BIOTIME Correlations
| BT3 Stock | EUR 1.35 0.00 0.00% |
The current 90-days correlation between BIOTIME and Engie SA is -0.01 (i.e., Good diversification). The correlation of BIOTIME 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.
BIOTIME Correlation With Market
Pay attention - limited upside
The correlation between BIOTIME and DJI is -0.75 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BIOTIME and DJI in the same portfolio, assuming nothing else is changed.
BIOTIME |
The ability to find closely correlated positions to BIOTIME could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BIOTIME 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 BIOTIME - 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 BIOTIME to buy it.
Moving against BIOTIME Stock
| 0.8 | XMF | STOMO MITSUI FINL | PairCorr |
| 0.77 | FPMB | FREEPORT MCMORAN | PairCorr |
| 0.73 | FJZ | ZIJIN MINING H | PairCorr |
| 0.71 | SCL | Schlumberger Limited | PairCorr |
| 0.69 | RWL | ROCKWELL AUTOMATION Earnings Call This Week | PairCorr |
| 0.69 | FUC | Fanuc | PairCorr |
| 0.67 | GZF | Engie SA | PairCorr |
| 0.78 | MSI | Mitsui Chemicals Earnings Call This Week | PairCorr |
| 0.78 | XCA | CREDIT AGRICOLE Earnings Call Tomorrow | PairCorr |
| 0.76 | NAQ | Nasdaq Inc | PairCorr |
| 0.74 | NOH1 | Norsk Hydro ASA | PairCorr |
| 0.73 | XTP | Sino AG | PairCorr |
| 0.7 | LTT | Lattice Semiconductor Earnings Call This Week | PairCorr |
| 0.66 | 85S | Science Applications | PairCorr |
| 0.61 | HMT | Host Hotels Resorts | PairCorr |
| 0.59 | 9DB | Dave Busters Enterta | PairCorr |
| 0.58 | IC1H | InterContinental Hotels | PairCorr |
| 0.57 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.55 | 6HW | BANK HANDLOWY | PairCorr |
| 0.53 | E908 | Lyxor 1 | PairCorr |
| 0.52 | VHY | Vishay Intertechnology Earnings Call Tomorrow | PairCorr |
| 0.45 | GHK | GREAT EAGLE | PairCorr |
| 0.4 | G3V | Green Plains 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 BIOTIME Stock performing well and BIOTIME 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 BIOTIME'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ABL | 1.05 | (0.23) | 0.00 | 1.40 | 0.00 | 1.91 | 14.56 | |||
| AMD | 2.62 | (0.07) | 0.00 | (0.28) | 0.00 | 6.13 | 14.59 | |||
| HK2C | 0.60 | (0.09) | 0.00 | (0.24) | 0.00 | 1.49 | 5.73 | |||
| FPMB | 1.36 | 0.34 | 0.12 | 1.84 | 1.60 | 3.93 | 9.65 | |||
| XMF | 1.40 | 0.39 | 0.18 | (1.63) | 1.47 | 3.99 | 12.10 | |||
| SCL | 1.86 | 0.43 | 0.20 | 1.55 | 1.57 | 4.95 | 11.90 | |||
| RWL | 1.34 | 0.18 | 0.08 | 0.56 | 1.71 | 3.63 | 9.03 | |||
| FUC | 2.65 | 0.25 | 0.08 | 0.41 | 2.66 | 5.51 | 23.35 | |||
| FJZ | 2.53 | 0.30 | 0.07 | 0.89 | 3.43 | 4.78 | 19.07 | |||
| GZF | 0.94 | 0.38 | 0.32 | (3.90) | 0.59 | 2.38 | 6.29 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BIOTIME without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Portfolio Rebalancing Now
Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
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BIOTIME Corporate Management
Elected by the shareholders, the BIOTIME's board of directors comprises two types of representatives: BIOTIME inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BIOTIME. The board's role is to monitor BIOTIME's management team and ensure that shareholders' interests are well served. BIOTIME's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BIOTIME's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Mulroy | Independent Director | Profile | |
| Alfred Kingsley | Chairman of the Board, Director | Profile | |
| Stephana Patton | Compliance Officer, Corporate Secretary | Profile | |
| Alexandra Hernandez | Senior Director of Finance, Controller, Interim Principal Accounting Officer | Profile | |
| Deborah Andrews | Independent Director | Profile | |
| Chase Leavitt | General Counsel and Corporate Secretary | Profile | |
| Don Bailey | Independent Director | Profile |