Impact BioMedical Correlations

IBO Stock

USD 0.51 0.02 4.08%

The current 90-days correlation between Impact BioMedical and Neurosense Therapeutics is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Impact BioMedical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Impact BioMedical moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Impact BioMedical Correlation With Market

Significant diversification

The correlation between Impact BioMedical and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Impact BioMedical and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Impact Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Impact BioMedical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

To learn how to invest in Impact Stock, please use our How to Invest in Impact BioMedical guide.

Moving together with Impact Stock

0.66	MSFT	Microsoft	Pair Corr
0.61	HPQ	HP Inc	Pair Corr

Moving against Impact Stock

0.71	IRNRF	Iron Road Limited	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.7	KO	Coca Cola	Pair Corr
0.64	DD	Dupont De Nemours	Pair Corr
0.62	MMM	3M Company	Pair Corr
0.62	XOM	Exxon Mobil Corp	Pair Corr
0.57	CAT	Caterpillar	Pair Corr
0.56	TRV	The Travelers Companies	Pair Corr
0.5	AXP	American Express	Pair Corr
0.49	IBM	International Business	Pair Corr
0.47	BAC	Bank of America	Pair Corr
0.45	GSTX	Graphene Solar Techn	Pair Corr
0.4	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	NRSN	AIM	BCLI	TCRT	MLEC	CYCN	QNRX	ADIL	XTLB	XBIO
NRSN		0.72	0.72	-0.4	0.74	0.73	0.04	0.82	0.67	0.53	NRSN
AIM	0.72		0.8	-0.49	0.84	0.95	-0.39	0.84	0.86	0.66	AIM
BCLI	0.72	0.8		-0.65	0.83	0.76	-0.33	0.81	0.77	0.59	BCLI
TCRT	-0.4	-0.49	-0.65		-0.58	-0.36	0.31	-0.45	-0.3	-0.03	TCRT
MLEC	0.74	0.84	0.83	-0.58		0.86	-0.51	0.87	0.77	0.54	MLEC
CYCN	0.73	0.95	0.76	-0.36	0.86		-0.46	0.86	0.88	0.71	CYCN
QNRX	0.04	-0.39	-0.33	0.31	-0.51	-0.46		-0.29	-0.37	-0.21	QNRX
ADIL	0.82	0.84	0.81	-0.45	0.87	0.86	-0.29		0.84	0.67	ADIL
XTLB	0.67	0.86	0.77	-0.3	0.77	0.88	-0.37	0.84		0.9	XTLB
XBIO	0.53	0.66	0.59	-0.03	0.54	0.71	-0.21	0.67	0.9		XBIO
	NRSN	AIM	BCLI	TCRT	MLEC	CYCN	QNRX	ADIL	XTLB	XBIO

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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

CYCN	+ 0.95	AIM
XBIO	+ 0.9	XTLB
XTLB	+ 0.88	CYCN
ADIL	+ 0.87	MLEC
XTLB	+ 0.86	AIM
CYCN	+ 0.86	MLEC

High negative correlations

TCRT	- 0.65	BCLI
MLEC	- 0.58	TCRT
QNRX	- 0.51	MLEC
TCRT	- 0.49	AIM
QNRX	- 0.46	CYCN
ADIL	- 0.45	TCRT

Risk-Adjusted Indicators

There is a big difference between Impact Stock performing well and Impact BioMedical 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 Impact BioMedical'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
NRSN	3.70	(0.63)	0.00	(1.20)	0.00	0.00	8.45	(7.37)	34.62
AIM	3.78	(1.32)	0.00	(0.47)	0.00	0.00	8.24	(7.64)	28.63
BCLI	3.33	(0.30)	0.00	(0.56)	0.00	0.00	7.14	(6.67)	24.01
TCRT	5.15	0.55	0.09	0.47	5.55	(6.09)	11.86	(10.55)	36.12
MLEC	4.87	(1.94)	0.00	4.06	0.00	0.00	8.00	(10.81)	44.59
CYCN	3.22	(0.87)	0.00	(1.08)	0.00	0.00	6.69	(10.12)	22.91
QNRX	10.54	3.11	0.23	(0.28)	10.06	(13.27)	24.48	(17.54)	187.29
ADIL	2.88	(0.61)	0.00	(0.46)	0.00	0.00	5.71	(7.69)	18.11
XTLB	4.63	(0.90)	0.00	(0.44)	0.00	0.00	7.79	(9.46)	66.92
XBIO	6.85	0.34	0.06	0.17	7.37	(9.90)	4.96	(9.06)	174.58

Impact BioMedical Corporate Executives

Elected by the shareholders, the Impact BioMedical's board of directors comprises two types of representatives: Impact BioMedical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Impact. The board's role is to monitor Impact BioMedical's management team and ensure that shareholders' interests are well served. Impact BioMedical'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, Impact BioMedical's outside directors are responsible for providing unbiased perspectives on the board's policies.

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