Correlation Between Aclarion and Bullfrog
Can any of the company-specific risk be diversified away by investing in both Aclarion and Bullfrog 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 Bullfrog into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Aclarion and Bullfrog AI Holdings,, you can compare the effects of market volatilities on Aclarion and Bullfrog 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 Bullfrog. Check out your portfolio center. Please also check ongoing floating volatility patterns of Aclarion and Bullfrog.
Diversification Opportunities for Aclarion and Bullfrog
Weak diversification
The 3 months correlation between Aclarion and Bullfrog is 0.3. Overlapping area represents the amount of risk that can be diversified away by holding Aclarion and Bullfrog AI Holdings, in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Bullfrog AI 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 Bullfrog. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bullfrog AI Holdings, has no effect on the direction of Aclarion i.e., Aclarion and Bullfrog go up and down completely randomly.
Pair Corralation between Aclarion and Bullfrog
Assuming the 90 days horizon Aclarion is expected to generate 2.19 times more return on investment than Bullfrog. However, Aclarion is 2.19 times more volatile than Bullfrog AI Holdings,. It trades about 0.26 of its potential returns per unit of risk. Bullfrog AI Holdings, is currently generating about 0.2 per unit of risk. If you would invest 3.57 in Aclarion on November 22, 2024 and sell it today you would earn a total of 4.21 from holding Aclarion or generate 117.93% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Aclarion vs. Bullfrog AI Holdings,
Performance |
| Timeline |
| Aclarion |
| Bullfrog AI Holdings, |
Aclarion and Bullfrog Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Aclarion and Bullfrog
The main advantage of trading using opposite Aclarion and Bullfrog positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Aclarion position performs unexpectedly, Bullfrog 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 Bullfrog will offset losses from the drop in Bullfrog's long position.| Aclarion vs. Aclarion | Aclarion vs. Iveda Solutions Warrant | Aclarion vs. Dermata Therapeutics Warrant | Aclarion vs. Heartbeam Warrant |
| Bullfrog vs. Healthcare Triangle | Bullfrog vs. EUDA Health Holdings | Bullfrog vs. Mangoceuticals, Common Stock | Bullfrog vs. FOXO Technologies |
Check out your portfolio center.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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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