Correlation Between Aethlon Medical and BARCLAYS

Specify exactly 2 symbols:
Can any of the company-specific risk be diversified away by investing in both Aethlon Medical and BARCLAYS 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 Aethlon Medical and BARCLAYS into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Aethlon Medical and BARCLAYS PLC, you can compare the effects of market volatilities on Aethlon Medical and BARCLAYS 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 Aethlon Medical with a short position of BARCLAYS. Check out your portfolio center. Please also check ongoing floating volatility patterns of Aethlon Medical and BARCLAYS.

Diversification Opportunities for Aethlon Medical and BARCLAYS

-0.01
  Correlation Coefficient

Good diversification

The 3 months correlation between Aethlon and BARCLAYS is -0.01. Overlapping area represents the amount of risk that can be diversified away by holding Aethlon Medical and BARCLAYS PLC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BARCLAYS PLC and Aethlon Medical 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 Aethlon Medical are associated (or correlated) with BARCLAYS. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BARCLAYS PLC has no effect on the direction of Aethlon Medical i.e., Aethlon Medical and BARCLAYS go up and down completely randomly.

Pair Corralation between Aethlon Medical and BARCLAYS

Given the investment horizon of 90 days Aethlon Medical is expected to generate 14.49 times more return on investment than BARCLAYS. However, Aethlon Medical is 14.49 times more volatile than BARCLAYS PLC. It trades about 0.14 of its potential returns per unit of risk. BARCLAYS PLC is currently generating about -0.18 per unit of risk. If you would invest  55.00  in Aethlon Medical on October 24, 2024 and sell it today you would earn a total of  10.00  from holding Aethlon Medical or generate 18.18% return on investment over 90 days.
Time Period3 Months [change]
DirectionMoves Against 
StrengthInsignificant
Accuracy83.33%
ValuesDaily Returns

Aethlon Medical  vs.  BARCLAYS PLC

 Performance 
       Timeline  
Aethlon Medical 

Risk-Adjusted Performance

9 of 100

 
Weak
 
Strong
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Aethlon Medical are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady primary indicators, Aethlon Medical exhibited solid returns over the last few months and may actually be approaching a breakup point.
BARCLAYS PLC 

Risk-Adjusted Performance

0 of 100

 
Weak
 
Strong
Very Weak
Over the last 90 days BARCLAYS PLC has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, BARCLAYS is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors.

Aethlon Medical and BARCLAYS Volatility Contrast

   Predicted Return Density   
       Returns  

Pair Trading with Aethlon Medical and BARCLAYS

The main advantage of trading using opposite Aethlon Medical and BARCLAYS positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Aethlon Medical position performs unexpectedly, BARCLAYS 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 BARCLAYS will offset losses from the drop in BARCLAYS's long position.
Aethlon Medical vs. Tivic Health Systems
Aethlon Medical vs. Bluejay Diagnostics
Aethlon Medical vs. Heart Test Laboratories
Aethlon Medical vs. Nuwellis
The idea behind Aethlon Medical and BARCLAYS PLC 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.
BARCLAYS vs. Albertsons Companies
BARCLAYS vs. Willis Lease Finance
BARCLAYS vs. China Aircraft Leasing
BARCLAYS vs. Willscot Mobile Mini
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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Other Complementary Tools

Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Money Managers
Screen money managers from public funds and ETFs managed around the world
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Volatility Analysis
Get historical volatility and risk analysis based on latest market data


 
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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY