Biodexa Pharmaceticals Correlations

BDRX Stock

1.75 0.02 1.13%

The current 90-days correlation between Biodexa Pharmaceticals and Torm PLC Class is 0.21 (i.e., Modest diversification). The correlation of Biodexa Pharmaceticals 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.

Biodexa Pharmaceticals Correlation With Market

Modest diversification

The correlation between Biodexa Pharmaceticals and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Biodexa Pharmaceticals 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 Biodexa Pharmaceticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Biodexa Stock please use our How to Invest in Biodexa Pharmaceticals guide.

Moving together with Biodexa Stock

0.73	CDIOW	Cardio Diagnostics	Pair Corr
0.66	SCLX	Scilex Holding	Pair Corr
0.73	ASMB	Assembly Biosciences Earnings Call Tomorrow	Pair Corr
0.78	CMND	Clearmind Medicine Common	Pair Corr
0.64	WMT	Walmart	Pair Corr
0.66	CAT	Caterpillar	Pair Corr
0.86	HD	Home Depot	Pair Corr
0.8	DIS	Walt Disney	Pair Corr
0.73	MSFT	Microsoft Aggressive Push	Pair Corr

Moving against Biodexa Stock

0.57	LUCD	Lucid Diagnostics	Pair Corr
0.47	WM	Waste Management	Pair Corr
0.39	PG	Procter Gamble	Pair Corr
0.72	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.64	T	ATT Inc Sell-off Trend	Pair Corr
0.57	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.47	CVX	Chevron Corp	Pair Corr
0.45	INTC	Intel Sell-off Trend	Pair Corr
0.36	MMM	3M Company	Pair Corr
0.32	IBM	International Business	Pair Corr

Related Correlations Analysis

	TRMD	TSE	SXT	CF	HAFN	NL	APD
TRMD		-0.21	-0.03	0.62	0.72	0.16	0.04	TRMD
TSE	-0.21		-0.31	-0.17	0.19	-0.11	-0.21	TSE
SXT	-0.03	-0.31		0.19	0.03	0.35	0.42	SXT
CF	0.62	-0.17	0.19		0.78	0.33	0.35	CF
HAFN	0.72	0.19	0.03	0.78		0.23	0.07	HAFN
NL	0.16	-0.11	0.35	0.33	0.23		-0.23	NL
APD	0.04	-0.21	0.42	0.35	0.07	-0.23		APD
	TRMD	TSE	SXT	CF	HAFN	NL	APD

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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

HAFN	+ 0.78	CF
HAFN	+ 0.72	TRMD
CF	+ 0.62	TRMD
APD	+ 0.42	SXT
NL	+ 0.35	SXT
APD	+ 0.35	CF

High negative correlations

SXT	- 0.31	TSE
APD	- 0.23	NL
APD	- 0.21	TSE
TSE	- 0.21	TRMD
CF	- 0.17	TSE
NL	- 0.11	TSE

Risk-Adjusted Indicators

There is a big difference between Biodexa Stock performing well and Biodexa Pharmaceticals 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 Biodexa Pharmaceticals' 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
TRMD	2.33	0.13	0.05	0.50	2.74	(2.45)	5.73	(4.80)	18.19
TSE	4.08	(0.31)	0.00	(0.89)	0.00	0.00	6.86	(7.58)	37.05
SXT	1.21	(0.03)	0.00	(0.08)	0.00	0.00	2.33	(2.24)	11.22
CF	1.62	(0.13)	0.00	(0.22)	0.00	0.00	2.51	(4.59)	15.08
HAFN	2.26	(0.25)	0.00	(1.24)	0.00	0.00	4.47	(5.27)	21.41
NL	2.23	0.02	0.00	(0.02)	0.00	0.00	5.56	(4.16)	13.99
APD	1.11	(0.03)	0.00	(0.08)	0.00	0.00	2.38	(1.85)	8.35

Biodexa Pharmaceticals Corporate Management

Nicola Tuckwell	VP Operations	Profile
Dmitry MD	Chief Officer	Profile
Daniel MBA	Vice Technology	Profile
Fiona Sharp	Group Controller	Profile
Steve Ellul	Chief Officer	Profile
CPI FACOG	Chief Officer	Profile

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