Biotage AB Related Correlations

BITGF Stock

USD 16.87 0.00 0.00%

Generate correlation matrix for Biotage AB and other related equities to check the degree to which Biotage AB price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Biotage AB. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Biotage AB. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in price.

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Please note, there is a significant difference between Biotage AB's value and its price as these two are different measures arrived at by different means. Investors typically determine if Biotage AB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biotage AB's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	ACCMF	ALXXF	CBYDF	444859BR2	AQUI	LBHIX	MSTSX	VIASP	RRTLX
ACCMF		-0.6	0.32	0.09	-0.87	-0.29	-0.68	-0.57	-0.67	ACCMF
ALXXF	-0.6		-0.05	-0.08	0.83	0.47	0.62	0.56	0.61	ALXXF
CBYDF	0.32	-0.05		-0.17	-0.27	0.13	-0.09	0.11	-0.02	CBYDF
444859BR2	0.09	-0.08	-0.17		-0.11	0.06	-0.01	-0.17	-0.09	444859BR2
AQUI	-0.87	0.83	-0.27	-0.11		0.47	0.78	0.63	0.75	AQUI
LBHIX	-0.29	0.47	0.13	0.06	0.47		0.76	0.62	0.81	LBHIX
MSTSX	-0.68	0.62	-0.09	-0.01	0.78	0.76		0.79	0.95	MSTSX
VIASP	-0.57	0.56	0.11	-0.17	0.63	0.62	0.79		0.86	VIASP
RRTLX	-0.67	0.61	-0.02	-0.09	0.75	0.81	0.95	0.86		RRTLX
	ACCMF	ALXXF	CBYDF	444859BR2	AQUI	LBHIX	MSTSX	VIASP	RRTLX

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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

RRTLX	+ 0.95	MSTSX
RRTLX	+ 0.86	VIASP
AQUI	+ 0.83	ALXXF
RRTLX	+ 0.81	LBHIX
VIASP	+ 0.79	MSTSX
MSTSX	+ 0.78	AQUI

High negative correlations

AQUI	- 0.87	ACCMF
MSTSX	- 0.68	ACCMF
RRTLX	- 0.67	ACCMF
ALXXF	- 0.6	ACCMF
VIASP	- 0.57	ACCMF
LBHIX	- 0.29	ACCMF

Risk-Adjusted Indicators

There is a big difference between Biotage OTC Stock performing well and Biotage AB OTC Stock 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 Biotage AB'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
ACCMF	0.44	(0.23)	0.00	(5.82)	0.00	0.00	0.00	0.00	6.85
ALXXF	0.05	0.02	0.00	0.50	0.00	0.00	0.00	0.00	1.79
CBYDF	0.89	(0.13)	0.00	(0.29)	0.00	0.00	2.43	(4.33)	9.89
444859BR2	0.62	0.00	(0.04)	0.05	1.21	(0.65)	0.96	(1.04)	10.11
AQUI	1.32	0.63	0.00	0.95	0.00	0.00	0.00	0.00	25.00
LBHIX	0.19	(0.03)	0.00	(0.39)	0.00	0.00	0.48	(0.48)	1.21
MSTSX	0.46	(0.02)	(0.04)	0.04	0.64	(0.49)	0.98	(1.06)	3.20
VIASP	1.53	0.09	0.03	0.17	2.28	(1.56)	3.60	(3.74)	13.41
RRTLX	0.26	0.01	(0.13)	0.21	0.31	(0.29)	0.51	(0.59)	1.46

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Biotage AB Related Correlations

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Correlation Matchups

Risk-Adjusted Indicators

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