BeyondSpring Correlations

BYSI Stock

USD 1.67 0.04 2.45%

The current 90-days correlation between BeyondSpring and Alx Oncology Holdings is 0.16 (i.e., Average diversification). The correlation of BeyondSpring 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.

BeyondSpring Correlation With Market

Modest diversification

The correlation between BeyondSpring and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BeyondSpring and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BeyondSpring. 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 more detail on how to invest in BeyondSpring Stock please use our How to Invest in BeyondSpring guide.

Moving against BeyondSpring Stock

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0.42	MCHP	Microchip Technology	Pair Corr
0.4	CVX	Chevron Corp	Pair Corr
0.4	JPM	JPMorgan Chase	Pair Corr
0.33	ATI	Allegheny Technologies	Pair Corr
0.33	DIS	Walt Disney	Pair Corr
0.31	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	ALXO	HYFT	ATYR	DTIL	GUTS	QNCX	CAMP	BMEA	RPTX	UNCY
ALXO		-0.38	0.67	0.52	-0.34	-0.31	-0.42	0.47	-0.45	-0.35	ALXO
HYFT	-0.38		-0.36	-0.52	0.38	0.26	0.39	0.02	0.6	0.45	HYFT
ATYR	0.67	-0.36		0.71	-0.42	-0.45	-0.51	0.61	-0.54	-0.58	ATYR
DTIL	0.52	-0.52	0.71		-0.74	-0.7	-0.59	0.26	-0.81	-0.72	DTIL
GUTS	-0.34	0.38	-0.42	-0.74		0.88	0.79	0.01	0.81	0.71	GUTS
QNCX	-0.31	0.26	-0.45	-0.7	0.88		0.57	-0.19	0.66	0.82	QNCX
CAMP	-0.42	0.39	-0.51	-0.59	0.79	0.57		0.15	0.63	0.41	CAMP
BMEA	0.47	0.02	0.61	0.26	0.01	-0.19	0.15		-0.21	-0.32	BMEA
RPTX	-0.45	0.6	-0.54	-0.81	0.81	0.66	0.63	-0.21		0.71	RPTX
UNCY	-0.35	0.45	-0.58	-0.72	0.71	0.82	0.41	-0.32	0.71		UNCY
	ALXO	HYFT	ATYR	DTIL	GUTS	QNCX	CAMP	BMEA	RPTX	UNCY

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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

QNCX	+ 0.88	GUTS
UNCY	+ 0.82	QNCX
RPTX	+ 0.81	GUTS
CAMP	+ 0.79	GUTS
DTIL	+ 0.71	ATYR
UNCY	+ 0.71	GUTS

High negative correlations

RPTX	- 0.81	DTIL
GUTS	- 0.74	DTIL
UNCY	- 0.72	DTIL
QNCX	- 0.7	DTIL
CAMP	- 0.59	DTIL
UNCY	- 0.58	ATYR

Risk-Adjusted Indicators

There is a big difference between BeyondSpring Stock performing well and BeyondSpring 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 BeyondSpring'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
ALXO	5.20	(0.16)	0.00	(0.35)	0.00	0.00	12.80	(9.41)	26.77
HYFT	4.67	0.15	0.05	0.17	5.22	(5.09)	10.99	(7.34)	27.31
ATYR	3.28	(0.52)	0.00	(2.45)	0.00	0.00	7.22	(8.25)	22.83
DTIL	3.39	(0.51)	0.00	(0.28)	0.00	0.00	6.46	(8.82)	28.04
GUTS	3.47	0.68	0.15	(2.34)	3.01	(4.59)	9.31	(5.49)	26.39
QNCX	4.39	0.70	0.17	0.49	4.09	(5.69)	11.39	(7.90)	42.36
CAMP	5.14	0.81	0.13	0.75	5.51	(6.03)	12.31	(9.59)	38.93
BMEA	4.13	(0.19)	(0.01)	0.03	4.68	(4.62)	9.38	(8.33)	23.26
RPTX	2.30	0.71	0.25	(1.23)	1.57	(3.24)	3.95	(3.26)	35.71
UNCY	3.38	0.60	0.12	0.86	4.16	(3.54)	6.38	(6.59)	17.45

BeyondSpring Corporate Management

Kenneth Lloyd	Chief Officer	Profile
Gregg Russo	Senior Resources	Profile
Stephen Kilmer	Head Relations	Profile
June Lu	Chief Officer	Profile
Linqing Jia	CoFounder	Profile
Ramon Mohanlal	Chief RD	Profile
Lan Huang	Chairman CoFounder	Profile

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