Biomx Correlations

PHGE Stock

USD 0.73 0.02 2.82%

The current 90-days correlation between Biomx Inc and Navidea Biopharmaceuticals is 0.36 (i.e., Weak diversification). The correlation of Biomx 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.

Biomx Correlation With Market

Average diversification

The correlation between Biomx Inc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Biomx Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Biomx Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Biomx Stock

0.63

PFE

Pfizer Inc Earnings Call This Week

Pair Corr

Moving against Biomx Stock

0.51	LFCR	Lifecore Biomedical	Pair Corr
0.46	NHC	National HealthCare	Pair Corr
0.37	DERM	Journey Medical Corp Upward Rally	Pair Corr
0.67	688217	Shanghai Rightongene	Pair Corr
0.61	688670	Jiangsu GDK Biotechnology	Pair Corr
0.56	300871	Wuhan Hvsen Biotechnology	Pair Corr
0.52	300439	Ningbo MedicalSystem	Pair Corr
0.43	688639	Anhui Huaheng Biotec	Pair Corr
0.41	300942	Shenzhen Bioeasy Bio	Pair Corr
0.41	688739	Liaoning Chengda Bio	Pair Corr
0.31	VLY	Valley National Bancorp	Pair Corr

Related Correlations Analysis

	KRBP	ZVSA	YS	NAVB	IMMX	CNSP	EFTR	SONN	LABP
KRBP		0.18	0.0	0.56	-0.58	0.51	0.31	0.68	0.0	KRBP
ZVSA	0.18		0.0	0.83	-0.55	0.22	0.5	0.68	0.0	ZVSA
YS	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	YS
NAVB	0.56	0.83	0.0		-0.73	0.42	0.57	0.92	0.0	NAVB
IMMX	-0.58	-0.55	0.0	-0.73		-0.4	-0.29	-0.75	0.0	IMMX
CNSP	0.51	0.22	0.0	0.42	-0.4		0.59	0.52	0.0	CNSP
EFTR	0.31	0.5	0.0	0.57	-0.29	0.59		0.65	0.0	EFTR
SONN	0.68	0.68	0.0	0.92	-0.75	0.52	0.65		0.0	SONN
LABP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		LABP
	KRBP	ZVSA	YS	NAVB	IMMX	CNSP	EFTR	SONN	LABP

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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

SONN	+ 0.92	NAVB
NAVB	+ 0.83	ZVSA
SONN	+ 0.68	KRBP
SONN	+ 0.68	ZVSA
SONN	+ 0.65	EFTR
EFTR	+ 0.59	CNSP

High negative correlations

SONN	- 0.75	IMMX
IMMX	- 0.73	NAVB
IMMX	- 0.58	KRBP
IMMX	- 0.55	ZVSA
CNSP	- 0.4	IMMX
EFTR	- 0.29	IMMX

Risk-Adjusted Indicators

There is a big difference between Biomx Stock performing well and Biomx 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 Biomx'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
KRBP	6.00	(0.32)	0.00	(0.08)	0.00	0.00	12.04	(10.96)	65.24
ZVSA	5.44	(0.42)	0.00	(0.06)	0.00	0.00	13.76	(8.06)	78.93
YS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NAVB	6.04	(1.10)	0.00	10.79	0.00	0.00	12.50	(12.50)	40.40
IMMX	4.42	0.39	0.06	10.84	4.83	(5.27)	9.38	(8.19)	33.17
CNSP	4.18	(0.23)	0.00	0.34	0.00	0.00	10.00	(9.09)	24.15
EFTR	7.57	(4.75)	0.00	(1.74)	0.00	0.00	8.70	(27.78)	88.91
SONN	4.99	(1.68)	0.00	761.57	0.00	0.00	9.38	(14.50)	44.37
LABP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Biomx Corporate Management

Jonathan MBA	CEO Director	Profile
Assaf Oron	Chief Officer	Profile
Eran MD	Scientific Founder	Profile
Merav Bassan	Chief Officer	Profile
Avraham Gabay	Interim Officer	Profile
Pr Sorek	Scientific Founder	Profile

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