BioPorto Correlations

THOXF Stock

USD 0.15 0.14 48.28%

The current 90-days correlation between BioPorto AS and Spectral Med is 0.06 (i.e., Significant diversification). The correlation of BioPorto 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.

BioPorto Correlation With Market

Very good diversification

The correlation between BioPorto AS and DJI is -0.38 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BioPorto AS and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with BioPorto Pink Sheet

0.65

IDXX

IDEXX Laboratories

Pair Corr

Moving against BioPorto Pink Sheet

0.75	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.63	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.57	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.56	EC	Ecopetrol SA ADR	Pair Corr
0.34	GNTX	Gentex	Pair Corr
0.8	CASH	Meta Financial Group	Pair Corr
0.7	WF	Woori Financial Group	Pair Corr
0.61	YLLXF	Yellow Cake plc	Pair Corr
0.58	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.51	RCKY	Rocky Brands	Pair Corr
0.48	ENDMF	Enduro Metals	Pair Corr
0.41	NEWTH	NewtekOne 8625 percent	Pair Corr
0.4	ONTF	ON24 Inc	Pair Corr
0.37	FIBK	First Interstate Ban Normal Trading	Pair Corr
0.31	BNKHF	BOC Hong Kong	Pair Corr
0.78	EPD	Enterprise Products Sell-off Trend	Pair Corr
0.69	ANDE	Andersons	Pair Corr
0.65	PLX	Protalix Biotherapeutics	Pair Corr
0.58	ENS	Enersys Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EDTXF	IDGXF	EAPIF	CLVLF	PRRUF	NWBO	ONVVF	IOBCF	COGZF	CYDY
EDTXF		-0.51	-0.06	-0.23	0.02	0.28	0.02	0.05	0.35	-0.47	EDTXF
IDGXF	-0.51		-0.44	0.51	0.46	0.21	0.05	0.39	-0.74	0.36	IDGXF
EAPIF	-0.06	-0.44		-0.55	-0.7	-0.69	-0.14	-0.84	0.54	0.55	EAPIF
CLVLF	-0.23	0.51	-0.55		0.36	0.43	-0.02	0.77	-0.61	-0.27	CLVLF
PRRUF	0.02	0.46	-0.7	0.36		0.33	0.04	0.51	-0.47	-0.28	PRRUF
NWBO	0.28	0.21	-0.69	0.43	0.33		0.18	0.72	-0.36	-0.47	NWBO
ONVVF	0.02	0.05	-0.14	-0.02	0.04	0.18		0.11	0.05	-0.08	ONVVF
IOBCF	0.05	0.39	-0.84	0.77	0.51	0.72	0.11		-0.59	-0.56	IOBCF
COGZF	0.35	-0.74	0.54	-0.61	-0.47	-0.36	0.05	-0.59		-0.13	COGZF
CYDY	-0.47	0.36	0.55	-0.27	-0.28	-0.47	-0.08	-0.56	-0.13		CYDY
	EDTXF	IDGXF	EAPIF	CLVLF	PRRUF	NWBO	ONVVF	IOBCF	COGZF	CYDY

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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

IOBCF	+ 0.77	CLVLF
IOBCF	+ 0.72	NWBO
CYDY	+ 0.55	EAPIF
COGZF	+ 0.54	EAPIF
CLVLF	+ 0.51	IDGXF
IOBCF	+ 0.51	PRRUF

High negative correlations

IOBCF	- 0.84	EAPIF
COGZF	- 0.74	IDGXF
PRRUF	- 0.7	EAPIF
NWBO	- 0.69	EAPIF
COGZF	- 0.61	CLVLF
COGZF	- 0.59	IOBCF

Risk-Adjusted Indicators

There is a big difference between BioPorto Pink Sheet performing well and BioPorto 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 BioPorto'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
EDTXF	2.53	(0.04)	0.00	0.21	0.00	0.00	5.88	(4.85)	22.77
IDGXF	1.14	0.50	0.00	(2.13)	0.00	0.00	0.00	0.00	30.53
EAPIF	0.91	(0.49)	0.00	(8.65)	0.00	0.00	0.00	0.00	24.21
CLVLF	0.77	0.34	0.00	(0.67)	0.00	0.00	1.75	0.00	14.74
PRRUF	1.89	0.47	0.00	1.96	0.00	0.00	3.85	0.00	60.76
NWBO	2.74	0.05	0.00	0.16	2.97	(6.14)	4.35	(4.17)	38.34
ONVVF	4.50	1.10	0.00	0.42	0.00	0.00	0.00	0.00	210.00
IOBCF	1.65	0.53	0.12	(6.20)	1.14	(5.98)	5.83	(2.78)	19.42
COGZF	2.11	(0.31)	0.00	(0.15)	0.00	0.00	6.62	(7.06)	29.04
CYDY	2.72	0.02	(0.01)	(0.09)	2.90	(6.01)	7.69	(5.71)	24.19

Be your own money manager

Our tools can tell you how much better you can do entering a position in BioPorto 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.

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BioPorto Corporate Management

Neil CPA	Ex CFO	Profile
Christopher Bird	Chief Officer	Profile
Jennifer Zonderman	VP Commercialization	Profile
Lars Uttenthal	Chief Officer	Profile
Gry Larsen	G Counsel	Profile
Nis Kruse	Ex APAC	Profile
Anthony Pare	Chief Officer	Profile

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