Correlation Between BASF SE and Aclarion
Can any of the company-specific risk be diversified away by investing in both BASF SE and Aclarion 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 BASF SE and Aclarion into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between BASF SE ADR and Aclarion, you can compare the effects of market volatilities on BASF SE and Aclarion 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 BASF SE with a short position of Aclarion. Check out your portfolio center. Please also check ongoing floating volatility patterns of BASF SE and Aclarion.
Diversification Opportunities for BASF SE and Aclarion
Very good diversification
The 3 months correlation between BASF and Aclarion is -0.36. Overlapping area represents the amount of risk that can be diversified away by holding BASF SE ADR and Aclarion in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Aclarion and BASF SE 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 BASF SE ADR are associated (or correlated) with Aclarion. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Aclarion has no effect on the direction of BASF SE i.e., BASF SE and Aclarion go up and down completely randomly.
Pair Corralation between BASF SE and Aclarion
Assuming the 90 days horizon BASF SE ADR is expected to under-perform the Aclarion. But the otc stock apears to be less risky and, when comparing its historical volatility, BASF SE ADR is 2.41 times less risky than Aclarion. The otc stock trades about -0.01 of its potential returns per unit of risk. The Aclarion is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 733.00 in Aclarion on July 14, 2025 and sell it today you would earn a total of 127.00 from holding Aclarion or generate 17.33% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
BASF SE ADR vs. Aclarion
Performance |
| Timeline |
| BASF SE ADR |
| Aclarion |
BASF SE and Aclarion Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with BASF SE and Aclarion
The main advantage of trading using opposite BASF SE and Aclarion positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BASF SE position performs unexpectedly, Aclarion 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 Aclarion will offset losses from the drop in Aclarion's long position.| BASF SE vs. Shin Etsu Chemical Co | BASF SE vs. Shin Etsu Chemical Co | BASF SE vs. First Graphene | BASF SE vs. Huntsman |
| Aclarion vs. Aclarion | Aclarion vs. Mangoceuticals, Common Stock | Aclarion vs. HeartCore Enterprises | Aclarion vs. In8bio Inc |
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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