Braxia Scientific Correlations

BRAXF Stock

USD 0 0 33.33%

The correlation of Braxia Scientific 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.

Braxia Scientific Correlation With Market

Good diversification

The correlation between Braxia Scientific Corp and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Braxia Scientific Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Braxia Pink Sheet

0.44	KITTW	Nauticus Robotics	Pair Corr
0.37	REGN	Regeneron Pharmaceuticals	Pair Corr
0.34	QSAM	Qsam Biosciences	Pair Corr
0.34	SGEN	Seagen Inc	Pair Corr
0.31	NVO	Novo Nordisk AS	Pair Corr
0.63	MMV	MultiMetaVerse Holdings	Pair Corr
0.41	MEDS	Trxade Group Symbol Change	Pair Corr
0.36	OPTX	Syntec Optics Holdings Trending	Pair Corr

Related Correlations Analysis

	CYBN	ATAI	LIFE	MNMD	REUN	ONTTF	AGNPF	AWKNF	BIOAF	ATBPF
CYBN		0.51	-0.04	0.61	0.26	-0.54	0.03	0.6	0.0	0.0	CYBN
ATAI	0.51		0.12	0.79	0.66	-0.46	-0.25	0.41	0.0	0.0	ATAI
LIFE	-0.04	0.12		-0.14	-0.21	0.31	0.34	0.06	0.0	0.0	LIFE
MNMD	0.61	0.79	-0.14		0.75	-0.56	-0.34	0.48	0.0	0.0	MNMD
REUN	0.26	0.66	-0.21	0.75		-0.53	-0.46	0.32	0.0	0.0	REUN
ONTTF	-0.54	-0.46	0.31	-0.56	-0.53		0.23	-0.64	0.0	0.0	ONTTF
AGNPF	0.03	-0.25	0.34	-0.34	-0.46	0.23		0.14	0.0	0.0	AGNPF
AWKNF	0.6	0.41	0.06	0.48	0.32	-0.64	0.14		0.0	0.0	AWKNF
BIOAF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		1.0	BIOAF
ATBPF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.0		ATBPF
	CYBN	ATAI	LIFE	MNMD	REUN	ONTTF	AGNPF	AWKNF	BIOAF	ATBPF

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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

ATBPF	+ 1.0	BIOAF
MNMD	+ 0.79	ATAI
REUN	+ 0.75	MNMD
REUN	+ 0.66	ATAI
MNMD	+ 0.61	CYBN
AWKNF	+ 0.6	CYBN

High negative correlations

AWKNF	- 0.64	ONTTF
ONTTF	- 0.56	MNMD
ONTTF	- 0.54	CYBN
ONTTF	- 0.53	REUN
AGNPF	- 0.46	REUN
ONTTF	- 0.46	ATAI

Risk-Adjusted Indicators

There is a big difference between Braxia Pink Sheet performing well and Braxia Scientific 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 Braxia Scientific'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
CYBN	3.60	0.26	0.06	0.52	4.05	(4.12)	9.19	(7.40)	24.94
ATAI	4.09	(0.02)	0.01	0.02	4.24	(5.45)	11.01	(7.53)	28.12
LIFE	2.57	0.40	0.12	(1.52)	2.62	(3.23)	6.45	(5.29)	28.98
MNMD	3.59	0.23	0.07	0.11	3.80	(4.69)	9.76	(7.51)	24.75
REUN	3.08	0.84	0.17	(0.78)	3.24	(4.90)	2.99	(7.41)	59.74
ONTTF	4.05	(0.15)	0.00	(0.09)	0.00	0.00	12.03	(8.29)	25.17
AGNPF	6.87	(0.02)	0.00	0.00	7.79	(11.94)	16.58	(15.66)	55.53
AWKNF	6.14	0.53	0.04	(0.40)	7.30	(8.93)	18.00	(10.59)	43.08
BIOAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ATBPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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Our tools can tell you how much better you can do entering a position in Braxia Scientific 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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Braxia Scientific Corporate Management

Joshua Rosenblat	Chief Officer	Profile
Roger McIntyre	Chairman CEO	Profile
Stephen Brooks	Chief Officer	Profile
Peter Rizakos	G Counsel	Profile
Jason Wolkove	Chief Officer	Profile

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