BioPorto Correlations
| THOXF Stock | USD 0.15 0.00 0.00% |
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
Excellent diversification
The correlation between BioPorto AS and DJI is -0.57 (i.e., Excellent 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.
BioPorto |
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
| 0.76 | TMO | Thermo Fisher Scientific | PairCorr |
| 0.83 | DHR | Danaher | PairCorr |
| 0.84 | IDXX | IDEXX Laboratories | PairCorr |
| 0.79 | A | Agilent Technologies Earnings Call Tomorrow | PairCorr |
| 0.82 | WAT | Waters | PairCorr |
| 0.83 | NTRA | Natera Inc Earnings Call This Week | PairCorr |
| 0.72 | PBCRF | PT Bank Central | PairCorr |
| 0.78 | PBCRY | Bank Central Asia | PairCorr |
Moving against BioPorto Pink Sheet
| 0.88 | SHG | Shinhan Financial | PairCorr |
| 0.85 | KB | KB Financial Group | PairCorr |
| 0.61 | BKRKY | Bank Rakyat | PairCorr |
| 0.55 | WUXAY | WuXi AppTec | PairCorr |
| 0.45 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.41 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.9 | STLD | Steel Dynamics | PairCorr |
| 0.88 | MT | ArcelorMittal SA ADR | PairCorr |
| 0.86 | WF | Woori Financial Group | PairCorr |
| 0.86 | EE | Excelerate Energy Earnings Call This Week | PairCorr |
| 0.85 | BCPC | Balchem | PairCorr |
| 0.84 | OMAB | Grupo Aeroportuario del | PairCorr |
| 0.82 | NPXYY | Nippon Sanso Holdings | PairCorr |
| 0.82 | FGBIP | First Guaranty Bancshares | PairCorr |
| 0.81 | JBLU | JetBlue Airways Corp | PairCorr |
| 0.72 | JPM-PD | JPMorgan Chase | PairCorr |
| 0.63 | MDDVF | Medical Developments | PairCorr |
| 0.53 | CET | Central Securities | PairCorr |
| 0.5 | PSA-PJ | Public Storage | PairCorr |
| 0.5 | KGC | Kinross Gold Aggressive Push | PairCorr |
| 0.48 | KJFI | Comjoyful International | PairCorr |
| 0.42 | KYMR | Kymera Therapeutics | PairCorr |
| 0.89 | CSBI | Carroll Shelby Inter | PairCorr |
| 0.88 | EGHAR | EGH Acquisition Corp | PairCorr |
| 0.88 | SBFFF | SBM Offshore NV | PairCorr |
| 0.86 | LPG | Dorian LPG | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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 | 1.89 | 0.11 | (0.01) | (0.10) | 1.98 | 5.21 | 15.49 | |||
| IDGXF | 0.54 | (0.01) | 0.00 | (0.26) | 0.00 | 0.00 | 22.88 | |||
| EAPIF | 0.91 | (0.48) | 0.00 | 65.62 | 0.00 | 0.00 | 24.21 | |||
| CLVLF | 0.54 | 0.17 | 0.00 | 1.48 | 0.00 | 0.96 | 11.57 | |||
| PRRUF | 1.86 | 0.71 | 0.00 | (0.75) | 0.00 | 3.85 | 60.76 | |||
| NWBO | 2.81 | (0.09) | 0.00 | (0.02) | 0.00 | 4.35 | 38.34 | |||
| ONVVF | 4.50 | 1.32 | 0.00 | 3.32 | 0.00 | 0.00 | 210.00 | |||
| IOBCF | 1.62 | 0.71 | 0.00 | 2.78 | 0.00 | 5.83 | 19.42 | |||
| COGZF | 1.60 | (0.21) | 0.00 | (0.26) | 0.00 | 6.25 | 26.42 | |||
| CYDY | 2.69 | (0.22) | 0.00 | (5.38) | 0.00 | 7.41 | 19.38 |
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.Did you try this?
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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 |