BriaCell Therapeutics Correlations
| BCTXW Stock | USD 0.43 0.08 22.86% |
The current 90-days correlation between BriaCell Therapeutics and Briacell Therapeutics Corp is -0.08 (i.e., Good diversification). The correlation of BriaCell Therapeutics 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.
BriaCell Therapeutics Correlation With Market
Significant diversification
The correlation between BriaCell Therapeutics Corp and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BriaCell Therapeutics Corp and DJI in the same portfolio, assuming nothing else is changed.
BriaCell |
Moving against BriaCell Stock
| 0.36 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.35 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.34 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.31 | HLN | Haleon plc | PairCorr |
| 0.34 | SMMT | Summit Therapeutics PLC | PairCorr |
| 0.33 | ANEB | Anebulo Pharmaceuticals | PairCorr |
| 0.32 | AMGN | Amgen Inc | PairCorr |
Related Correlations Analysis
| -0.33 | -0.03 | 0.13 | -0.25 | BCTX | ||
| -0.33 | 0.57 | -0.16 | -0.02 | GOVXW | ||
| -0.03 | 0.57 | -0.39 | -0.09 | IMTXW | ||
| 0.13 | -0.16 | -0.39 | -0.1 | ATNFW | ||
| -0.25 | -0.02 | -0.09 | -0.1 | RVPHW | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between BriaCell Stock performing well and BriaCell Therapeutics 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 BriaCell Therapeutics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BCTX | 7.91 | 0.93 | 0.09 | (3.83) | 8.17 | 23.94 | 75.59 | |||
| GOVXW | 13.31 | (0.47) | 0.00 | 2.85 | 0.00 | 28.57 | 94.26 | |||
| IMTXW | 7.38 | (2.13) | 0.00 | (0.79) | 0.00 | 16.67 | 66.99 | |||
| ATNFW | 11.76 | 0.97 | 0.11 | 0.37 | 10.77 | 29.23 | 136.19 | |||
| RVPHW | 14.03 | 3.17 | 0.16 | (6.66) | 15.22 | 28.57 | 129.53 |
BriaCell Therapeutics Corporate Management
| FACP MD | Founder Director | Profile | |
| Miguel LopezLago | Chief Officer | Profile | |
| Farrah Dean | Mang Devel | Profile | |
| MD MPH | Chief Officer | Profile |