Correlation Between Akili and Bullfrog
Can any of the company-specific risk be diversified away by investing in both Akili 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 Akili and Bullfrog into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Akili Inc and Bullfrog AI Holdings,, you can compare the effects of market volatilities on Akili 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 Akili with a short position of Bullfrog. Check out your portfolio center. Please also check ongoing floating volatility patterns of Akili and Bullfrog.
Diversification Opportunities for Akili and Bullfrog
Pay attention - limited upside
The 3 months correlation between Akili and Bullfrog is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Akili Inc 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 Akili 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 Akili Inc 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 Akili i.e., Akili and Bullfrog go up and down completely randomly.
Pair Corralation between Akili and Bullfrog
If you would invest 234.00 in Bullfrog AI Holdings, on November 22, 2024 and sell it today you would earn a total of 90.00 from holding Bullfrog AI Holdings, or generate 38.46% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Akili Inc vs. Bullfrog AI Holdings,
Performance |
| Timeline |
| Akili Inc |
Risk-Adjusted Performance
Very Weak
Weak | Strong |
| Bullfrog AI Holdings, |
Akili and Bullfrog Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Akili and Bullfrog
The main advantage of trading using opposite Akili and Bullfrog positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Akili 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.| Akili vs. EUDA Health Holdings | Akili vs. FOXO Technologies | Akili vs. Aclarion | Akili vs. National Research Corp |
| 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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