Bioatla Correlations

BCAB Stock

USD 0.36 0.02 5.88%

The current 90-days correlation between Bioatla and Passage Bio is 0.16 (i.e., Average diversification). The correlation of Bioatla 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.

Bioatla Correlation With Market

Modest diversification

The correlation between Bioatla and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bioatla and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bioatla. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For information on how to trade Bioatla Stock refer to our How to Trade Bioatla Stock guide.

Moving together with Bioatla Stock

0.78	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.77	VERA	Vera Therapeutics	Pair Corr
0.67	DSGN	Design Therapeutics	Pair Corr
0.64	VINC	Vincerx Pharma	Pair Corr
0.85	VKTX	Viking Therapeutics	Pair Corr
0.69	VRCA	Verrica Pharmaceuticals	Pair Corr
0.69	VTRS	Viatris	Pair Corr
0.79	VTYX	Ventyx Biosciences	Pair Corr

Moving against Bioatla Stock

0.63	VALN	Valneva SE ADR	Pair Corr
0.55	DMAC	DiaMedica Therapeutics	Pair Corr
0.36	VIGL	Vigil Neuroscience	Pair Corr
0.35	DVAX	Dynavax Technologies	Pair Corr
0.33	EQ	Equillium	Pair Corr
0.78	VRNA	Verona Pharma PLC	Pair Corr
0.5	VSTM	Verastem	Pair Corr
0.48	SRZNW	Surrozen Warrant	Pair Corr
0.46	VTGN	VistaGen Therapeutics	Pair Corr
0.38	EDSA	Edesa Biotech	Pair Corr

Related Correlations Analysis

	PMVP	CCCC	NAUT	IPSC	PASG	IKNA	OLMA	AVTE	ADAG	ACRV
PMVP		0.8	0.67	0.84	0.87	0.79	0.68	0.52	0.38	0.73	PMVP
CCCC	0.8		0.93	0.88	0.9	0.85	0.78	0.59	0.1	0.71	CCCC
NAUT	0.67	0.93		0.81	0.8	0.74	0.75	0.45	0.0	0.56	NAUT
IPSC	0.84	0.88	0.81		0.91	0.92	0.83	0.66	0.41	0.78	IPSC
PASG	0.87	0.9	0.8	0.91		0.89	0.74	0.67	0.31	0.71	PASG
IKNA	0.79	0.85	0.74	0.92	0.89		0.71	0.7	0.32	0.72	IKNA
OLMA	0.68	0.78	0.75	0.83	0.74	0.71		0.61	0.33	0.72	OLMA
AVTE	0.52	0.59	0.45	0.66	0.67	0.7	0.61		0.2	0.55	AVTE
ADAG	0.38	0.1	0.0	0.41	0.31	0.32	0.33	0.2		0.4	ADAG
ACRV	0.73	0.71	0.56	0.78	0.71	0.72	0.72	0.55	0.4		ACRV
	PMVP	CCCC	NAUT	IPSC	PASG	IKNA	OLMA	AVTE	ADAG	ACRV

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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

NAUT	+ 0.93	CCCC
IKNA	+ 0.92	IPSC
PASG	+ 0.91	IPSC
PASG	+ 0.9	CCCC
IKNA	+ 0.89	PASG
IPSC	+ 0.88	CCCC

High negative correlations

ADAG

- 0.0

NAUT

Risk-Adjusted Indicators

There is a big difference between Bioatla Stock performing well and Bioatla 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 Bioatla'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PMVP	1.82	(0.38)	0.62	4.41	(3.31)	16.42
CCCC	3.57	(0.73)	(0.38)	7.10	(8.28)	20.72
NAUT	2.97	(0.70)	(0.38)	5.70	(5.88)	25.68
IPSC	2.93	(1.06)	(0.73)	5.88	(7.48)	17.02
PASG	3.91	(0.73)	(0.58)	7.02	(8.96)	56.48
IKNA	2.00	(0.31)	(0.91)	4.65	(3.73)	16.13
OLMA	4.06	(0.77)	(0.40)	7.20	(9.31)	22.21
AVTE	1.31	(0.10)	(0.35)	2.07	(3.27)	10.45
ADAG	3.05	(0.14)	0.07	4.62	(8.25)	41.45
ACRV	4.18	0.01	(0.09)	10.17	(8.24)	30.57

Bioatla Corporate Management

Gerhard Frey	Senior Development	Profile
Cathy Chang	Senior Development	Profile
Christian CPA	Controller Officer	Profile
Sheri Lydick	Chief Officer	Profile
Philippe Martin	Chief Operations	Profile
Monica Sullivan	Senior Contracts	Profile
Christian Vasquez	Controller Officer	Profile

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