BIO Key Correlations

BKYI Stock

USD 1.06 0.05 4.95%

The current 90-days correlation between BIO Key International and LogicMark is 0.03 (i.e., Significant diversification). The correlation of BIO Key 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 Key Correlation With Market

Significant diversification

The correlation between BIO Key International and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BIO Key International 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 BIO Key International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with BIO Stock

0.76

IVDA

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Pair Corr

Moving against BIO Stock

0.4	FI	Fiserv,	Pair Corr
0.38	JG	Aurora Mobile	Pair Corr
0.36	QH	Quhuo	Pair Corr
0.34	ZS	Zscaler	Pair Corr
0.32	MQ	Marqeta	Pair Corr

Related Correlations Analysis

	LGMK	SECUF	ICTSF	SNT	BLPG	KSCP	GFAI	CXW	ADT
LGMK		0.76	0.46	-0.14	0.37	0.95	0.55	0.79	-0.76	LGMK
SECUF	0.76		0.54	-0.11	0.03	0.82	0.34	0.48	-0.73	SECUF
ICTSF	0.46	0.54		-0.15	-0.04	0.53	0.06	0.21	-0.39	ICTSF
SNT	-0.14	-0.11	-0.15		0.05	-0.03	0.1	-0.27	0.26	SNT
BLPG	0.37	0.03	-0.04	0.05		0.31	0.24	0.38	-0.15	BLPG
KSCP	0.95	0.82	0.53	-0.03	0.31		0.62	0.66	-0.75	KSCP
GFAI	0.55	0.34	0.06	0.1	0.24	0.62		0.55	-0.36	GFAI
CXW	0.79	0.48	0.21	-0.27	0.38	0.66	0.55		-0.62	CXW
ADT	-0.76	-0.73	-0.39	0.26	-0.15	-0.75	-0.36	-0.62		ADT
	LGMK	SECUF	ICTSF	SNT	BLPG	KSCP	GFAI	CXW	ADT

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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

KSCP	+ 0.95	LGMK
KSCP	+ 0.82	SECUF
CXW	+ 0.79	LGMK
SECUF	+ 0.76	LGMK
CXW	+ 0.66	KSCP
GFAI	+ 0.62	KSCP

High negative correlations

ADT	- 0.76	LGMK
ADT	- 0.75	KSCP
ADT	- 0.73	SECUF
ADT	- 0.62	CXW
ADT	- 0.39	ICTSF
ADT	- 0.36	GFAI

Risk-Adjusted Indicators

There is a big difference between BIO Stock performing well and BIO Key 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 Key'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
LGMK	5.35	(3.29)	0.00	(2.60)	0.00	0.00	5.88	(14.29)	59.82
SECUF	0.98	(0.15)	0.00	(0.38)	0.00	0.00	1.80	(2.78)	7.38
ICTSF	2.49	(0.05)	0.00	(0.14)	0.00	0.00	9.23	(8.55)	40.98
SNT	2.64	0.34	0.11	0.44	2.95	(2.94)	8.15	(5.08)	17.64
BLPG	6.22	0.41	0.03	0.26	8.29	(11.73)	20.20	(19.83)	54.08
KSCP	4.51	(1.44)	0.00	(0.68)	0.00	0.00	8.33	(9.92)	25.01
GFAI	7.29	0.59	0.06	0.37	8.15	(9.10)	14.00	(11.96)	81.22
CXW	1.91	(0.07)	0.00	(0.17)	0.00	0.00	4.19	(3.87)	10.44
ADT	1.35	0.20	0.10	0.14	1.78	(1.42)	2.59	(2.29)	14.05

BIO Key Corporate Management

Cecilia Welch	Chief Officer	Profile
Akintunde Jeje	Managing Africa	Profile
Alex Rocha	Managing EMEA	Profile
Mira LaCous	Chief Officer	Profile

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