Bone Biologics Correlations

BBLG Stock

USD 2.86 0.06 2.05%

The current 90-days correlation between Bone Biologics Corp and Tivic Health Systems is 0.04 (i.e., Significant diversification). The correlation of Bone Biologics 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.

Bone Biologics Correlation With Market

Significant diversification

The correlation between Bone Biologics Corp and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bone Biologics Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bone Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bone Biologics Corp. 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 economic analysis.

Moving together with Bone Stock

0.76	EHAB	Enhabit	Pair Corr
0.62	MLSS	Milestone Scientific	Pair Corr

Moving against Bone Stock

0.69	ECOR	Electrocore LLC	Pair Corr
0.57	VSEE	VSee Health,	Pair Corr
0.52	DOCS	Doximity	Pair Corr
0.78	VVOS	Vivos Therapeutics	Pair Corr
0.43	MDAI	Spectral AI	Pair Corr
0.37	FIGS	Figs Inc	Pair Corr
0.35	ICCM	Icecure Medical	Pair Corr
0.71	NDRA	ENDRA Life Sciences	Pair Corr
0.62	MGRM	Monogram Orthopaedics Trending	Pair Corr

Related Correlations Analysis

	TIVC	TLIS	BJDX	HSCS	NUWE	NTRB	IMMX	KTTA	BFRI
TIVC		0.0	-0.07	-0.23	0.37	-0.4	-0.35	0.65	0.36	TIVC
TLIS	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	TLIS
BJDX	-0.07	0.0		-0.32	0.43	-0.46	-0.46	0.4	0.1	BJDX
HSCS	-0.23	0.0	-0.32		-0.49	0.47	0.61	-0.55	0.07	HSCS
NUWE	0.37	0.0	0.43	-0.49		-0.84	-0.7	0.7	0.04	NUWE
NTRB	-0.4	0.0	-0.46	0.47	-0.84		0.76	-0.66	-0.2	NTRB
IMMX	-0.35	0.0	-0.46	0.61	-0.7	0.76		-0.69	0.0	IMMX
KTTA	0.65	0.0	0.4	-0.55	0.7	-0.66	-0.69		0.32	KTTA
BFRI	0.36	0.0	0.1	0.07	0.04	-0.2	0.0	0.32		BFRI
	TIVC	TLIS	BJDX	HSCS	NUWE	NTRB	IMMX	KTTA	BFRI

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

IMMX	+ 0.76	NTRB
KTTA	+ 0.7	NUWE
KTTA	+ 0.65	TIVC
IMMX	+ 0.61	HSCS
NTRB	+ 0.47	HSCS
NUWE	+ 0.43	BJDX

High negative correlations

NTRB	- 0.84	NUWE
IMMX	- 0.7	NUWE
KTTA	- 0.69	IMMX
KTTA	- 0.66	NTRB
KTTA	- 0.55	HSCS
NUWE	- 0.49	HSCS

Risk-Adjusted Indicators

There is a big difference between Bone Stock performing well and Bone Biologics 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 Bone Biologics' 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
TIVC	4.80	(0.20)	0.06	0.10	5.70	(6.62)	7.36	(5.54)	132.46
TLIS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BJDX	4.27	(0.66)	0.00	(0.15)	0.00	0.00	8.38	(10.41)	59.58
HSCS	4.97	0.18	0.05	0.21	6.45	(5.75)	8.17	(8.51)	58.52
NUWE	8.67	(0.22)	(0.01)	0.00	11.26	(11.01)	11.11	(14.84)	132.35
NTRB	4.10	0.83	0.16	0.93	4.07	(4.73)	9.77	(7.56)	48.20
IMMX	4.19	0.90	0.15	0.83	5.33	(4.90)	10.05	(6.28)	34.23
KTTA	3.96	(0.58)	0.00	(30.19)	0.00	0.00	7.69	(10.42)	37.52
BFRI	3.63	0.16	0.03	0.32	4.04	(4.55)	7.50	(6.15)	22.98

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

2025 Macroaxis LLC