BioForce Nanosciences Correlations
| BFNH Stock | USD 0.34 0.25 42.37% |
The correlation of BioForce Nanosciences 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.
BioForce Nanosciences Correlation With Market
Modest diversification
The correlation between BioForce Nanosciences Holdings 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 BioForce Nanosciences Holdings and DJI in the same portfolio, assuming nothing else is changed.
BioForce |
The ability to find closely correlated positions to BioForce Nanosciences could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BioForce Nanosciences when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BioForce Nanosciences - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BioForce Nanosciences Holdings to buy it.
Moving together with BioForce Pink Sheet
| 0.68 | GRBMF | Grupo Bimbo SAB | PairCorr |
| 0.68 | BMBOY | Grupo Bimbo SAB | PairCorr |
| 0.63 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.67 | PBCRF | PT Bank Central | PairCorr |
| 0.62 | GTI | Graphjet Technology Symbol Change | PairCorr |
Moving against BioForce Pink Sheet
| 0.75 | SATLW | Satellogic Warrant | PairCorr |
| 0.72 | KOD | Kodiak Sciences | PairCorr |
| 0.54 | FUN | Six Flags Entertainment | PairCorr |
| 0.51 | K | Kellanova Earnings Call Tomorrow | PairCorr |
| 0.45 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.8 | RGTI | Rigetti Computing Trending | PairCorr |
| 0.75 | CTM | Castellum Tech Boost | PairCorr |
| 0.75 | SOUN | SoundHound AI | PairCorr |
| 0.72 | KULR | KULR Technology Group Trending | PairCorr |
| 0.67 | NWL | Newell Brands | PairCorr |
| 0.67 | AAPL | Apple Inc | PairCorr |
| 0.64 | IONQ | IONQ Inc Downward Rally | PairCorr |
| 0.63 | VIASP | Via Renewables | PairCorr |
| 0.57 | VRNT | Verint Systems | PairCorr |
| 0.53 | NXU | Nxu Inc | PairCorr |
| 0.49 | TSM | Taiwan Semiconductor Fiscal Year End 16th of January 2025 | PairCorr |
| 0.48 | FMCB | Farmers Merchants Bancorp | PairCorr |
| 0.42 | SHOP | Shopify | PairCorr |
| 0.41 | HOUR | Hour Loop | PairCorr |
| 0.41 | YYGH | YY Group Holding | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between BioForce Pink Sheet performing well and BioForce Nanosciences 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 BioForce Nanosciences' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NHMD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| QEDN | 9.12 | (0.06) | 0.00 | (0.11) | 0.00 | 25.00 | 58.33 | |||
| BLEG | 6.26 | (0.97) | 0.00 | 0.71 | 0.00 | 20.00 | 82.86 | |||
| GHAV | 5.49 | 0.70 | 0.04 | (1.84) | 6.84 | 16.67 | 45.00 | |||
| RTON | 17.91 | 1.24 | 0.06 | 1.30 | 18.43 | 57.43 | 104.78 | |||
| YCRM | 9.61 | 2.17 | 0.09 | (0.64) | 10.18 | 38.89 | 170.45 | |||
| BTOG | 4.85 | (0.87) | 0.00 | (0.96) | 0.00 | 10.42 | 26.22 | |||
| BSFC | 8.97 | (1.12) | 0.00 | 0.38 | 0.00 | 25.00 | 100.60 | |||
| BTTR | 5.20 | 0.30 | 0.05 | 0.73 | 5.64 | 11.30 | 22.90 | |||
| SNAX | 3.91 | (1.22) | 0.00 | 0.99 | 0.00 | 6.41 | 38.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BioForce Nanosciences without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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BioForce Nanosciences Corporate Management
| Steven Gagnon | CoChief Officer | Profile | |
| Richard Kaiser | Corp CFO | Profile | |
| Aleksandr Shapiro | President | Profile | |
| John LaViolette | CoChief Officer | Profile |