Correlation Between Longevity Health and Celularity
Can any of the company-specific risk be diversified away by investing in both Longevity Health and Celularity 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 Longevity Health and Celularity into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Longevity Health Holdings, and Celularity, you can compare the effects of market volatilities on Longevity Health and Celularity 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 Longevity Health with a short position of Celularity. Check out your portfolio center. Please also check ongoing floating volatility patterns of Longevity Health and Celularity.
Diversification Opportunities for Longevity Health and Celularity
0.77 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Longevity and Celularity is 0.77. Overlapping area represents the amount of risk that can be diversified away by holding Longevity Health Holdings, and Celularity in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Celularity and Longevity Health 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 Longevity Health Holdings, are associated (or correlated) with Celularity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Celularity has no effect on the direction of Longevity Health i.e., Longevity Health and Celularity go up and down completely randomly.
Pair Corralation between Longevity Health and Celularity
Given the investment horizon of 90 days Longevity Health Holdings, is expected to under-perform the Celularity. In addition to that, Longevity Health is 1.54 times more volatile than Celularity. It trades about -0.24 of its total potential returns per unit of risk. Celularity is currently generating about -0.08 per unit of volatility. If you would invest 329.00 in Celularity on July 26, 2025 and sell it today you would lose (130.00) from holding Celularity or give up 39.51% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Longevity Health Holdings, vs. Celularity
Performance |
| Timeline |
| Longevity Health Hol |
| Celularity |
Longevity Health and Celularity Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Longevity Health and Celularity
The main advantage of trading using opposite Longevity Health and Celularity positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Longevity Health position performs unexpectedly, Celularity 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 Celularity will offset losses from the drop in Celularity's long position.| Longevity Health vs. Celularity | Longevity Health vs. ZyVersa Therapeutics | Longevity Health vs. Concord Medical Services | Longevity Health vs. Aditxt Inc |
| Celularity vs. Mersana Therapeutics | Celularity vs. Tempest Therapeutics | Celularity vs. INmune Bio | Celularity vs. Acrivon Therapeutics, Common |
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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