BioAffinity Technologies, Correlations

BIAF Stock

USD 0.29 0.01 3.57%

The current 90-days correlation between bioAffinity Technologies, and Intelligent Bio Solutions is 0.24 (i.e., Modest diversification). The correlation of BioAffinity Technologies, 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.

BioAffinity Technologies, Correlation With Market

Modest diversification

The correlation between bioAffinity Technologies, and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding bioAffinity Technologies, 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 bioAffinity Technologies,. 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 more detail on how to invest in BioAffinity Stock please use our How to Invest in BioAffinity Technologies, guide.

Moving together with BioAffinity Stock

0.88	CDIOW	Cardio Diagnostics	Pair Corr
0.71	ELVN	Enliven Therapeutics Downward Rally	Pair Corr
0.75	SCLX	Scilex Holding	Pair Corr
0.81	ASMB	Assembly Biosciences Earnings Call Today	Pair Corr
0.76	CDIO	Cardio Diagnostics	Pair Corr
0.65	CMND	Clearmind Medicine Common	Pair Corr
0.75	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.61	HD	Home Depot	Pair Corr
0.74	DIS	Walt Disney	Pair Corr
0.79	MSFT	Microsoft Aggressive Push	Pair Corr

Moving against BioAffinity Stock

0.67	LUCD	Lucid Diagnostics	Pair Corr
0.67	WM	Waste Management	Pair Corr
0.58	GE	GE Aerospace	Pair Corr
0.42	PLX	Protalix Biotherapeutics	Pair Corr
0.39	PG	Procter Gamble	Pair Corr
0.81	JNJ	Johnson Johnson	Pair Corr
0.74	T	ATT Inc Aggressive Push	Pair Corr
0.73	CVX	Chevron Corp	Pair Corr
0.69	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.68	MMM	3M Company	Pair Corr
0.46	IBM	International Business	Pair Corr
0.45	INTC	Intel Sell-off Trend	Pair Corr
0.37	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	IDXG	INBS	SQL	BIOC	TTOO	GENE	HTGM	GTH	PMD
IDXG		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	IDXG
INBS	0.0		0.0	0.0	-0.75	0.0	0.0	0.0	0.0	INBS
SQL	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SQL
BIOC	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	BIOC
TTOO	0.0	-0.75	0.0	0.0		0.0	0.0	0.0	0.0	TTOO
GENE	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	GENE
HTGM	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HTGM
GTH	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	GTH
PMD	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PMD
	IDXG	INBS	SQL	BIOC	TTOO	GENE	HTGM	GTH	PMD

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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

INBS	+ 0.0	IDXG
SQL	+ 0.0	IDXG
BIOC	+ 0.0	IDXG
TTOO	+ 0.0	IDXG
GENE	+ 0.0	IDXG
HTGM	+ 0.0	IDXG

High negative correlations

TTOO	- 0.75	INBS
PMD	- 0.0	GTH
PMD	- 0.0	HTGM
GTH	- 0.0	HTGM
PMD	- 0.0	GENE
GTH	- 0.0	GENE

Risk-Adjusted Indicators

There is a big difference between BioAffinity Stock performing well and BioAffinity Technologies, 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 BioAffinity Technologies,'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
IDXG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
INBS	4.25	0.55	0.09	0.44	5.69	(5.08)	11.39	(8.26)	40.17
SQL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BIOC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TTOO	8.95	(0.16)	0.00	0.29	0.00	0.00	17.14	(17.78)	130.00
GENE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HTGM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PMD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

BioAffinity Technologies, Corporate Management

Timothy JD	Secretary VP	Profile
Dallas Coleman	National Sales	Profile
William Bauta	Senior Therapeutics	Profile
Maria JD	President, Founder	Profile
Xavier MS	VP Operations	Profile

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