
Moving against Biophytis Pink Sheet
| 0.87 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.85 | WMT | Walmart Common Stock | PairCorr |
| 0.85 | AA | Alcoa Corp | PairCorr |
| 0.8 | MRK | Merck Company Earnings Call This Week | PairCorr |
| 0.75 | JNJ | Johnson Johnson | PairCorr |
| 0.74 | DD | Dupont De Nemours | PairCorr |
| 0.71 | GOOG | Alphabet Class C Earnings Call Next Week | PairCorr |
| 0.65 | BA | Boeing | PairCorr |
| 0.62 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.6 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.58 | TSM | Taiwan Semiconductor | PairCorr |
| 0.52 | DIS | Walt Disney | PairCorr |
| 0.48 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
| 0.45 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.34 | CVX | Chevron Corp Earnings Call This Week | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Biophytis Pink Sheet performing well and Biophytis 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 Biophytis' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BNGI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BITRF | 50.59 | 22.22 | 0.00 | (18.29) | 0.00 | 0.00 | 1,765 | |||
| RSPI | 3.03 | 0.64 | 0.00 | (1.24) | 0.00 | 20.00 | 58.89 | |||
| PFND | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MCET | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IPIX | 19.81 | 4.48 | 0.16 | 0.66 | 16.51 | 57.14 | 181.43 | |||
| TSOI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VIRX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| YECO | 0.93 | 0.04 | 0.00 | 0.20 | 0.00 | 0.00 | 42.46 | |||
| RASP | 2.61 | (1.36) | 0.00 | (4.37) | 0.00 | 0.00 | 87.50 |
Biophytis Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Biophytis pink sheet to make a market-neutral strategy. Peer analysis of Biophytis could also be used in its relative valuation, which is a method of valuing Biophytis by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |