Belite Bio Correlations

BLTE Stock

USD 67.73 0.04 0.06%

The current 90-days correlation between Belite Bio ADR and Mineralys Therapeutics, Common is 0.25 (i.e., Modest diversification). The correlation of Belite Bio 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.

Belite Bio Correlation With Market

Good diversification

The correlation between Belite Bio ADR and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Belite Bio ADR 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 Belite Bio ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving against Belite Stock

0.78	VOR	Vor Biopharma	Pair Corr
0.66	OPT	Opthea	Pair Corr
0.6	ELMD	Electromed	Pair Corr
0.5	RGEN	Repligen Potential Growth	Pair Corr
0.5	GKOS	Glaukos Corp	Pair Corr
0.44	SNDL	SNDL Inc	Pair Corr
0.42	MOLN	Molecular Partners	Pair Corr
0.36	IPA	Immunoprecise Antibodies	Pair Corr
0.66	INGN	Inogen Inc	Pair Corr
0.64	NPCE	Neuropace	Pair Corr
0.49	ITGR	Integer Holdings Corp	Pair Corr
0.45	NYXH	Nyxoah	Pair Corr
0.39	OTRK	Ontrak Inc	Pair Corr
0.36	LIVN	LivaNova PLC	Pair Corr
0.34	MASI	Masimo	Pair Corr
0.68	HYMTF	Hyundai Motor	Pair Corr
0.66	RKV	Rakovina Therapeutics	Pair Corr
0.59	TMCI	Treace Medical Concepts	Pair Corr
0.39	KB	KB Financial Group	Pair Corr
0.38	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.36	CCLDP	CareCloud	Pair Corr

Related Correlations Analysis

	ANEB	MLYS	ANTX	AVTE	ADAG	LRMR	IMRX	CNTA	CELC	IKNA
ANEB		0.36	0.33	0.41	-0.54	0.0	0.49	0.08	0.39	0.26	ANEB
MLYS	0.36		0.8	0.33	0.06	-0.05	-0.01	0.27	-0.03	-0.13	MLYS
ANTX	0.33	0.8		0.49	0.24	0.26	0.18	0.05	-0.06	0.05	ANTX
AVTE	0.41	0.33	0.49		0.12	0.51	0.67	0.27	0.49	0.57	AVTE
ADAG	-0.54	0.06	0.24	0.12		0.33	-0.19	-0.16	-0.18	-0.05	ADAG
LRMR	0.0	-0.05	0.26	0.51	0.33		0.36	0.23	0.3	0.23	LRMR
IMRX	0.49	-0.01	0.18	0.67	-0.19	0.36		0.16	0.73	0.85	IMRX
CNTA	0.08	0.27	0.05	0.27	-0.16	0.23	0.16		0.42	0.1	CNTA
CELC	0.39	-0.03	-0.06	0.49	-0.18	0.3	0.73	0.42		0.72	CELC
IKNA	0.26	-0.13	0.05	0.57	-0.05	0.23	0.85	0.1	0.72		IKNA
	ANEB	MLYS	ANTX	AVTE	ADAG	LRMR	IMRX	CNTA	CELC	IKNA

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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

IKNA	+ 0.85	IMRX
ANTX	+ 0.8	MLYS
CELC	+ 0.73	IMRX
IKNA	+ 0.72	CELC
IMRX	+ 0.67	AVTE
IKNA	+ 0.57	AVTE

High negative correlations

ADAG	- 0.54	ANEB
IMRX	- 0.19	ADAG
CELC	- 0.18	ADAG
CNTA	- 0.16	ADAG
IKNA	- 0.13	MLYS
CELC	- 0.06	ANTX

Risk-Adjusted Indicators

There is a big difference between Belite Stock performing well and Belite Bio 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 Belite Bio'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
ANEB	5.50	0.93	0.16	0.56	4.79	(7.81)	19.58	(9.76)	40.87
MLYS	4.32	0.58	0.16	(0.42)	4.22	(5.10)	10.04	(8.23)	50.53
ANTX	2.41	0.06	0.03	0.03	2.54	(2.98)	5.41	(4.07)	17.09
AVTE	1.29	(0.01)	0.00	(0.09)	0.00	0.00	2.07	(3.27)	10.45
ADAG	2.47	(0.28)	0.00	0.23	0.00	0.00	4.04	(5.34)	18.68
LRMR	3.79	(1.03)	0.00	(0.48)	0.00	0.00	6.61	(7.99)	22.70
IMRX	2.74	(0.40)	0.00	(2.51)	0.00	0.00	4.95	(4.52)	22.13
CNTA	3.04	0.01	0.02	0.03	3.40	(3.25)	6.30	(5.83)	15.09
CELC	3.20	(0.20)	0.00	2.48	0.00	0.00	6.28	(7.81)	21.63
IKNA	1.82	(0.42)	0.00	0.85	0.00	0.00	3.90	(3.38)	8.93

Belite Bio Corporate Management

ChingChen MSc	VP Operations	Profile
YuHsin MBA	Chairman CEO	Profile
CFA FRM	CFO Director	Profile
MA MD	Chief Board	Profile
Nathan Mata	Chief Officer	Profile

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