Biotricity Correlations

Summary

The current 90-days correlation between Biotricity and PetVivo Holdings is -0.17 (i.e., Good diversification). The correlation of Biotricity 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.

Biotricity Correlation With Market

Significant diversification

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

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

Moving together with Biotricity Stock

0.71	VERO	Venus Concept	Pair Corr
0.78	DYNT	Dynatronics	Pair Corr
0.75	PHG	Koninklijke Philips	Pair Corr
0.8	BBLGW	Bone Biologics Corp	Pair Corr
0.83	SNN	Smith Nephew SNATS	Pair Corr
0.86	STE	STERIS plc	Pair Corr
0.8	XTNT	Xtant Medical Holdings	Pair Corr
0.74	ZIMV	ZimVie Inc	Pair Corr

Moving against Biotricity Stock

0.87	ECOR	Electrocore LLC	Pair Corr
0.87	NXL	Nexalin Technology	Pair Corr
0.86	PEN	Penumbra	Pair Corr
0.84	VREX	Varex Imaging Corp	Pair Corr
0.83	ELMD	Electromed	Pair Corr
0.79	OM	Outset Medical	Pair Corr
0.79	BSX	Boston Scientific Corp Sell-off Trend	Pair Corr
0.78	MYO	Myomo Inc	Pair Corr
0.76	DXCM	DexCom Inc	Pair Corr
0.66	XAIR	Beyond Air	Pair Corr
0.66	SYK	Stryker	Pair Corr
0.61	VVOS	Vivos Therapeutics	Pair Corr
0.59	EW	Edwards Lifesciences Corp	Pair Corr
0.56	FNA	Paragon 28	Pair Corr
0.37	ABT	Abbott Laboratories Fiscal Year End 22nd of January 2025	Pair Corr
0.86	IART	Integra LifeSciences	Pair Corr
0.86	LNSR	LENSAR Inc	Pair Corr
0.85	GMED	Globus Medical	Pair Corr
0.83	IRMD	Iradimed	Pair Corr
0.79	ITGR	Integer Holdings Corp	Pair Corr
0.77	GKOS	Glaukos Corp	Pair Corr
0.7	INMD	InMode	Pair Corr
0.66	VMD	Viemed Healthcare	Pair Corr
0.65	WOK	WORK Medical Technology	Pair Corr
0.64	IRTC	iRhythm Technologies	Pair Corr
0.62	ICCM	Icecure Medical	Pair Corr
0.53	ZBH	Zimmer Biomet Holdings Sell-off Trend	Pair Corr

Related Correlations Analysis

	CVRX	BBLG	DCTH	HSCS	MODD	NSYS	PETV	BSGM	SRDX	BMRA
CVRX		-0.58	0.65	-0.46	-0.55	-0.72	-0.29	0.94	0.14	0.48	CVRX
BBLG	-0.58		-0.46	0.57	0.52	0.53	0.0	-0.65	-0.32	-0.21	BBLG
DCTH	0.65	-0.46		-0.25	-0.59	-0.18	-0.43	0.54	0.24	0.23	DCTH
HSCS	-0.46	0.57	-0.25		0.08	0.57	-0.2	-0.52	-0.06	-0.21	HSCS
MODD	-0.55	0.52	-0.59	0.08		0.32	0.47	-0.56	-0.66	-0.01	MODD
NSYS	-0.72	0.53	-0.18	0.57	0.32		-0.15	-0.82	-0.26	-0.28	NSYS
PETV	-0.29	0.0	-0.43	-0.2	0.47	-0.15		-0.23	0.09	-0.13	PETV
BSGM	0.94	-0.65	0.54	-0.52	-0.56	-0.82	-0.23		0.22	0.38	BSGM
SRDX	0.14	-0.32	0.24	-0.06	-0.66	-0.26	0.09	0.22		-0.21	SRDX
BMRA	0.48	-0.21	0.23	-0.21	-0.01	-0.28	-0.13	0.38	-0.21		BMRA
	CVRX	BBLG	DCTH	HSCS	MODD	NSYS	PETV	BSGM	SRDX	BMRA

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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

BSGM	+ 0.94	CVRX
DCTH	+ 0.65	CVRX
HSCS	+ 0.57	BBLG
NSYS	+ 0.57	HSCS
BSGM	+ 0.54	DCTH
NSYS	+ 0.53	BBLG

High negative correlations

BSGM	- 0.82	NSYS
NSYS	- 0.72	CVRX
SRDX	- 0.66	MODD
BSGM	- 0.65	BBLG
MODD	- 0.59	DCTH
BBLG	- 0.58	CVRX

Risk-Adjusted Indicators

There is a big difference between Biotricity Stock performing well and Biotricity 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 Biotricity'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
CVRX	3.75	0.91	0.19	2.11	3.49	(4.34)	10.68	(8.91)	41.08
BBLG	8.95	1.13	0.13	0.72	8.34	(14.72)	18.13	(12.50)	163.17
DCTH	2.70	0.35	0.08	1.31	2.91	(3.01)	6.49	(3.88)	20.21
HSCS	5.57	1.10	0.13	(0.39)	5.05	(7.17)	11.95	(8.97)	58.33
MODD	2.06	(0.26)	0.00	0.97	0.00	0.00	3.69	(4.76)	19.79
NSYS	2.43	(0.03)	(0.03)	0.05	3.19	(2.70)	6.48	(4.63)	20.00
PETV	3.38	(0.29)	0.00	1.14	0.00	0.00	8.21	(6.96)	29.17
BSGM	8.98	2.47	0.19	10.29	9.92	(11.20)	34.00	(18.00)	78.79
SRDX	0.45	(0.03)	(0.19)	0.02	0.53	(0.48)	1.06	(0.95)	3.22
BMRA	4.60	(0.22)	(0.02)	(0.01)	5.19	(6.32)	9.38	(6.67)	41.32

View Biotricity Related Equities

CVRx Inc Bone Biologics Corp Delcath Systems Heart Test Laboratories Modular Medical Nortech Systems Incorporated PetVivo Holdings BioSig Technologies, Common SurModics Biomerica Movano Inc Ainos Inc INVO Bioscience Nemaura Medical Bluejay Diagnostics

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Correlation

Biotricity Corporate Management

Fareeha Siddiqui	Senior Solutions	Profile
Amjad Talpur	Senior Operations	Profile
Amir Ali	Chief Officer	Profile
John Ayanoglou	Chief Officer	Profile
Andy Wong	Vice Operations	Profile

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