Telesis Bio Correlations
| TBIODelisted Stock | USD 2.98 0.02 0.67% |
The current 90-days correlation between Telesis Bio and Western Sierra Mining is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Telesis Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Telesis Bio moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Telesis Bio Correlation With Market
Average diversification
The correlation between Telesis Bio and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telesis Bio and DJI in the same portfolio, assuming nothing else is changed.
Telesis |
The ability to find closely correlated positions to Telesis Bio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Telesis Bio when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Telesis Bio - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Telesis Bio to buy it.
Moving against Telesis Pink Sheet
| 0.62 | ELMD | Electromed | PairCorr |
| 0.6 | BIO | Bio Rad Laboratories Earnings Call This Week | PairCorr |
| 0.51 | ECOR | Electrocore LLC Trending | PairCorr |
| 0.51 | BSX | Boston Scientific Corp | PairCorr |
| 0.5 | PHG | Koninklijke Philips Earnings Call This Week | PairCorr |
| 0.48 | BVS | Bioventus | PairCorr |
| 0.32 | ABT | Abbott Laboratories Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.31 | QTI | QT Imaging Holdings Symbol Change | PairCorr |
| 0.59 | IINN | Inspira Technologies Oxy | PairCorr |
| 0.54 | LIVN | LivaNova PLC Earnings Call This Week | PairCorr |
| 0.51 | IRMD | Iradimed Earnings Call Next Week | PairCorr |
| 0.38 | ITGR | Integer Holdings Corp | PairCorr |
| 0.35 | INSP | Inspire Medical Systems | PairCorr |
| 0.31 | HSCS | Heart Test Laboratories | PairCorr |
| 0.31 | INBS | Intelligent Bio Solutions | PairCorr |
Related Correlations Analysis
| 0.2 | 0.44 | 0.86 | -0.4 | -0.54 | CAAP | ||
| 0.2 | 0.29 | 0.25 | -0.15 | -0.24 | LQRCF | ||
| 0.44 | 0.29 | 0.39 | 0.17 | 0.13 | JOBY | ||
| 0.86 | 0.25 | 0.39 | -0.57 | -0.72 | ALK | ||
| -0.4 | -0.15 | 0.17 | -0.57 | 0.62 | DINO | ||
| -0.54 | -0.24 | 0.13 | -0.72 | 0.62 | WSRC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Telesis Pink Sheet performing well and Telesis 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 Telesis 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CAAP | 1.80 | (0.09) | (0.02) | 0.02 | 2.18 | 4.84 | 10.81 | |||
| LQRCF | 1.73 | 0.63 | 0.00 | (1.47) | 0.00 | 8.77 | 29.51 | |||
| JOBY | 3.08 | (0.16) | (0.02) | 0.00 | 3.51 | 5.91 | 36.55 | |||
| ALK | 1.60 | 0.20 | 0.11 | 0.21 | 1.63 | 4.23 | 9.25 | |||
| DINO | 1.66 | (0.22) | 0.00 | (0.12) | 0.00 | 3.44 | 11.19 | |||
| WSRC | 1.22 | (0.65) | 0.00 | 18.59 | 0.00 | 0.00 | 12.41 |
Telesis Bio Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Telesis Bio pink sheet to make a market-neutral strategy. Peer analysis of Telesis Bio could also be used in its relative valuation, which is a method of valuing Telesis Bio by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Telesis Bio Corporate Management
| Decky MBA | Senior Development | Profile | |
| Laura MBA | Vice Culture | Profile | |
| Jen Carroll | Vice Relations | Profile | |
| Laurence Warden | Senior Instrumentation | Profile | |
| William Kullback | Chief Officer | Profile |
Still Interested in Telesis Bio?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.