BYON Old Correlations

Summary

BYONDelisted Stock

9.88 0.98 11.01%

The current 90-days correlation between BYON Old and Dada Nexus is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BYON Old moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BYON Old moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

BYON Old Correlation With Market

Significant diversification

The correlation between BYON Old and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BYON Old and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with BYON Stock

0.73	PPERY	Bank Mandiri Persero	Pair Corr
0.66	PBCRY	Bank Central Asia	Pair Corr
0.8	KB	KB Financial Group	Pair Corr
0.79	SHG	Shinhan Financial	Pair Corr
0.86	CHACR	Crane Harbor Acquisition	Pair Corr
0.66	BAC	Bank of America Aggressive Push	Pair Corr
0.72	RLMD	Relmada Therapeutics	Pair Corr
0.76	AKAM	Akamai Technologies	Pair Corr
0.63	PHAR	Pharming Group NV	Pair Corr
0.66	EGP	EastGroup Properties	Pair Corr
0.64	STAG	STAG Industrial	Pair Corr
0.69	APGE	Apogee Therapeutics,	Pair Corr
0.84	TEO	Telecom Argentina	Pair Corr

Moving against BYON Stock

0.39	26442TAG2	US26442TAG22	Pair Corr
0.48	SWRM	Appswarm	Pair Corr
0.38	WOLF	Wolfspeed,	Pair Corr

Related Correlations Analysis

	DADA	GTX	ALLGF	EMPD	EXTO	AGS	AIIO	CENN	TAST
DADA		0.5	0.0	-0.84	-0.39	0.74	-0.58	-0.5	0.0	DADA
GTX	0.5		0.0	-0.7	-0.64	0.72	-0.82	-0.59	0.0	GTX
ALLGF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ALLGF
EMPD	-0.84	-0.7	0.0		0.61	-0.9	0.8	0.69	0.0	EMPD
EXTO	-0.39	-0.64	0.0	0.61		-0.51	0.77	0.79	0.0	EXTO
AGS	0.74	0.72	0.0	-0.9	-0.51		-0.67	-0.49	0.0	AGS
AIIO	-0.58	-0.82	0.0	0.8	0.77	-0.67		0.87	0.0	AIIO
CENN	-0.5	-0.59	0.0	0.69	0.79	-0.49	0.87		0.0	CENN
TAST	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		TAST
	DADA	GTX	ALLGF	EMPD	EXTO	AGS	AIIO	CENN	TAST

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

CENN	+ 0.87	AIIO
AIIO	+ 0.8	EMPD
CENN	+ 0.79	EXTO
AIIO	+ 0.77	EXTO
AGS	+ 0.74	DADA
AGS	+ 0.72	GTX

High negative correlations

AGS	- 0.9	EMPD
EMPD	- 0.84	DADA
AIIO	- 0.82	GTX
EMPD	- 0.7	GTX
AIIO	- 0.67	AGS
EXTO	- 0.64	GTX

Risk-Adjusted Indicators

There is a big difference between BYON Stock performing well and BYON Old 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 BYON Old'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
DADA	0.96	0.09	0.00	(0.65)	1.32	(1.11)	1.95	(2.09)	8.36
GTX	1.75	0.34	0.20	0.40	1.34	(2.31)	2.83	(3.06)	23.25
ALLGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EMPD	3.27	(1.00)	0.00	(0.38)	0.00	0.00	5.26	(8.45)	17.59
EXTO	1.41	(0.13)	0.00	(0.22)	0.00	0.00	3.97	(3.25)	20.34
AGS	0.23	0.04	(0.09)	(0.65)	0.29	(0.25)	0.49	(0.50)	1.85
AIIO	8.61	(2.07)	0.00	(1.11)	0.00	0.00	19.70	(20.65)	75.86
CENN	5.20	(1.80)	0.00	(0.37)	0.00	0.00	13.33	(10.00)	61.37
TAST	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Delisting Warning - BYON

BYON Old was delisted

The entity BYON Old with a symbol BYON was delisted from NASDAQ Exchange. Please try Bed Bath Beyond, with a symbol BBBY from now on. Check all delisted instruments accross multiple markets.

BYON Old Corporate Management

Tushon Robinson	Chief Officer	Profile
Alexander Thomas	Chief Officer	Profile
Eric Nickle	Corporate Secretary	Profile
Robert CPA	I Governance	Profile

Still Interested in BYON Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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