Intelligent Bio Correlations
INBS Stock | USD 1.61 0.29 15.26% |
The current 90-days correlation between Intelligent Bio Solutions and El Pollo Loco is 0.08 (i.e., Significant diversification). The correlation of Intelligent Bio 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.
Intelligent Bio Correlation With Market
Significant diversification
The correlation between Intelligent Bio Solutions and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intelligent Bio Solutions and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Intelligent Stock
0.81 | DH | Definitive Healthcare | PairCorr |
0.79 | FIGS | Figs Inc | PairCorr |
0.68 | CAH | Cardinal Health | PairCorr |
0.65 | SSY | SunLink Health Systems | PairCorr |
0.7 | IRMD | Iradimed Earnings Call This Week | PairCorr |
0.8 | JYNT | Joint Corp | PairCorr |
0.84 | MASS | 908 Devices | PairCorr |
0.66 | HSCSW | Heart Test Laboratories | PairCorr |
0.88 | PTHL | Pheton Holdings Trending | PairCorr |
0.84 | STRM | Streamline Health | PairCorr |
0.7 | A | Agilent Technologies Earnings Call This Week | PairCorr |
Moving against Intelligent Stock
0.78 | LNSR | LENSAR Inc | PairCorr |
0.76 | MOH | Molina Healthcare | PairCorr |
0.74 | TFX | Teleflex Incorporated Earnings Call This Week | PairCorr |
0.71 | GCTK | GlucoTrack | PairCorr |
0.68 | MMSI | Merit Medical Systems Earnings Call This Week | PairCorr |
0.68 | OFIX | Orthofix Medical | PairCorr |
0.63 | NPCE | Neuropace | PairCorr |
0.52 | NEOG | Neogen Earnings Call This Week | PairCorr |
0.48 | XYLO | Xylo Technologies | PairCorr |
0.43 | ITGR | Integer Holdings Corp | PairCorr |
0.78 | ERNA | Eterna Therapeutics | PairCorr |
0.72 | ALHC | Alignment Healthcare LLC Earnings Call This Week | PairCorr |
0.71 | TMCI | Treace Medical Concepts | PairCorr |
0.71 | CLOV | Clover Health Investments | PairCorr |
0.65 | ATEC | Alphatec Holdings Earnings Call This Week | PairCorr |
0.54 | TNDM | Tandem Diabetes Care | PairCorr |
0.38 | EWTX | Edgewise Therapeutics | PairCorr |
Related Correlations Analysis
0.58 | 0.49 | 0.64 | 0.55 | 0.15 | LOCO | ||
0.58 | 0.8 | 0.87 | 0.56 | 0.52 | BUD | ||
0.49 | 0.8 | 0.87 | 0.47 | 0.38 | TXRH | ||
0.64 | 0.87 | 0.87 | 0.71 | 0.5 | WING | ||
0.55 | 0.56 | 0.47 | 0.71 | 0.54 | PM | ||
0.15 | 0.52 | 0.38 | 0.5 | 0.54 | UVV | ||
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Risk-Adjusted Indicators
There is a big difference between Intelligent Stock performing well and Intelligent Bio 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 Intelligent Bio'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
LOCO | 1.67 | (0.01) | 0.01 | 0.19 | 1.76 | 4.08 | 12.24 | |||
BUD | 0.79 | 0.06 | (0.10) | 0.61 | 0.89 | 1.73 | 5.49 | |||
TXRH | 1.25 | 0.00 | 0.02 | 0.20 | 1.11 | 4.79 | 8.34 | |||
WING | 2.08 | 0.31 | 0.17 | 0.43 | 1.80 | 5.54 | 20.63 | |||
PM | 1.06 | (0.01) | 0.00 | 0.31 | 0.00 | 1.69 | 11.55 | |||
UVV | 1.23 | (0.04) | (0.09) | 0.11 | 1.51 | 2.07 | 14.71 |
Intelligent Bio Corporate Management
BBus CA | Chief Officer | Profile | |
Alex Arzeno | VP Relations | Profile | |
Victoria Gavrilenko | Operations Manager | Profile | |
Anna Turkington | Vice Marketing | Profile | |
Callistus Sequeira | Vice Operations | Profile | |
Doug Heath | Vice Sales | Profile |