Bone Biologics Correlations

BBLGW Stock

USD 20.20 0.00 0.00%

The current 90-days correlation between Bone Biologics Corp and Bone Biologics Corp is -0.08 (i.e., Good diversification). The correlation of Bone Biologics 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Bone Biologics Correlation With Market

Good diversification

The correlation between Bone Biologics Corp and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bone Biologics Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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 against Bone Stock

0.57	GPCR	Structure Therapeutics	Pair Corr
0.48	CDIOW	Cardio Diagnostics	Pair Corr
0.47	HOLX	Hologic	Pair Corr
0.47	INFU	InfuSystems Holdings	Pair Corr
0.45	ELVN	Enliven Therapeutics	Pair Corr
0.33	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.31	SSKN	STRATA Skin Sciences Earnings Call Tomorrow	Pair Corr
0.62	IMMX	Immix Biopharma	Pair Corr
0.57	MLTX	MoonLake Immunotherapeuti	Pair Corr
0.54	PMVP	Pmv Pharmaceuticals	Pair Corr
0.53	PYXS	Pyxis Oncology	Pair Corr
0.49	ZURA	Zura Bio Limited	Pair Corr
0.43	IMRX	Immuneering Corp	Pair Corr
0.4	SCLX	Scilex Holding	Pair Corr
0.4	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.39	AVTE	Aerovate Therapeutics	Pair Corr
0.38	ATNF	180 Life Sciences	Pair Corr
0.36	ADVM	Adverum Biotechnologies	Pair Corr
0.33	REPL	Replimune Group	Pair Corr

Related Correlations Analysis

	BBLG	BFRIW	IINNW	PETVW	KTTAW
BBLG		0.0	0.12	0.0	-0.22	BBLG
BFRIW	0.0		-0.07	0.0	-0.15	BFRIW
IINNW	0.12	-0.07		0.0	-0.04	IINNW
PETVW	0.0	0.0	0.0		0.0	PETVW
KTTAW	-0.22	-0.15	-0.04	0.0		KTTAW
	BBLG	BFRIW	IINNW	PETVW	KTTAW

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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

IINNW	+ 0.12	BBLG
BFRIW	+ 0.0	BBLG
PETVW	+ 0.0	BBLG
PETVW	+ 0.0	BFRIW
PETVW	+ 0.0	IINNW
KTTAW	+ 0.0	PETVW

High negative correlations

KTTAW	- 0.22	BBLG
KTTAW	- 0.15	BFRIW
IINNW	- 0.07	BFRIW
KTTAW	- 0.04	IINNW
KTTAW	- 0.0	PETVW
PETVW	- 0.0	IINNW

Risk-Adjusted Indicators

There is a big difference between Bone Stock performing well and Bone Biologics 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 Bone Biologics' 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
BBLG	3.60	(0.18)	0.00	(0.22)	0.00	0.00	9.80	(7.87)	23.26
BFRIW	17.91	2.78	0.15	(0.42)	17.35	(22.53)	64.77	(35.22)	138.66
IINNW	9.68	1.00	0.06	0.87	10.65	(18.70)	27.78	(25.53)	120.00
PETVW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KTTAW	18.99	4.16	0.20	0.99	14.99	(30.72)	62.34	(29.20)	141.61

Bone Biologics Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bone Biologics stock to make a market-neutral strategy. Peer analysis of Bone Biologics could also be used in its relative valuation, which is a method of valuing Bone Biologics by comparing valuation metrics with similar companies.

Bone Biologics Corp Biofrontera Warrants Inspira Technologies Oxy PetVivo Holdings Warrant Pasithea Therapeutics Corp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

Risk & Return

Correlation

Bone Biologics Corporate Executives

Elected by the shareholders, the Bone Biologics' board of directors comprises two types of representatives: Bone Biologics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bone. The board's role is to monitor Bone Biologics' management team and ensure that shareholders' interests are well served. Bone Biologics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bone Biologics' outside directors are responsible for providing unbiased perspectives on the board's policies.

Shunichi Kuroda

CoFounder Board

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