Biofrontera Correlations

BFRI Stock

USD 1.09 0.05 4.81%

The current 90-days correlation between Biofrontera and Gelteq Limited Ordinary is -0.23 (i.e., Very good diversification). The correlation of Biofrontera 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.

Biofrontera Correlation With Market

Modest diversification

The correlation between Biofrontera and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Biofrontera and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Biofrontera. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more detail on how to invest in Biofrontera Stock please use our How to Invest in Biofrontera guide.

Moving together with Biofrontera Stock

0.63	VYNE	Vyne Therapeutics	Pair Corr
0.66	UPB	Upstream Bio,	Pair Corr
0.7	ZBIO	Zenas BioPharma, Common Earnings Call Today	Pair Corr
0.64	ZYME	Zymeworks Common Stock Buyout Trend	Pair Corr
0.8	IMNM	Immunome Earnings Call This Week	Pair Corr
0.69	600201	Jinyu Bio Technology	Pair Corr

Moving against Biofrontera Stock

0.79	688089	Cabio Biotech Wuhan	Pair Corr
0.63	OPTI	OptiBiotix Health Plc	Pair Corr
0.56	688639	Anhui Huaheng Biotec	Pair Corr
0.53	300439	Ningbo MedicalSystem	Pair Corr
0.49	KPRX	Kiora Pharmaceuticals	Pair Corr
0.44	688238	OBiO Technology Corp	Pair Corr
0.44	HCWB	HCW Biologics	Pair Corr
0.37	AIM	AIM ImmunoTech	Pair Corr
0.36	688217	Shanghai Rightongene	Pair Corr
0.78	METROPOLIS	Metropolis Healthcare	Pair Corr
0.74	688166	BrightGene Bio Medical	Pair Corr
0.67	OBI	Ondine Biomedical	Pair Corr
0.65	300942	Shenzhen Bioeasy Bio	Pair Corr
0.57	300871	Wuhan Hvsen Biotechnology	Pair Corr
0.46	MAIA	MAIA Biotechnology	Pair Corr
0.4	MTNB	Matinas BioPharma	Pair Corr

Related Correlations Analysis

	GELS	PRPH	AYTU	EVGN	DWTX	SNSE	TRIB	COCP	IMNN	SBFM
GELS		0.14	0.12	0.03	-0.34	-0.23	0.11	0.51	0.56	-0.41	GELS
PRPH	0.14		0.05	0.06	0.47	0.56	-0.25	-0.31	-0.15	0.19	PRPH
AYTU	0.12	0.05		0.51	-0.29	0.16	0.1	0.13	0.15	0.11	AYTU
EVGN	0.03	0.06	0.51		-0.02	0.23	0.3	0.18	0.27	0.19	EVGN
DWTX	-0.34	0.47	-0.29	-0.02		0.5	-0.48	-0.64	-0.49	0.49	DWTX
SNSE	-0.23	0.56	0.16	0.23	0.5		-0.41	-0.66	-0.46	0.75	SNSE
TRIB	0.11	-0.25	0.1	0.3	-0.48	-0.41		0.68	0.59	-0.5	TRIB
COCP	0.51	-0.31	0.13	0.18	-0.64	-0.66	0.68		0.9	-0.78	COCP
IMNN	0.56	-0.15	0.15	0.27	-0.49	-0.46	0.59	0.9		-0.63	IMNN
SBFM	-0.41	0.19	0.11	0.19	0.49	0.75	-0.5	-0.78	-0.63		SBFM
	GELS	PRPH	AYTU	EVGN	DWTX	SNSE	TRIB	COCP	IMNN	SBFM

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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

IMNN	+ 0.9	COCP
SBFM	+ 0.75	SNSE
COCP	+ 0.68	TRIB
IMNN	+ 0.59	TRIB
IMNN	+ 0.56	GELS
SNSE	+ 0.56	PRPH

High negative correlations

SBFM	- 0.78	COCP
COCP	- 0.66	SNSE
COCP	- 0.64	DWTX
SBFM	- 0.63	IMNN
SBFM	- 0.5	TRIB
IMNN	- 0.49	DWTX

Risk-Adjusted Indicators

There is a big difference between Biofrontera Stock performing well and Biofrontera 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 Biofrontera'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
GELS	5.17	(0.21)	0.00	0.34	0.00	0.00	7.75	(10.79)	74.04
PRPH	5.89	(0.19)	0.01	0.05	6.97	(7.68)	13.04	(14.63)	56.45
AYTU	2.84	(0.20)	0.00	(0.10)	0.00	0.00	5.91	(5.98)	22.47
EVGN	2.82	(0.13)	(0.02)	0.02	3.10	(3.36)	6.40	(4.51)	17.99
DWTX	4.08	0.23	0.06	0.22	4.60	(4.47)	7.78	(9.05)	55.52
SNSE	4.49	0.59	0.07	3.14	6.63	(5.10)	10.57	(5.83)	61.96
TRIB	6.09	0.43	0.10	0.28	5.58	(9.05)	8.49	(10.62)	104.29
COCP	3.01	(0.60)	0.00	(0.94)	0.00	0.00	4.72	(7.69)	19.22
IMNN	2.11	(0.99)	0.00	(2.42)	0.00	0.00	3.62	(6.25)	17.49
SBFM	2.74	0.31	0.08	0.54	2.89	(3.62)	7.22	(5.00)	23.04

Biofrontera Corporate Management

Daniel JD	General Compliance	Profile
Jon MBA	Vice Affairs	Profile
Erica CPA	COO, CEO	Profile
Jeff Holm	Head Devel	Profile
Mark Baldyga	Head Marketing	Profile
Alycia Torres	Vice Administration	Profile

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