Correlation Between Aclarion and NetraMark Holdings

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Can any of the company-specific risk be diversified away by investing in both Aclarion and NetraMark Holdings at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Aclarion and NetraMark Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Aclarion and NetraMark Holdings, you can compare the effects of market volatilities on Aclarion and NetraMark Holdings and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Aclarion with a short position of NetraMark Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of Aclarion and NetraMark Holdings.

Diversification Opportunities for Aclarion and NetraMark Holdings

AclarionNetraMarkDiversified AwayAclarionNetraMarkDiversified Away100%
0.52
  Correlation Coefficient

Very weak diversification

The 3 months correlation between Aclarion and NetraMark is 0.52. Overlapping area represents the amount of risk that can be diversified away by holding Aclarion and NetraMark Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on NetraMark Holdings and Aclarion is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Aclarion are associated (or correlated) with NetraMark Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NetraMark Holdings has no effect on the direction of Aclarion i.e., Aclarion and NetraMark Holdings go up and down completely randomly.

Pair Corralation between Aclarion and NetraMark Holdings

Assuming the 90 days horizon Aclarion is expected to generate 2.61 times more return on investment than NetraMark Holdings. However, Aclarion is 2.61 times more volatile than NetraMark Holdings. It trades about 0.28 of its potential returns per unit of risk. NetraMark Holdings is currently generating about 0.35 per unit of risk. If you would invest  2.98  in Aclarion on November 30, 2024 and sell it today you would earn a total of  3.91  from holding Aclarion or generate 131.21% return on investment over 90 days.
Time Period3 Months [change]
DirectionMoves Together 
StrengthWeak
Accuracy95.45%
ValuesDaily Returns

Aclarion  vs.  NetraMark Holdings

 Performance 
JavaScript chart by amCharts 3.21.15Dec2025Feb 050100150
JavaScript chart by amCharts 3.21.15ACONW AINMF
       Timeline  
Aclarion 

Risk-Adjusted Performance

Good

 
Weak
 
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in Aclarion are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unfluctuating basic indicators, Aclarion showed solid returns over the last few months and may actually be approaching a breakup point.
JavaScript chart by amCharts 3.21.15DecJanFebJanFeb0.010.020.030.040.050.060.070.08
NetraMark Holdings 

Risk-Adjusted Performance

Good

 
Weak
 
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in NetraMark Holdings are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Despite nearly inconsistent primary indicators, NetraMark Holdings reported solid returns over the last few months and may actually be approaching a breakup point.
JavaScript chart by amCharts 3.21.15JanFebFeb0.60.70.80.911.11.2

Aclarion and NetraMark Holdings Volatility Contrast

   Predicted Return Density   
JavaScript chart by amCharts 3.21.15-55.27-41.39-27.52-13.640.014.2629.2744.2859.2974.3 0.0020.0030.0040.005
JavaScript chart by amCharts 3.21.15ACONW AINMF
       Returns  

Pair Trading with Aclarion and NetraMark Holdings

The main advantage of trading using opposite Aclarion and NetraMark Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Aclarion position performs unexpectedly, NetraMark Holdings can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NetraMark Holdings will offset losses from the drop in NetraMark Holdings' long position.
The idea behind Aclarion and NetraMark Holdings pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.
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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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