Bionano Genomics Correlations

BNGO Stock

USD 2.12 0.03 1.44%

The current 90-days correlation between Bionano Genomics and Innerscope Advertising Agency is 0.04 (i.e., Significant 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

Good diversification

The correlation between Bionano Genomics and DJI is -0.03 (i.e., Good 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 rate.

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

Moving together with Bionano Stock

0.67

PRM

Proteome Sciences PLC

Pair Corr

Moving against Bionano Stock

0.67	OSL	Oncosil Medical	Pair Corr
0.48	A	Agilent Technologies	Pair Corr
0.42	TEM	Tempus AI, Class	Pair Corr
0.41	603259	WuXi AppTec	Pair Corr
0.41	MEDP	Medpace Holdings	Pair Corr
0.39	WAT	Waters	Pair Corr
0.31	CTE	Cryosite	Pair Corr
0.66	SEER	Seer Inc	Pair Corr
0.6	MRVI	Maravai Lifesciences	Pair Corr
0.6	603127	Joinn LaboratoriesCo	Pair Corr
0.55	AFJK	Aimei Health Technology	Pair Corr
0.54	PSNL	Personalis	Pair Corr
0.54	QTRX	Quanterix Corp	Pair Corr
0.54	RGEN	Repligen	Pair Corr
0.5	ADPT	Adaptive Biotechnologies	Pair Corr

Related Correlations Analysis

	MBOT	SDCCQ	ISRG	INND	POAI	NNDM	SENS	OCGN	GEVO
MBOT		0.07	-0.46	-0.49	0.52	-0.17	-0.56	-0.01	0.28	MBOT
SDCCQ	0.07		-0.2	-0.07	0.45	-0.02	-0.08	0.18	0.19	SDCCQ
ISRG	-0.46	-0.2		0.69	-0.67	-0.31	0.74	-0.65	-0.69	ISRG
INND	-0.49	-0.07	0.69		-0.45	-0.26	0.74	-0.46	-0.56	INND
POAI	0.52	0.45	-0.67	-0.45		0.27	-0.52	0.53	0.62	POAI
NNDM	-0.17	-0.02	-0.31	-0.26	0.27		-0.04	0.76	0.69	NNDM
SENS	-0.56	-0.08	0.74	0.74	-0.52	-0.04		-0.3	-0.45	SENS
OCGN	-0.01	0.18	-0.65	-0.46	0.53	0.76	-0.3		0.81	OCGN
GEVO	0.28	0.19	-0.69	-0.56	0.62	0.69	-0.45	0.81		GEVO
	MBOT	SDCCQ	ISRG	INND	POAI	NNDM	SENS	OCGN	GEVO

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

GEVO	+ 0.81	OCGN
OCGN	+ 0.76	NNDM
SENS	+ 0.74	ISRG
SENS	+ 0.74	INND
INND	+ 0.69	ISRG
GEVO	+ 0.69	NNDM

High negative correlations

GEVO	- 0.69	ISRG
POAI	- 0.67	ISRG
OCGN	- 0.65	ISRG
GEVO	- 0.56	INND
SENS	- 0.56	MBOT
SENS	- 0.52	POAI

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
MBOT	4.66	0.24	0.06	0.14	5.05	(5.50)	8.68	(7.59)	38.51
SDCCQ	34.60	14.06	0.00	1.59	0.00	0.00	100.00	(50.00)	990.00
ISRG	1.22	(0.31)	0.00	(0.23)	0.00	0.00	1.82	(3.49)	7.43
INND	9.38	0.22	0.01	(0.10)	9.94	(12.53)	25.00	(16.67)	61.99
POAI	4.23	0.43	0.07	0.29	5.84	(5.49)	9.29	(7.69)	75.77
NNDM	2.34	0.29	0.13	0.18	2.16	(3.28)	6.12	(3.57)	12.59
SENS	2.82	(0.18)	0.00	(0.03)	0.00	0.00	6.98	(6.67)	37.81
OCGN	3.34	0.60	0.16	0.44	2.96	(4.78)	12.41	(5.50)	26.74
GEVO	4.07	0.78	0.25	0.22	3.11	(5.46)	8.22	(6.12)	66.27

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

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