Biome Technologies Correlations

BIOM Stock

1.50 2.25 60.00%

The current 90-days correlation between Biome Technologies Plc and Veolia Environnement VE is -0.37 (i.e., Very good diversification). The correlation of Biome 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Biome Technologies Correlation With Market

Good diversification

The correlation between Biome Technologies Plc and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Biome Technologies Plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Biome Stock

0.71	0KCI	ONEOK Inc	Pair Corr
0.64	0KS2	Public Service Enterprise	Pair Corr
0.81	0R2O	Freeport McMoRan	Pair Corr
0.82	0IFX	Electronic Arts	Pair Corr

Moving against Biome Stock

0.8	0Q57	Sparebank 1 SR	Pair Corr
0.79	AMRQ	Amaroq Minerals	Pair Corr
0.78	0QPU	Valiant Holding AG	Pair Corr
0.75	AAZ	Anglo Asian Mining	Pair Corr
0.74	0GA3	Telecom Italia SpA	Pair Corr
0.73	0UMG	Universal Music Group Earnings Call Tomorrow	Pair Corr
0.66	BANK	Fiinu PLC	Pair Corr
0.66	MWE	MTI Wireless Edge	Pair Corr
0.65	SPT	Spirent Communications Earnings Call This Week	Pair Corr
0.63	0R29	Intuitive Surgical	Pair Corr
0.56	STJ	St Jamess Place Earnings Call This Week	Pair Corr
0.53	ICG	Intermediate Capital	Pair Corr
0.52	0OA9	Nolato AB ser	Pair Corr
0.5	TYT	Toyota Motor Corp	Pair Corr
0.5	0HAV	Agilent Technologies	Pair Corr
0.49	0RR8	Baker Hughes	Pair Corr
0.48	ELLA	Ecclesiastical Insurance	Pair Corr
0.45	0R15	SoftBank Group Corp	Pair Corr
0.4	FA17	Fair Oaks Income	Pair Corr
0.34	ANTO	Antofagasta PLC	Pair Corr
0.33	ATYM	Atalaya Mining	Pair Corr
0.88	0P6O	Volkswagen AG Non Earnings Call This Week	Pair Corr
0.84	0OP0	DMG Mori AG	Pair Corr
0.84	IAG	International Consolidated Earnings Call Tomorrow	Pair Corr
0.83	0HBC	Intesa Sanpaolo SpA	Pair Corr
0.82	HSBA	HSBC Holdings PLC	Pair Corr
0.82	LIV	Livermore Investments	Pair Corr
0.81	API	abrdn Property Income	Pair Corr
0.78	0RHN	AcadeMedia AB	Pair Corr

Related Correlations Analysis

	0NY8	ELLA	0RP8	0MGE	0N4T	0G67	0QP2
0NY8		0.02	-0.09	-0.05	0.17	-0.29	0.46	0NY8
ELLA	0.02		0.68	0.77	0.56	0.31	0.51	ELLA
0RP8	-0.09	0.68		0.85	0.84	0.71	0.45	0RP8
0MGE	-0.05	0.77	0.85		0.69	0.47	0.45	0MGE
0N4T	0.17	0.56	0.84	0.69		0.55	0.57	0N4T
0G67	-0.29	0.31	0.71	0.47	0.55		0.01	0G67
0QP2	0.46	0.51	0.45	0.45	0.57	0.01		0QP2
	0NY8	ELLA	0RP8	0MGE	0N4T	0G67	0QP2

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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

0MGE	+ 0.85	0RP8
0N4T	+ 0.84	0RP8
0MGE	+ 0.77	ELLA
0G67	+ 0.71	0RP8
0N4T	+ 0.69	0MGE
0RP8	+ 0.68	ELLA

High negative correlations

0G67	- 0.29	0NY8
0RP8	- 0.09	0NY8
0MGE	- 0.05	0NY8

Risk-Adjusted Indicators

There is a big difference between Biome Stock performing well and Biome 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 Biome Technologies' 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
0NY8	0.79	0.00	0.00	0.00	0.97	(0.88)	2.01	(1.80)	4.75
ELLA	0.57	0.00	0.00	0.01	0.96	(0.96)	1.89	(1.53)	7.61
0RP8	0.48	0.19	0.23	(0.61)	0.00	(1.18)	1.85	(0.58)	4.10
0MGE	1.06	0.27	0.13	0.54	1.69	(1.17)	2.98	(1.14)	11.47
0N4T	0.79	0.15	0.15	9.11	0.82	(0.86)	1.49	(1.42)	4.72
0G67	0.42	0.08	0.00	0.22	0.00	0.00	1.15	(0.45)	11.78
0QP2	0.72	0.12	0.11	0.67	0.84	(0.73)	1.44	(1.64)	5.16

Be your own money manager

Our tools can tell you how much better you can do entering a position in Biome Technologies 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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Biome Technologies Corporate Management

Elected by the shareholders, the Biome Technologies' board of directors comprises two types of representatives: Biome Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Biome. The board's role is to monitor Biome Technologies' management team and ensure that shareholders' interests are well served. Biome Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Biome Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Sally Morley	Managing Bioplastics	Profile
Stephen Baskerville	Managing Division	Profile
Donna SimpsonStrange	Company Secretary	Profile
Paul Elswood	Interim Officer	Profile

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