BioLife Solutions Correlations

BLFS Stock

USD 24.01 0.06 0.25%

The correlation of BioLife Solutions 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.

BioLife Solutions Correlation With Market

Good diversification

The correlation between BioLife Solutions and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BioLife Solutions and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BioLife Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BioLife 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 price.

For more information on how to buy BioLife Stock please use our How to Invest in BioLife Solutions guide.

Moving against BioLife Stock

0.49	VNRX	Volitionrx	Pair Corr
0.42	DYNT	Dynatronics	Pair Corr
0.41	600055	Beijing Wandong Medical	Pair Corr
0.33	300061	QITIAN Technology	Pair Corr
0.61	002382	Blue Sail Medical	Pair Corr
0.51	300453	Jiangxi Sanxin Medtec	Pair Corr
0.47	VVOS	Vivos Therapeutics	Pair Corr
0.31	POLX	Polarean Imaging Plc	Pair Corr
0.61	605186	Shanghai General Healthy	Pair Corr
0.57	ABT	Abbott Laboratories Sell-off Trend	Pair Corr
0.56	688198	Beijing Balance Medical	Pair Corr
0.53	688317	Shanghai ZJ Bio	Pair Corr
0.49	601089	Beijing Winsunny Pha	Pair Corr
0.48	688338	Beijing Succeeder	Pair Corr

Related Correlations Analysis

	SLHGF	RVRC	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL
SLHGF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SLHGF
RVRC	0.0		0.0	0.0	0.0	0.0	-1.0	0.0	0.0	0.0	RVRC
LBHIX	0.0	0.0		0.79	0.63	0.89	0.0	0.74	0.73	0.46	LBHIX
MSTSX	0.0	0.0	0.79		0.48	0.91	0.0	0.78	0.65	0.24	MSTSX
VIASP	0.0	0.0	0.63	0.48		0.6	0.0	0.57	0.52	0.61	VIASP
RRTLX	0.0	0.0	0.89	0.91	0.6		0.0	0.78	0.78	0.48	RRTLX
OSHDF	0.0	-1.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	OSHDF
70082LAB3	0.0	0.0	0.74	0.78	0.57	0.78	0.0		0.75	0.12	70082LAB3
SITKF	0.0	0.0	0.73	0.65	0.52	0.78	0.0	0.75		0.36	SITKF
RWAYL	0.0	0.0	0.46	0.24	0.61	0.48	0.0	0.12	0.36		RWAYL
	SLHGF	RVRC	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL

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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

RRTLX	+ 0.91	MSTSX
RRTLX	+ 0.89	LBHIX
MSTSX	+ 0.79	LBHIX
70082LAB3	+ 0.78	MSTSX
70082LAB3	+ 0.78	RRTLX
SITKF	+ 0.78	RRTLX

High negative correlations

OSHDF	- 1.0	RVRC
RWAYL	- 0.0	OSHDF
SITKF	- 0.0	OSHDF
70082LAB3	- 0.0	OSHDF
OSHDF	- 0.0	RRTLX
OSHDF	- 0.0	VIASP

Risk-Adjusted Indicators

There is a big difference between BioLife Stock performing well and BioLife Solutions 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 BioLife Solutions' 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
SLHGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RVRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LBHIX	0.15	0.00	(0.08)	0.07	0.08	(0.29)	0.24	(0.23)	1.17
MSTSX	0.48	0.00	(0.03)	2.68	0.69	(0.48)	0.91	(1.06)	3.97
VIASP	0.41	0.02	(0.01)	0.34	0.59	(0.40)	1.03	(0.96)	3.04
RRTLX	0.21	0.02	(0.04)	0.94	0.23	(0.22)	0.46	(0.45)	1.85
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
70082LAB3	1.63	0.04	0.00	(0.09)	3.97	(1.46)	2.71	(3.98)	21.76
SITKF	3.80	0.60	0.13	5.73	3.68	(4.93)	8.22	(7.41)	28.16
RWAYL	0.12	0.01	(0.09)	0.31	0.06	(0.14)	0.28	(0.28)	0.85

BioLife Solutions Corporate Management

Sarah JD	Chief Officer	Profile
Troy Wichterman	Chief Officer	Profile
Geraint Phillips	Senior Operations	Profile
Troy CPA	Chief Officer	Profile

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