Correlation Between Bank Mandiri and Aclarion
Can any of the company-specific risk be diversified away by investing in both Bank Mandiri 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 Bank Mandiri and Aclarion into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Bank Mandiri Persero and Aclarion, you can compare the effects of market volatilities on Bank Mandiri 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 Bank Mandiri with a short position of Aclarion. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bank Mandiri and Aclarion.
Diversification Opportunities for Bank Mandiri and Aclarion
-0.66 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Bank and Aclarion is -0.66. Overlapping area represents the amount of risk that can be diversified away by holding Bank Mandiri Persero and Aclarion in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Aclarion and Bank Mandiri 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 Bank Mandiri Persero 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 Bank Mandiri i.e., Bank Mandiri and Aclarion go up and down completely randomly.
Pair Corralation between Bank Mandiri and Aclarion
Assuming the 90 days horizon Bank Mandiri Persero is expected to under-perform the Aclarion. But the pink sheet apears to be less risky and, when comparing its historical volatility, Bank Mandiri Persero is 2.54 times less risky than Aclarion. The pink sheet trades about -0.14 of its potential returns per unit of risk. The Aclarion is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest 732.00 in Aclarion on July 20, 2025 and sell it today you would earn a total of 72.00 from holding Aclarion or generate 9.84% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Bank Mandiri Persero vs. Aclarion
Performance |
| Timeline |
| Bank Mandiri Persero |
| Aclarion |
Bank Mandiri and Aclarion Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Bank Mandiri and Aclarion
The main advantage of trading using opposite Bank Mandiri and Aclarion positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Bank Mandiri 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.| Bank Mandiri vs. Bank Rakyat | Bank Mandiri vs. Eurobank Ergasias Services | Bank Mandiri vs. Nedbank Group | Bank Mandiri vs. Standard Bank Group |
| Aclarion vs. Bullfrog AI Holdings, | Aclarion vs. Bluejay Diagnostics | Aclarion vs. ENDRA Life Sciences | Aclarion vs. Soligenix |
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 Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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