Basilea Pharmaceutica Correlations
| BSLN Stock | CHF 46.80 0.05 0.11% |
The current 90-days correlation between Basilea Pharmaceutica and Idorsia is 0.12 (i.e., Average diversification). The correlation of Basilea Pharmaceutica 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.
Basilea Pharmaceutica Correlation With Market
Significant diversification
The correlation between Basilea Pharmaceutica AG 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 Basilea Pharmaceutica AG and DJI in the same portfolio, assuming nothing else is changed.
Basilea |
The ability to find closely correlated positions to Basilea Pharmaceutica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Basilea Pharmaceutica 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 Basilea Pharmaceutica - 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 Basilea Pharmaceutica AG to buy it.
Moving together with Basilea Stock
Moving against Basilea Stock
| 0.79 | MOLN | Molecular Partners | PairCorr |
| 0.75 | RLF | Relief Therapeutics | PairCorr |
| 0.68 | BION | BB Biotech AG | PairCorr |
| 0.64 | XLS | Xlife Sciences AG | PairCorr |
| 0.33 | UBSG | UBS Group AG | PairCorr |
Related Correlations Analysis
| -0.18 | -0.16 | 0.73 | 0.31 | SANN | ||
| -0.18 | -0.57 | -0.2 | -0.5 | IDIA | ||
| -0.16 | -0.57 | -0.02 | 0.7 | MOLN | ||
| 0.73 | -0.2 | -0.02 | 0.16 | EVE | ||
| 0.31 | -0.5 | 0.7 | 0.16 | COPN | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Basilea Stock performing well and Basilea Pharmaceutica 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 Basilea Pharmaceutica'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SANN | 2.87 | 0.75 | 0.24 | 12.61 | 2.54 | 9.37 | 20.96 | |||
| IDIA | 5.15 | 0.25 | 0.02 | (0.27) | 9.49 | 15.87 | 53.57 | |||
| MOLN | 3.07 | (0.19) | 0.00 | 0.82 | 0.00 | 7.31 | 17.24 | |||
| EVE | 5.00 | 0.69 | 0.12 | (1.74) | 5.37 | 11.29 | 33.93 | |||
| COPN | 1.32 | (0.09) | 0.00 | (0.29) | 0.00 | 2.56 | 17.01 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Basilea Pharmaceutica 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.Did you try this?
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Basilea Pharmaceutica Corporate Management
Elected by the shareholders, the Basilea Pharmaceutica's board of directors comprises two types of representatives: Basilea Pharmaceutica inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Basilea. The board's role is to monitor Basilea Pharmaceutica's management team and ensure that shareholders' interests are well served. Basilea Pharmaceutica's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Basilea Pharmaceutica's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lutz Wevelsiep | Head Affairs | Profile | |
| Adesh Kaul | Chief Officer | Profile | |
| Damian Heller | Gen Sec | Profile | |
| Gerrit Hauck | Chief Officer | Profile | |
| David Veitch | Chief Officer | Profile | |
| Ursula Eberhardt | Head HR | Profile | |
| Marc MD | Chief Officer | Profile |