SAB Biotherapeutics Correlations

SABS Stock

USD 3.70 0.06 1.65%

The current 90-days correlation between SAB Biotherapeutics and Mayfair Gold Corp is -0.1 (i.e., Good diversification). The correlation of SAB Biotherapeutics 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.

SAB Biotherapeutics Correlation With Market

Modest diversification

The correlation between SAB Biotherapeutics 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 SAB Biotherapeutics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SAB Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SAB Biotherapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy SAB Stock please use our How to Invest in SAB Biotherapeutics guide.

Moving together with SAB Stock

0.62	IMTX	Immatics NV	Pair Corr
0.9	ACW	Actinogen Medical	Pair Corr
0.78	ABDX	Abingdon Health Plc	Pair Corr
0.75	UTHR	United Therapeutics	Pair Corr
0.77	SWKH	SWK Holdings Corp Normal Trading	Pair Corr
0.86	GGB	Gerdau SA ADR Aggressive Push	Pair Corr
0.89	FR	First Industrial Realty	Pair Corr
0.67	384802AD6	GRAINGER W W	Pair Corr
0.79	AAPL	Apple Inc	Pair Corr
0.7	ENSG	Ensign Group	Pair Corr
0.64	PREC	Prestige Cars Intern	Pair Corr
0.89	MTD	Mettler Toledo Inter	Pair Corr
0.92	GOOG	Alphabet Class C	Pair Corr
0.8	MNST	Monster Beverage Corp	Pair Corr
0.66	ACGBF	Agricultural Bank	Pair Corr

Moving against SAB Stock

0.89	OPTI	OptiBiotix Health Plc	Pair Corr
0.86	OBI	Ondine Biomedical	Pair Corr
0.84	ALVO	Alvotech	Pair Corr
0.76	AVH	Avita Medical	Pair Corr
0.35	ROQ	Roquefort Investments PLC	Pair Corr
0.83	DUO	Fangdd Network Group	Pair Corr
0.61	SOMMY	Sumitomo Chemical	Pair Corr

Related Correlations Analysis

	WZZAF	AGNC	ALK	WAB	MITP	NWARF	AIQUF	MFGCF
WZZAF		-0.57	0.8	-0.7	-0.76	0.29	0.7	-0.36	WZZAF
AGNC	-0.57		-0.48	0.65	0.82	0.13	-0.72	0.38	AGNC
ALK	0.8	-0.48		-0.74	-0.77	0.34	0.76	-0.53	ALK
WAB	-0.7	0.65	-0.74		0.82	-0.09	-0.7	0.42	WAB
MITP	-0.76	0.82	-0.77	0.82		-0.08	-0.82	0.4	MITP
NWARF	0.29	0.13	0.34	-0.09	-0.08		0.14	0.14	NWARF
AIQUF	0.7	-0.72	0.76	-0.7	-0.82	0.14		-0.44	AIQUF
MFGCF	-0.36	0.38	-0.53	0.42	0.4	0.14	-0.44		MFGCF
	WZZAF	AGNC	ALK	WAB	MITP	NWARF	AIQUF	MFGCF

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

MITP	+ 0.82	AGNC
MITP	+ 0.82	WAB
ALK	+ 0.8	WZZAF
AIQUF	+ 0.76	ALK
AIQUF	+ 0.7	WZZAF
WAB	+ 0.65	AGNC

High negative correlations

AIQUF	- 0.82	MITP
MITP	- 0.77	ALK
MITP	- 0.76	WZZAF
WAB	- 0.74	ALK
AIQUF	- 0.72	AGNC
AIQUF	- 0.7	WAB

Risk-Adjusted Indicators

There is a big difference between SAB Stock performing well and SAB Biotherapeutics 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 SAB Biotherapeutics' 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
WZZAF	0.50	(0.14)	0.00	(43.19)	0.00	0.00	0.00	0.00	9.15
AGNC	0.81	0.12	0.08	0.39	0.75	(0.92)	1.73	(1.33)	4.99
ALK	2.00	(0.60)	0.00	(0.26)	0.00	0.00	3.56	(4.31)	10.52
WAB	1.13	0.06	0.06	0.13	1.18	(1.23)	2.43	(2.13)	7.47
MITP	0.15	0.02	(0.23)	0.37	0.00	(0.19)	0.49	(0.32)	1.34
NWARF	3.63	0.12	0.02	0.30	4.34	(4.61)	6.80	(7.59)	28.68
AIQUF	0.89	(0.13)	0.00	(0.73)	0.00	0.00	1.80	(2.41)	4.84
MFGCF	3.18	0.52	0.13	1.34	3.01	(4.31)	6.96	(4.40)	19.11

SAB Biotherapeutics Corporate Management

MBA CMA	Ex CFO	Profile
Eddie Sullivan	President, CoFounder	Profile
MD MBA	Executive Officer	Profile
Hua Wu	Senior Development	Profile
Mark Conley	Interim Officer	Profile
Catherine DeRose	Vice Resources	Profile

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