Bio Meat Correlations

BIMT Stock

24.10 2.30 8.71%

The current 90-days correlation between Bio Meat Foodtech and Suny Cellular Communication is 0.07 (i.e., Significant diversification). The correlation of Bio Meat 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.

Bio Meat Correlation With Market

Average diversification

The correlation between Bio Meat Foodtech and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bio Meat Foodtech and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Bio Meat could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bio Meat 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 Bio Meat - 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 Bio Meat Foodtech to buy it.

Moving together with Bio Stock

0.69	GNRS	Generation Capital	Pair Corr
0.76	MTDS	Meitav Dash Investments	Pair Corr
0.72	ANLT	Analyst IMS Investment	Pair Corr
0.7	HRON	Hiron Trade Investments	Pair Corr
0.79	MGDL	Migdal Insurance	Pair Corr
0.73	PTCH	Petrochemical	Pair Corr
0.74	ABRA	Abra Information Tec	Pair Corr

Moving against Bio Stock

0.5

ALTF

Altshuler Shaham Fin

Pair Corr

Related Correlations Analysis

	UNCT	BCOM	SNCM	MGIC	SARN	CMDR	NRGN	BVC
UNCT		-0.06	-0.01	-0.2	0.3	-0.37	0.4	-0.04	UNCT
BCOM	-0.06		0.83	0.82	-0.55	0.61	0.25	-0.65	BCOM
SNCM	-0.01	0.83		0.77	-0.69	0.73	-0.03	-0.72	SNCM
MGIC	-0.2	0.82	0.77		-0.53	0.55	0.04	-0.64	MGIC
SARN	0.3	-0.55	-0.69	-0.53		-0.84	0.36	0.47	SARN
CMDR	-0.37	0.61	0.73	0.55	-0.84		-0.35	-0.57	CMDR
NRGN	0.4	0.25	-0.03	0.04	0.36	-0.35		-0.06	NRGN
BVC	-0.04	-0.65	-0.72	-0.64	0.47	-0.57	-0.06		BVC
	UNCT	BCOM	SNCM	MGIC	SARN	CMDR	NRGN	BVC

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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

SNCM	+ 0.83	BCOM
MGIC	+ 0.82	BCOM
MGIC	+ 0.77	SNCM
CMDR	+ 0.73	SNCM
CMDR	+ 0.61	BCOM
CMDR	+ 0.55	MGIC

High negative correlations

CMDR	- 0.84	SARN
BVC	- 0.72	SNCM
SARN	- 0.69	SNCM
BVC	- 0.65	BCOM
BVC	- 0.64	MGIC
BVC	- 0.57	CMDR

Risk-Adjusted Indicators

There is a big difference between Bio Stock performing well and Bio Meat 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 Bio Meat'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
UNCT	1.71	(0.04)	0.00	1.41	0.00	0.00	3.95	(4.21)	12.94
BCOM	1.93	0.63	0.35	(5.50)	1.38	(2.48)	4.82	(3.10)	17.68
SNCM	1.86	0.42	0.22	(0.83)	1.61	(2.38)	4.00	(3.06)	13.17
MGIC	1.69	0.12	0.06	(0.41)	1.74	(1.93)	3.71	(3.13)	10.56
SARN	1.57	(0.11)	0.00	6.18	0.00	0.00	4.44	(2.74)	11.07
CMDR	1.56	0.45	0.27	(2.18)	1.10	(1.84)	4.13	(2.56)	9.61
NRGN	2.57	0.12	0.03	0.10	2.76	(4.17)	8.69	(5.26)	22.68
BVC	1.34	(0.17)	0.00	0.91	0.00	0.00	2.59	(3.29)	10.34

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bio Meat 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.

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