Kane Biotech Correlations

KNBIF Stock

USD 0.03 0 10.77%

The current 90-days correlation between Kane Biotech and Bioxytran is 0.14 (i.e., Average diversification). The correlation of Kane Biotech 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.

Kane Biotech Correlation With Market

Poor diversification

The correlation between Kane Biotech and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kane Biotech and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Kane Biotech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kane Biotech 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 Kane Biotech - 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 Kane Biotech to buy it.

Moving together with Kane Pink Sheet

0.62	ZDZT	Zhengduozhe Technology	Pair Corr
0.83	BNEFF	Bonterra Energy Corp	Pair Corr
0.81	TLOFF	Talon Metals Corp	Pair Corr
0.86	CAMZF	Camino Minerals	Pair Corr
0.72	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.74	BLAGF	Blue Lagoon Resources	Pair Corr
0.76	CYD	China Yuchai Interna Earnings Call This Week	Pair Corr
0.8	FRSB	First Resource Bank	Pair Corr
0.84	PYTCY	Playtech PLC ADR	Pair Corr
0.67	DUK-PA	Duke Energy	Pair Corr
0.83	YLLXF	Yellow Cake plc	Pair Corr

Moving against Kane Pink Sheet

0.43	ARGX	argenx NV ADR Earnings Call Next Week	Pair Corr
0.36	BAM	Brookfield Asset Man	Pair Corr

Related Correlations Analysis

	BIXT	MYNDF	BZYR	TXTM	FAMDF	BVAXF	GLWLF	THER	PMEDF	BUDZ
BIXT		0.44	0.43	-0.04	0.01	0.62	0.0	0.0	0.57	0.43	BIXT
MYNDF	0.44		0.63	0.56	0.14	0.08	0.0	0.0	0.35	-0.21	MYNDF
BZYR	0.43	0.63		0.48	0.37	0.22	0.0	0.0	0.16	0.04	BZYR
TXTM	-0.04	0.56	0.48		0.26	-0.48	0.0	0.0	-0.03	-0.43	TXTM
FAMDF	0.01	0.14	0.37	0.26		0.11	0.0	0.0	-0.21	-0.14	FAMDF
BVAXF	0.62	0.08	0.22	-0.48	0.11		0.0	0.0	0.2	0.62	BVAXF
GLWLF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	GLWLF
THER	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	THER
PMEDF	0.57	0.35	0.16	-0.03	-0.21	0.2	0.0	0.0		0.27	PMEDF
BUDZ	0.43	-0.21	0.04	-0.43	-0.14	0.62	0.0	0.0	0.27		BUDZ
	BIXT	MYNDF	BZYR	TXTM	FAMDF	BVAXF	GLWLF	THER	PMEDF	BUDZ

Please upgrade your account to get full access to Macroaxis premium features

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

BZYR	+ 0.63	MYNDF
BVAXF	+ 0.62	BIXT
BUDZ	+ 0.62	BVAXF
PMEDF	+ 0.57	BIXT
TXTM	+ 0.56	MYNDF
TXTM	+ 0.48	BZYR

High negative correlations

BVAXF	- 0.48	TXTM
BUDZ	- 0.43	TXTM
PMEDF	- 0.21	FAMDF
BUDZ	- 0.21	MYNDF
BUDZ	- 0.14	FAMDF
TXTM	- 0.04	BIXT

Risk-Adjusted Indicators

There is a big difference between Kane Pink Sheet performing well and Kane Biotech 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 Kane Biotech'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
BIXT	5.14	(0.34)	0.00	0.50	0.00	0.00	12.92	(11.44)	40.67
MYNDF	1.86	(0.22)	0.00	(0.08)	0.00	0.00	0.00	0.00	113.60
BZYR	9.01	0.64	0.04	0.14	11.57	(30.61)	21.05	(23.81)	134.21
TXTM	4.15	0.38	0.07	0.37	4.84	(4.70)	8.82	(8.33)	18.85
FAMDF	51.74	18.83	0.33	(1.29)	27.11	(160.61)	200.00	(60.00)	480.00
BVAXF	5.19	(0.73)	0.00	(4.75)	0.00	0.00	9.09	(17.65)	36.58
GLWLF	1.21	0.09	0.00	0.12	0.00	0.00	5.25	0.00	27.60
THER	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PMEDF	7.75	1.51	0.13	12.65	6.65	(18.57)	18.00	(13.64)	139.39
BUDZ	9.99	0.37	0.01	(0.07)	11.30	(13.98)	33.33	(25.00)	58.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kane Biotech 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 Cryptocurrency Center Now

Cryptocurrency Center

Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency

All Next

Launch Module

Kane Biotech Corporate Management

Kevin Cole	Pres Inc	Profile
Wendy Nachtigall	Director Marketing	Profile
Gregory Schultz	Chief Board	Profile
Lorne Gorber	Investor Relations	Profile
Ray Dupuis	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC