Anbio Biotechnology Correlations

NNNN Stock

46.99 3.24 7.41%

The current 90-days correlation between Anbio Biotechnology Class and National Vision Holdings is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Anbio Biotechnology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Anbio Biotechnology Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Anbio Biotechnology Correlation With Market

Good diversification

The correlation between Anbio Biotechnology Class 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 Anbio Biotechnology Class and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Anbio Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Anbio Biotechnology Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Anbio Stock

0.66	KMDA	Kamada	Pair Corr
0.78	NKTR	Nektar Therapeutics	Pair Corr
0.69	FNMFO	Federal National Mortgage Earnings Call This Week	Pair Corr
0.61	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.7	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.78	BAC-PL	Bank of America	Pair Corr
0.7	WFC-PL	Wells Fargo	Pair Corr
0.66	INTC	Intel Earnings Call This Week	Pair Corr
0.65	CVX	Chevron Corp	Pair Corr

Moving against Anbio Stock

0.66	BCH	Banco De Chile Earnings Call This Week	Pair Corr
0.38	FATE	Fate Therapeutics	Pair Corr
0.58	TRV	The Travelers Companies	Pair Corr
0.44	PG	Procter Gamble	Pair Corr
0.35	KO	Coca Cola Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	EYE	MITT	RH	AEG	ASO	PNNT	GGDVF
EYE		0.96	0.46	0.91	0.89	0.9	0.65	EYE
MITT	0.96		0.51	0.91	0.89	0.91	0.67	MITT
RH	0.46	0.51		0.46	0.61	0.55	0.15	RH
AEG	0.91	0.91	0.46		0.76	0.84	0.44	AEG
ASO	0.89	0.89	0.61	0.76		0.95	0.65	ASO
PNNT	0.9	0.91	0.55	0.84	0.95		0.6	PNNT
GGDVF	0.65	0.67	0.15	0.44	0.65	0.6		GGDVF
	EYE	MITT	RH	AEG	ASO	PNNT	GGDVF

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Risk-Adjusted Indicators

There is a big difference between Anbio Stock performing well and Anbio Biotechnology 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 Anbio Biotechnology'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
EYE	2.12	0.98	0.55	0.78	0.86	(2.60)	6.85	(2.38)	20.87
MITT	1.51	0.28	0.15	0.42	1.49	(1.78)	4.18	(2.69)	9.42
RH	3.02	0.02	0.06	0.14	3.23	(3.36)	6.39	(5.49)	23.92
AEG	1.00	0.17	0.11	0.35	0.91	(1.13)	2.11	(2.05)	5.61
ASO	2.01	0.35	0.22	0.31	1.66	(2.32)	5.24	(3.66)	23.42
PNNT	1.06	0.20	0.09	0.41	1.33	(1.15)	2.33	(2.24)	8.32
GGDVF	0.16	0.05	0.00	(10.27)	0.00	0.00	0.00	0.00	5.19

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