Biote Corp Correlations

BTMD Stock

USD 6.34 0.36 6.02%

The current 90-days correlation between biote Corp and InnovAge Holding Corp is -0.01 (i.e., Good diversification). The correlation of Biote Corp 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.

Biote Corp Correlation With Market

Weak diversification

The correlation between biote Corp and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding biote Corp 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 biote Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade Biote Stock refer to our How to Trade Biote Stock guide.

Moving together with Biote Stock

0.71	ENOV	Enovis Corp	Pair Corr
0.68	VCNX	Vaccinex	Pair Corr

Moving against Biote Stock

0.59	FIGS	Figs Inc	Pair Corr
0.46	VMD	Viemed Healthcare	Pair Corr
0.43	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.43	SSY	SunLink Health Systems	Pair Corr
0.33	DOMH	Dominari Holdings	Pair Corr
0.64	VRDN	Viridian Therapeutics	Pair Corr
0.59	EXAS	EXACT Sciences	Pair Corr
0.59	KZR	Kezar Life Sciences	Pair Corr
0.53	EWTX	Edgewise Therapeutics	Pair Corr

Related Correlations Analysis

	EHC	PNTG	ENSG	INNV	MODV	ACHC	AMED	OPCH
EHC		-0.35	-0.05	-0.39	-0.41	-0.84	-0.62	-0.84	EHC
PNTG	-0.35		0.24	0.5	-0.23	0.54	0.56	0.61	PNTG
ENSG	-0.05	0.24		0.43	0.01	0.24	0.27	0.16	ENSG
INNV	-0.39	0.5	0.43		0.41	0.62	0.8	0.59	INNV
MODV	-0.41	-0.23	0.01	0.41		0.43	0.24	0.3	MODV
ACHC	-0.84	0.54	0.24	0.62	0.43		0.7	0.87	ACHC
AMED	-0.62	0.56	0.27	0.8	0.24	0.7		0.79	AMED
OPCH	-0.84	0.61	0.16	0.59	0.3	0.87	0.79		OPCH
	EHC	PNTG	ENSG	INNV	MODV	ACHC	AMED	OPCH

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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

OPCH	+ 0.87	ACHC
AMED	+ 0.8	INNV
OPCH	+ 0.79	AMED
AMED	+ 0.7	ACHC
ACHC	+ 0.62	INNV
OPCH	+ 0.61	PNTG

High negative correlations

OPCH	- 0.84	EHC
ACHC	- 0.84	EHC
AMED	- 0.62	EHC
MODV	- 0.41	EHC
INNV	- 0.39	EHC
PNTG	- 0.35	EHC

Risk-Adjusted Indicators

There is a big difference between Biote Stock performing well and Biote Corp 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 Biote Corp'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
EHC	0.90	0.14	0.06	0.48	0.84	(0.97)	1.76	(1.86)	9.75
PNTG	2.19	(0.27)	0.00	(0.04)	0.00	0.00	4.19	(3.97)	13.06
ENSG	1.06	0.03	(0.07)	(0.01)	1.63	(1.04)	2.32	(2.11)	10.08
INNV	2.19	(0.53)	0.00	(0.16)	0.00	0.00	4.28	(4.81)	11.60
MODV	4.59	0.00	(0.01)	0.11	13.42	(3.65)	7.43	(8.25)	65.08
ACHC	2.23	(1.11)	0.00	(0.86)	0.00	0.00	3.36	(5.78)	22.87
AMED	0.42	(0.15)	0.00	(0.43)	0.00	0.00	0.61	(0.93)	5.99
OPCH	1.81	(0.60)	0.00	(0.23)	0.00	0.00	2.91	(3.57)	26.20

Biote Corp Corporate Management

Teresa Weber	CEO Director	Profile
Samar Kamdar	Principal CFO	Profile
Ross MD	Chief Officer	Profile
Jennifer Schimmel	Director Talent	Profile
James II	Chief Officer	Profile
Robert Peterson	Chief Officer	Profile

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