Intelligent Bio Correlations

INBS Stock

USD 1.76 0.35 16.59%

The current 90-days correlation between Intelligent Bio Solutions and SLR Investment Corp is 0.28 (i.e., Modest diversification). The correlation of Intelligent 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Intelligent Bio Correlation With Market

Average diversification

The correlation between Intelligent Bio Solutions and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intelligent Bio Solutions and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intelligent Bio Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Intelligent Stock

0.74	HIMS	Hims Hers Health Aggressive Push	Pair Corr
0.9	LUCD	Lucid Diagnostics	Pair Corr
0.63	PAVM	PAVmed Inc	Pair Corr
0.66	OCX	OncoCyte Corp	Pair Corr
0.62	PLX	Protalix Biotherapeutics	Pair Corr
0.85	GOSS	Gossamer Bio	Pair Corr
0.68	NVCT	Nuvectis Pharma	Pair Corr

Moving against Intelligent Stock

0.86	HOLX	Hologic	Pair Corr
0.79	VINC	Vincerx Pharma Earnings Call Tomorrow	Pair Corr
0.73	SSKN	STRATA Skin Sciences	Pair Corr
0.71	GPCR	Structure Therapeutics	Pair Corr
0.61	CDIOW	Cardio Diagnostics	Pair Corr
0.52	ELVN	Enliven Therapeutics Downward Rally	Pair Corr
0.47	INFU	InfuSystems Holdings	Pair Corr
0.43	ELEV	Elevation Oncology	Pair Corr
0.36	OCEAW	Ocean Biomedical	Pair Corr
0.8	ZURA	Zura Bio Limited	Pair Corr
0.8	PYXS	Pyxis Oncology	Pair Corr
0.8	SCLX	Scilex Holding	Pair Corr
0.78	ASMB	Assembly Biosciences Earnings Call Today	Pair Corr
0.73	MLTX	MoonLake Immunotherapeuti	Pair Corr
0.7	IMMX	Immix Biopharma	Pair Corr
0.68	IMRX	Immuneering Corp	Pair Corr
0.66	ATNF	180 Life Sciences	Pair Corr
0.62	AVTE	Aerovate Therapeutics	Pair Corr
0.55	PMVP	Pmv Pharmaceuticals	Pair Corr
0.53	PHIO	Phio Pharmaceuticals Corp Earnings Call This Week	Pair Corr
0.47	ZVSA	ZyVersa Therapeutics	Pair Corr
0.38	INBX	Inhibrx Symbol Change	Pair Corr
0.35	RAIN	Rain Enhancement Tec	Pair Corr

Related Correlations Analysis

	SLRC	CCU	WVVIP	AMP	BUD	PFX	DEO	GFL
SLRC		0.78	-0.37	-0.32	0.7	0.65	-0.84	0.56	SLRC
CCU	0.78		-0.58	-0.72	0.95	0.87	-0.73	0.74	CCU
WVVIP	-0.37	-0.58		0.59	-0.61	-0.52	0.32	-0.37	WVVIP
AMP	-0.32	-0.72	0.59		-0.76	-0.74	0.4	-0.65	AMP
BUD	0.7	0.95	-0.61	-0.76		0.91	-0.57	0.72	BUD
PFX	0.65	0.87	-0.52	-0.74	0.91		-0.52	0.57	PFX
DEO	-0.84	-0.73	0.32	0.4	-0.57	-0.52		-0.57	DEO
GFL	0.56	0.74	-0.37	-0.65	0.72	0.57	-0.57		GFL
	SLRC	CCU	WVVIP	AMP	BUD	PFX	DEO	GFL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BUD	+ 0.95	CCU
PFX	+ 0.91	BUD
PFX	+ 0.87	CCU
CCU	+ 0.78	SLRC
GFL	+ 0.74	CCU
GFL	+ 0.72	BUD

High negative correlations

DEO	- 0.84	SLRC
BUD	- 0.76	AMP
PFX	- 0.74	AMP
DEO	- 0.73	CCU
AMP	- 0.72	CCU
GFL	- 0.65	AMP

Risk-Adjusted Indicators

There is a big difference between Intelligent Stock performing well and Intelligent 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 Intelligent 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
SLRC	0.66	0.13	0.13	0.28	0.77	(0.78)	1.46	(1.02)	4.90
CCU	1.03	0.47	0.32	2.60	0.85	(1.21)	2.38	(1.67)	8.78
WVVIP	1.54	0.01	0.00	(0.05)	2.05	(1.77)	3.82	(3.83)	10.52
AMP	1.25	(0.09)	0.00	(0.06)	0.00	0.00	2.19	(3.64)	8.79
BUD	1.04	0.27	0.16	0.97	1.31	(1.13)	2.29	(1.99)	9.20
PFX	1.06	0.20	0.17	(0.62)	0.85	(1.41)	3.38	(1.94)	5.78
DEO	1.34	(0.28)	0.00	(0.67)	0.00	0.00	2.79	(2.53)	8.99
GFL	1.12	0.13	0.10	0.32	1.22	(1.22)	2.97	(2.05)	7.38

Intelligent Bio Corporate Management

BBus CA	Chief Officer	Profile
Alex Arzeno	VP Relations	Profile
Victoria Gavrilenko	Operations Manager	Profile
Anna Turkington	Vice Marketing	Profile
Callistus Sequeira	Vice Operations	Profile
Doug Heath	Vice Sales	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC