Correlation Between Lipocine and ACGCAP
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By analyzing existing cross correlation between Lipocine and ACGCAP 195 30 JAN 26, you can compare the effects of market volatilities on Lipocine and ACGCAP 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 Lipocine with a short position of ACGCAP. Check out your portfolio center. Please also check ongoing floating volatility patterns of Lipocine and ACGCAP.
Diversification Opportunities for Lipocine and ACGCAP
Modest diversification
The 3 months correlation between Lipocine and ACGCAP is 0.21. Overlapping area represents the amount of risk that can be diversified away by holding Lipocine and ACGCAP 195 30 JAN 26 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ACGCAP 195 30 and Lipocine 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 Lipocine are associated (or correlated) with ACGCAP. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ACGCAP 195 30 has no effect on the direction of Lipocine i.e., Lipocine and ACGCAP go up and down completely randomly.
Pair Corralation between Lipocine and ACGCAP
Given the investment horizon of 90 days Lipocine is expected to generate 4.25 times more return on investment than ACGCAP. However, Lipocine is 4.25 times more volatile than ACGCAP 195 30 JAN 26. It trades about 0.07 of its potential returns per unit of risk. ACGCAP 195 30 JAN 26 is currently generating about -0.01 per unit of risk. If you would invest 249.00 in Lipocine on September 4, 2024 and sell it today you would earn a total of 181.00 from holding Lipocine or generate 72.69% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 76.42% |
| Values | Daily Returns |
Lipocine vs. ACGCAP 195 30 JAN 26
Performance |
| Timeline |
| Lipocine |
| ACGCAP 195 30 |
Lipocine and ACGCAP Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Lipocine and ACGCAP
The main advantage of trading using opposite Lipocine and ACGCAP positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Lipocine position performs unexpectedly, ACGCAP 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 ACGCAP will offset losses from the drop in ACGCAP's long position.| Lipocine vs. Reviva Pharmaceuticals Holdings | Lipocine vs. ZyVersa Therapeutics | Lipocine vs. Unicycive Therapeutics | Lipocine vs. Checkpoint Therapeutics |
| ACGCAP vs. Diageo PLC ADR | ACGCAP vs. NH Foods Ltd | ACGCAP vs. Natural Alternatives International | ACGCAP vs. Suntory Beverage Food |
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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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