BioXcel Therapeutics Correlations

BTAI Stock

USD 2.33 0.03 1.27%

The current 90-days correlation between BioXcel Therapeutics and Elevation Oncology is 0.11 (i.e., Average diversification). The correlation of BioXcel Therapeutics 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.

BioXcel Therapeutics Correlation With Market

Average diversification

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

For more detail on how to invest in BioXcel Stock please use our How to Invest in BioXcel Therapeutics guide.

Moving together with BioXcel Stock

0.66	CDIOW	Cardio Diagnostics	Pair Corr
0.71	ELVN	Enliven Therapeutics	Pair Corr
0.92	SCLX	Scilex Holding	Pair Corr
0.87	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.64	CDIO	Cardio Diagnostics	Pair Corr
0.65	CMND	Clearmind Medicine Common	Pair Corr
0.75	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.77	MSFT	Microsoft	Pair Corr
0.76	MRK	Merck Company	Pair Corr

Moving against BioXcel Stock

0.91	LUCD	Lucid Diagnostics	Pair Corr
0.9	WM	Waste Management	Pair Corr
0.76	GE	GE Aerospace	Pair Corr
0.57	PG	Procter Gamble	Pair Corr
0.54	PLX	Protalix Biotherapeutics	Pair Corr
0.89	T	ATT Inc Earnings Call Today	Pair Corr
0.87	JNJ	Johnson Johnson	Pair Corr
0.82	IBM	International Business	Pair Corr
0.74	CSCO	Cisco Systems	Pair Corr
0.7	MMM	3M Company	Pair Corr
0.66	INTC	Intel	Pair Corr
0.6	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.55	DD	Dupont De Nemours	Pair Corr
0.55	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	TERN	AMLX	ABOS	INZY	XFOR	DAWN	MRTX	APLS	EXEL	TGTX
TERN		0.65	0.94	0.93	0.85	0.74	0.0	0.94	-0.58	-0.48	TERN
AMLX	0.65		0.59	0.69	0.5	0.28	0.0	0.6	-0.39	0.17	AMLX
ABOS	0.94	0.59		0.87	0.84	0.79	0.0	0.94	-0.6	-0.52	ABOS
INZY	0.93	0.69	0.87		0.82	0.59	0.0	0.88	-0.47	-0.36	INZY
XFOR	0.85	0.5	0.84	0.82		0.81	0.0	0.88	-0.7	-0.53	XFOR
DAWN	0.74	0.28	0.79	0.59	0.81		0.0	0.83	-0.78	-0.72	DAWN
MRTX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MRTX
APLS	0.94	0.6	0.94	0.88	0.88	0.83	0.0		-0.69	-0.55	APLS
EXEL	-0.58	-0.39	-0.6	-0.47	-0.7	-0.78	0.0	-0.69		0.4	EXEL
TGTX	-0.48	0.17	-0.52	-0.36	-0.53	-0.72	0.0	-0.55	0.4		TGTX
	TERN	AMLX	ABOS	INZY	XFOR	DAWN	MRTX	APLS	EXEL	TGTX

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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

ABOS	+ 0.94	TERN
APLS	+ 0.94	TERN
APLS	+ 0.94	ABOS
INZY	+ 0.93	TERN
APLS	+ 0.88	INZY
APLS	+ 0.88	XFOR

High negative correlations

EXEL	- 0.78	DAWN
TGTX	- 0.72	DAWN
EXEL	- 0.7	XFOR
EXEL	- 0.69	APLS
EXEL	- 0.6	ABOS
EXEL	- 0.58	TERN

Risk-Adjusted Indicators

There is a big difference between BioXcel Stock performing well and BioXcel Therapeutics 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 BioXcel Therapeutics' 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
TERN	3.05	(0.92)	0.00	(1.16)	0.00	0.00	5.03	(6.98)	19.13
AMLX	3.64	0.00	0.00	(0.06)	0.00	0.00	7.20	(9.09)	21.45
ABOS	2.99	(0.64)	0.00	(0.59)	0.00	0.00	6.57	(7.09)	19.77
INZY	4.07	(1.42)	0.00	(0.89)	0.00	0.00	6.82	(9.17)	36.29
XFOR	6.27	(0.67)	0.00	(1.77)	0.00	0.00	10.87	(13.51)	68.45
DAWN	2.87	(0.52)	0.00	(0.64)	0.00	0.00	6.36	(6.67)	22.86
MRTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APLS	2.14	(0.37)	0.00	(0.43)	0.00	0.00	4.11	(4.33)	20.77
EXEL	1.64	0.13	0.06	0.25	2.55	(1.57)	4.41	(3.83)	14.29
TGTX	2.93	0.55	0.19	0.93	2.74	(3.72)	7.64	(4.98)	18.67

BioXcel Therapeutics Corporate Management

Javier JD	Chief VP	Profile
Frank Yocca	Chief Scientific Officer	Profile
Mary Coleman	VP Relations	Profile
Javier Rodriguez	Chief VP	Profile
Cedric Burg	VP Management	Profile
Robert Scala	Vice Planning	Profile

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