Belite Bio Correlations

BLTE Stock

USD 127.80 8.20 6.03%

The current 90-days correlation between Belite Bio ADR and Infrastrutture Wireless Italiane is -0.03 (i.e., Good diversification). The correlation of Belite 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.

Belite Bio Correlation With Market

Significant diversification

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

Build AI portfolio with Belite Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Belite Bio ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Belite Stock

0.79	ACW	Actinogen Medical Earnings Call Next Week	Pair Corr
0.78	ABDX	Abingdon Health Plc	Pair Corr
0.64	DERM	Journey Medical Corp	Pair Corr
0.69	SWKH	SWK Holdings Corp	Pair Corr
0.76	GGB	Gerdau SA ADR	Pair Corr
0.74	FR	First Industrial Realty	Pair Corr
0.64	384802AD6	GRAINGER W W	Pair Corr
0.67	AAPL	Apple Inc Aggressive Push	Pair Corr
0.64	ENSG	Ensign Group	Pair Corr
0.79	MTD	Mettler Toledo Inter	Pair Corr
0.71	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.65	MNST	Monster Beverage Corp	Pair Corr
0.63	ACGBF	Agricultural Bank	Pair Corr

Moving against Belite Stock

0.75	ALVO	Alvotech	Pair Corr
0.72	OPTI	OptiBiotix Health Plc	Pair Corr
0.7	OBI	Ondine Biomedical	Pair Corr
0.65	AVH	Avita Medical	Pair Corr
0.48	CLVR	Clever Leaves Holdings	Pair Corr
0.39	ROQ	Roquefort Investments PLC	Pair Corr
0.32	209111FB4	CONSOLIDATED EDISON	Pair Corr
0.71	DUO	Fangdd Network Group	Pair Corr
0.63	SOMMY	Sumitomo Chemical	Pair Corr

Related Correlations Analysis

	IFSUF	VFL	SLTTF	RREIF	SHIHF	CAFZF
IFSUF		-0.4	0.74	0.0	-0.89	0.08	IFSUF
VFL	-0.4		0.09	0.0	0.46	0.35	VFL
SLTTF	0.74	0.09		0.0	-0.59	0.26	SLTTF
RREIF	0.0	0.0	0.0		0.0	0.0	RREIF
SHIHF	-0.89	0.46	-0.59	0.0		-0.05	SHIHF
CAFZF	0.08	0.35	0.26	0.0	-0.05		CAFZF
	IFSUF	VFL	SLTTF	RREIF	SHIHF	CAFZF

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

SLTTF	+ 0.74	IFSUF
SHIHF	+ 0.46	VFL
CAFZF	+ 0.35	VFL
CAFZF	+ 0.26	SLTTF
SLTTF	+ 0.09	VFL
CAFZF	+ 0.08	IFSUF

High negative correlations

SHIHF	- 0.89	IFSUF
SHIHF	- 0.59	SLTTF
VFL	- 0.4	IFSUF
CAFZF	- 0.05	SHIHF
CAFZF	- 0.0	RREIF
SHIHF	- 0.0	RREIF

Risk-Adjusted Indicators

There is a big difference between Belite Stock performing well and Belite 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 Belite 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
IFSUF	1.60	(0.35)	0.00	2.86	0.00	0.00	3.65	(5.35)	21.43
VFL	0.45	0.09	0.07	5.58	0.33	(0.56)	1.02	(0.79)	3.70
SLTTF	0.30	(0.11)	0.00	1.16	0.00	0.00	0.00	0.00	10.11
RREIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SHIHF	0.27	0.14	0.00	(0.86)	0.00	0.00	0.00	0.00	4.76
CAFZF	0.90	0.38	0.00	2.25	0.00	0.00	0.00	0.00	33.85

Belite Bio Corporate Management

ChingChen MSc	VP Operations	Profile
YuHsin MBA	Chairman CEO	Profile
CFA FRM	CFO Director	Profile
MA MD	Chief Board	Profile
Nathan Mata	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC