Biotron Related Correlations

BITRF Stock

USD 0.06 0.00 0.00%

Generate correlation matrix for Biotron and other related equities to check the degree to which Biotron Limited 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 Biotron Limited. 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 Biotron Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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Please note, there is a significant difference between Biotron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Biotron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Biotron'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

	BIOAF	CVALF	CPMV	CRPOF	CMVLF	RVXCF	DMTTF	APTCF	CHNXF
BIOAF		-0.31	-0.33	0.66	-0.56	-0.32	0.0	0.0	-0.7	BIOAF
CVALF	-0.31		0.25	-0.35	0.39	0.39	0.0	0.0	0.15	CVALF
CPMV	-0.33	0.25		-0.59	0.46	0.53	0.0	0.0	0.49	CPMV
CRPOF	0.66	-0.35	-0.59		-0.8	-0.74	0.0	0.0	-0.89	CRPOF
CMVLF	-0.56	0.39	0.46	-0.8		0.65	0.0	0.0	0.79	CMVLF
RVXCF	-0.32	0.39	0.53	-0.74	0.65		0.0	0.0	0.57	RVXCF
DMTTF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	DMTTF
APTCF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	APTCF
CHNXF	-0.7	0.15	0.49	-0.89	0.79	0.57	0.0	0.0		CHNXF
	BIOAF	CVALF	CPMV	CRPOF	CMVLF	RVXCF	DMTTF	APTCF	CHNXF

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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

CHNXF	+ 0.79	CMVLF
CRPOF	+ 0.66	BIOAF
RVXCF	+ 0.65	CMVLF
CHNXF	+ 0.57	RVXCF
RVXCF	+ 0.53	CPMV
CHNXF	+ 0.49	CPMV

High negative correlations

CHNXF	- 0.89	CRPOF
CMVLF	- 0.8	CRPOF
RVXCF	- 0.74	CRPOF
CHNXF	- 0.7	BIOAF
CRPOF	- 0.59	CPMV
CMVLF	- 0.56	BIOAF

Risk-Adjusted Indicators

There is a big difference between Biotron Pink Sheet performing well and Biotron 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 Biotron'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
BIOAF	11.27	2.24	0.09	(2.15)	10.74	(33.96)	40.00	(25.00)	100.00
CVALF	1.19	0.08	0.00	(1.25)	1.92	(7.46)	4.71	(3.41)	20.37
CPMV	6.24	1.33	0.04	(0.29)	9.09	(20.46)	10.00	(14.75)	107.33
CRPOF	2.02	0.75	0.00	(1.80)	0.00	0.00	6.25	(1.67)	39.22
CMVLF	0.89	(0.06)	0.00	(0.68)	0.00	0.00	0.39	(3.76)	17.44
RVXCF	1.92	(0.08)	0.00	0.11	0.00	0.00	0.00	0.00	45.00
DMTTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APTCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CHNXF	2.46	(0.63)	0.00	(69.40)	0.00	0.00	4.60	(11.50)	30.17

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Biotron Related Correlations

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Correlations

Correlation Matchups

Risk-Adjusted Indicators

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