Bionano Genomics Correlations

BNGO Stock

USD 3.67 0.02 0.55%

The current 90-days correlation between Bionano Genomics and Innovative Eyewear is 0.6 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bionano Genomics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bionano Genomics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bionano Genomics Correlation With Market

Modest diversification

The correlation between Bionano Genomics and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bionano Genomics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bionano Stock

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

To learn how to invest in Bionano Stock, please use our How to Invest in Bionano Genomics guide.

Moving together with Bionano Stock

0.69

DNA

Ginkgo Bioworks Holdings

Pair Corr

Moving against Bionano Stock

0.44	XWEL	XWELL Inc	Pair Corr
0.4	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.35	GSK	GlaxoSmithKline PLC ADR	Pair Corr
0.59	INBX	Inhibrx Symbol Change	Pair Corr
0.32	IBIO	iBio, Common Stock	Pair Corr

Related Correlations Analysis

	ISRG	LUCY	STXS	NXGL	MBOT	STAA	NVST	GMVD	BDX	WST
ISRG		0.25	0.71	-0.25	0.35	0.52	0.8	0.0	-0.42	0.09	ISRG
LUCY	0.25		-0.01	0.29	-0.56	-0.07	0.57	0.0	0.5	0.62	LUCY
STXS	0.71	-0.01		-0.32	0.55	0.64	0.56	0.0	-0.48	0.05	STXS
NXGL	-0.25	0.29	-0.32		-0.74	-0.26	0.16	0.0	0.76	0.59	NXGL
MBOT	0.35	-0.56	0.55	-0.74		0.44	-0.13	0.0	-0.85	-0.55	MBOT
STAA	0.52	-0.07	0.64	-0.26	0.44		0.42	0.0	-0.42	0.25	STAA
NVST	0.8	0.57	0.56	0.16	-0.13	0.42		0.0	0.04	0.49	NVST
GMVD	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	GMVD
BDX	-0.42	0.5	-0.48	0.76	-0.85	-0.42	0.04	0.0		0.67	BDX
WST	0.09	0.62	0.05	0.59	-0.55	0.25	0.49	0.0	0.67		WST
	ISRG	LUCY	STXS	NXGL	MBOT	STAA	NVST	GMVD	BDX	WST

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

NVST	+ 0.8	ISRG
BDX	+ 0.76	NXGL
STXS	+ 0.71	ISRG
WST	+ 0.67	BDX
STAA	+ 0.64	STXS
WST	+ 0.62	LUCY

High negative correlations

BDX	- 0.85	MBOT
MBOT	- 0.74	NXGL
MBOT	- 0.56	LUCY
WST	- 0.55	MBOT
BDX	- 0.48	STXS
BDX	- 0.42	STAA

Risk-Adjusted Indicators

There is a big difference between Bionano Stock performing well and Bionano Genomics 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 Bionano Genomics' 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
ISRG	1.88	0.01	0.00	(0.03)	0.00	0.00	3.27	(5.18)	20.67
LUCY	7.63	0.78	0.07	1.10	9.99	(10.06)	15.51	(11.67)	154.57
STXS	2.95	0.04	0.01	0.00	3.60	(2.95)	6.56	(5.56)	21.02
NXGL	3.18	(0.45)	0.00	(0.43)	0.00	0.00	5.36	(7.95)	24.69
MBOT	4.83	0.99	0.19	0.54	4.61	(5.60)	14.09	(7.65)	35.02
STAA	2.72	0.15	0.04	0.12	3.53	(2.93)	5.17	(6.51)	16.28
NVST	2.52	(0.09)	0.00	(0.09)	0.00	0.00	5.46	(5.47)	17.74
GMVD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BDX	1.43	(0.35)	0.00	(0.51)	0.00	0.00	1.88	(2.46)	22.37
WST	1.77	(0.01)	0.00	(0.05)	0.00	0.00	3.79	(3.48)	12.01

Bionano Genomics Corporate Management

Jonathan JD	General Secretary	Profile
Donna Polizio	Global Access	Profile
Klint Rose	Head Development	Profile
Helene Klein	Chief Officer	Profile
Sheila MBA	Vice Marketing	Profile
Christopher Stewart	Chief Officer	Profile
Jonathan Dixon	Global Legal	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

2025 Macroaxis LLC