Bio Meat Correlations

BIMT Stock

20.20 0.20 1.00%

The current 90-days correlation between Bio Meat Foodtech and Rapac Communication Infrastructure is -0.02 (i.e., Good diversification). The correlation of Bio Meat 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.

Bio Meat Correlation With Market

Significant diversification

The correlation between Bio Meat Foodtech and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bio Meat Foodtech and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Bio Stock

0.78	MISH	Mivtach Shamir	Pair Corr
0.75	MIFT	Millennium Food Tech	Pair Corr
0.71	ALTF	Altshuler Shaham Fin	Pair Corr
0.7	EMDV	Emilia Devel	Pair Corr
0.69	MSLA	Maslavi	Pair Corr
0.68	GNRS	Generation Capital	Pair Corr
0.67	MTDS	Meitav Dash Investments	Pair Corr
0.67	PERI	Perion Network	Pair Corr
0.65	ANLT	Analyst IMS Investment	Pair Corr
0.64	MPP	More Provident Funds	Pair Corr
0.64	MRIN	YD More Investments	Pair Corr
0.62	POLP	Polyram Plastic Indu	Pair Corr
0.6	IBI	IBI Inv House	Pair Corr
0.58	MVNE	Mivne Real Estate	Pair Corr
0.57	DLTI	Delta Israel Brands	Pair Corr
0.52	GOLD	Gold Bond	Pair Corr
0.46	LBTL	Libental	Pair Corr
0.44	LEVI	Levinstein Eng	Pair Corr
0.37	EVGN	Evogene	Pair Corr
0.31	EPIT	Epitomee Medical	Pair Corr

Related Correlations Analysis

	RPAC	MNIF	MTAV	HRON	GODM	AMOT	MRIN
RPAC		0.94	0.86	0.89	-0.36	0.84	0.84	RPAC
MNIF	0.94		0.9	0.89	-0.47	0.85	0.84	MNIF
MTAV	0.86	0.9		0.89	-0.57	0.94	0.98	MTAV
HRON	0.89	0.89	0.89		-0.44	0.88	0.89	HRON
GODM	-0.36	-0.47	-0.57	-0.44		-0.47	-0.59	GODM
AMOT	0.84	0.85	0.94	0.88	-0.47		0.94	AMOT
MRIN	0.84	0.84	0.98	0.89	-0.59	0.94		MRIN
	RPAC	MNIF	MTAV	HRON	GODM	AMOT	MRIN

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

MRIN	+ 0.98	MTAV
MNIF	+ 0.94	RPAC
AMOT	+ 0.94	MTAV
MRIN	+ 0.94	AMOT
MTAV	+ 0.9	MNIF
HRON	+ 0.89	RPAC

High negative correlations

MRIN	- 0.59	GODM
GODM	- 0.57	MTAV
AMOT	- 0.47	GODM
GODM	- 0.47	MNIF
GODM	- 0.44	HRON
GODM	- 0.36	RPAC

Risk-Adjusted Indicators

There is a big difference between Bio Stock performing well and Bio Meat 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 Bio Meat'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
RPAC	1.52	0.44	0.18	1.52	1.63	(1.76)	3.64	(3.38)	8.13
MNIF	2.09	0.52	0.14	26.98	2.29	(2.31)	4.74	(4.51)	12.29
MTAV	2.11	0.96	0.32	20.99	2.07	(2.63)	4.75	(4.18)	11.32
HRON	1.43	0.29	0.06	1.14	1.48	(2.43)	4.86	(3.88)	13.79
GODM	3.58	(0.23)	0.00	0.41	0.00	0.00	7.11	(6.44)	41.47
AMOT	1.40	0.43	0.20	(3.60)	1.11	(1.77)	3.80	(1.97)	10.38
MRIN	2.46	1.16	0.41	2.12	1.83	(2.96)	5.76	(4.18)	10.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bio Meat 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?

Run Transaction History Now

Transaction History

View history of all your transactions and understand their impact on performance

All Next

Launch Module

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