Correlation Between Bullfrog and Akili
Can any of the company-specific risk be diversified away by investing in both Bullfrog and Akili 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 Bullfrog and Akili into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Bullfrog AI Holdings, and Akili Inc, you can compare the effects of market volatilities on Bullfrog and Akili 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 Bullfrog with a short position of Akili. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bullfrog and Akili.
Diversification Opportunities for Bullfrog and Akili
Very good diversification
The 3 months correlation between Bullfrog and Akili is -0.24. Overlapping area represents the amount of risk that can be diversified away by holding Bullfrog AI Holdings, and Akili Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Akili Inc and Bullfrog 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 Bullfrog AI Holdings, are associated (or correlated) with Akili. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Akili Inc has no effect on the direction of Bullfrog i.e., Bullfrog and Akili go up and down completely randomly.
Pair Corralation between Bullfrog and Akili
If you would invest 43.00 in Akili Inc on September 1, 2024 and sell it today you would earn a total of 0.00 from holding Akili Inc or generate 0.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 4.76% |
| Values | Daily Returns |
Bullfrog AI Holdings, vs. Akili Inc
Performance |
| Timeline |
| Bullfrog AI Holdings, |
| Akili Inc |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Bullfrog and Akili Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Bullfrog and Akili
The main advantage of trading using opposite Bullfrog and Akili positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Bullfrog position performs unexpectedly, Akili 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 Akili will offset losses from the drop in Akili's long position.| Bullfrog vs. Healthcare Triangle | Bullfrog vs. EUDA Health Holdings | Bullfrog vs. Mangoceuticals, Common Stock | Bullfrog vs. FOXO Technologies |
| Akili vs. EUDA Health Holdings | Akili vs. FOXO Technologies | Akili vs. Aclarion | Akili vs. National Research Corp |
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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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