Bioceres Crop Correlations

BIOX Stock

USD 4.18 0.09 2.20%

The current 90-days correlation between Bioceres Crop Solutions and Intrepid Potash is 0.25 (i.e., Modest diversification). The correlation of Bioceres Crop 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.

Bioceres Crop Correlation With Market

Significant diversification

The correlation between Bioceres Crop Solutions and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bioceres Crop Solutions 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 Bioceres Crop Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Bioceres Stock

0.88	CF	CF Industries Holdings	Pair Corr
0.85	FMC	FMC Corporation	Pair Corr
0.9	SMG	Scotts Miracle Gro	Pair Corr
0.83	BHIL	Benson Hill, Common	Pair Corr
0.67	AA	Alcoa Corp	Pair Corr
0.82	CC	Chemours	Pair Corr
0.87	CE	Celanese	Pair Corr
0.83	EU	enCore Energy Corp	Pair Corr
0.91	FF	FutureFuel Corp	Pair Corr
0.7	NX	Quanex Building Products	Pair Corr
0.76	OC	Owens Corning	Pair Corr

Moving against Bioceres Stock

0.86	DC	Dakota Gold Corp	Pair Corr
0.67	AU	AngloGold Ashanti plc	Pair Corr
0.62	CX	Cemex SAB de Buyout Trend	Pair Corr
0.61	X	United States Steel Buyout Trend	Pair Corr
0.54	ICL	ICL Israel Chemicals	Pair Corr
0.52	DD	Dupont De Nemours	Pair Corr
0.32	AG	First Majestic Silver	Pair Corr
0.83	MT	ArcelorMittal SA ADR	Pair Corr
0.79	VALE	Vale SA ADR	Pair Corr
0.65	MP	MP Materials Corp	Pair Corr
0.64	HYMCL	Hycroft Mining Holding	Pair Corr
0.57	NC	NACCO Industries	Pair Corr
0.57	VOXR	Vox Royalty Corp	Pair Corr
0.48	TX	Ternium SA ADR	Pair Corr
0.44	VZLA	Vizsla Resources Corp	Pair Corr
0.4	NB	NioCorp Developments	Pair Corr
0.35	OR	Osisko Gold Ro	Pair Corr
0.35	RS	Reliance Steel Aluminum	Pair Corr
0.33	WLKP	Westlake Chemical	Pair Corr

Related Correlations Analysis

	IPI	CTA-PB	FMC	BHIL	CF	MOS	AVD	UAN	ICL	CTVA
IPI		0.6	-0.07	-0.54	-0.08	0.75	0.35	0.59	0.79	0.75	IPI
CTA-PB	0.6		-0.55	-0.74	-0.56	0.15	0.09	0.2	0.78	0.46	CTA-PB
FMC	-0.07	-0.55		0.68	0.76	0.27	0.12	0.3	-0.45	-0.08	FMC
BHIL	-0.54	-0.74	0.68		0.7	-0.05	0.16	0.06	-0.67	-0.26	BHIL
CF	-0.08	-0.56	0.76	0.7		0.39	0.4	0.56	-0.34	0.12	CF
MOS	0.75	0.15	0.27	-0.05	0.39		0.65	0.76	0.48	0.74	MOS
AVD	0.35	0.09	0.12	0.16	0.4	0.65		0.72	0.46	0.81	AVD
UAN	0.59	0.2	0.3	0.06	0.56	0.76	0.72		0.5	0.77	UAN
ICL	0.79	0.78	-0.45	-0.67	-0.34	0.48	0.46	0.5		0.78	ICL
CTVA	0.75	0.46	-0.08	-0.26	0.12	0.74	0.81	0.77	0.78		CTVA
	IPI	CTA-PB	FMC	BHIL	CF	MOS	AVD	UAN	ICL	CTVA

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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

CTVA	+ 0.81	AVD
ICL	+ 0.79	IPI
ICL	+ 0.78	CTA-PB
CTVA	+ 0.78	ICL
CTVA	+ 0.77	UAN
CF	+ 0.76	FMC

High negative correlations

BHIL	- 0.74	CTA-PB
ICL	- 0.67	BHIL
CF	- 0.56	CTA-PB
FMC	- 0.55	CTA-PB
BHIL	- 0.54	IPI
ICL	- 0.45	FMC

Risk-Adjusted Indicators

There is a big difference between Bioceres Stock performing well and Bioceres Crop 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 Bioceres Crop'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
IPI	2.24	0.42	0.16	0.27	2.32	(2.54)	6.96	(3.69)	16.60
CTA-PB	0.53	0.05	0.10	0.13	0.64	(0.60)	1.24	(1.00)	5.85
FMC	2.09	(0.19)	0.00	(3.26)	0.00	0.00	3.85	(3.69)	38.47
BHIL	8.94	(1.25)	0.00	(0.45)	0.00	0.00	19.50	(17.07)	160.98
CF	1.62	(0.13)	0.00	(0.22)	0.00	0.00	2.51	(4.59)	15.08
MOS	1.83	0.16	0.08	0.18	1.99	(2.09)	3.59	(3.22)	12.77
AVD	2.79	(0.09)	0.00	(0.12)	0.00	0.00	6.77	(5.74)	15.45
UAN	1.09	0.07	0.06	0.07	1.36	(1.08)	1.97	(1.80)	9.48
ICL	1.65	0.24	0.13	0.78	1.87	(1.94)	4.25	(2.82)	13.06
CTVA	1.13	0.11	0.09	0.12	1.27	(1.33)	2.34	(2.29)	8.81

Bioceres Crop Corporate Management

Alex Garcia	Managing Seeds	Profile
Enrique Lecube	CFO Director	Profile
Ricardo Yapur	Managing Officer	Profile
Milen Marinov	Chief Officer	Profile
Matti Tiainen	Managing Europe	Profile
Jorge Wagner	Chief Officer	Profile

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