Correlation Between Mednow and Bullfrog

Can any of the company-specific risk be diversified away by investing in both Mednow and Bullfrog 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 Mednow and Bullfrog into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Mednow Inc and Bullfrog AI Holdings,, you can compare the effects of market volatilities on Mednow and Bullfrog 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 Mednow with a short position of Bullfrog. Check out your portfolio center. Please also check ongoing floating volatility patterns of Mednow and Bullfrog.

Diversification Opportunities for Mednow and Bullfrog

0.0

Correlation Coefficient

Mednow  Bullfrog

Pay attention - limited upside

The 3 months correlation between Mednow and Bullfrog is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Mednow Inc and Bullfrog AI Holdings, in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Bullfrog AI Holdings, and Mednow 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 Mednow Inc are associated (or correlated) with Bullfrog. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bullfrog AI Holdings, has no effect on the direction of Mednow i.e., Mednow and Bullfrog go up and down completely randomly.

Pair Corralation between Mednow and Bullfrog

If you would invest  2.00  in Mednow Inc on December 29, 2024 and sell it today you would earn a total of  0.00  from holding Mednow Inc or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Mednow Inc  vs.  Bullfrog AI Holdings,

Mednow Inc

Risk-Adjusted Performance

Very Weak

Over the last 90 days Mednow Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Mednow is not utilizing all of its potentials. The recent stock price disturbance, may contribute to mid-run losses for the stockholders.

Bullfrog AI Holdings,

Risk-Adjusted Performance

Very Weak

Over the last 90 days Bullfrog AI Holdings, has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest inconsistent performance, the Stock's basic indicators remain stable and the current disturbance on Wall Street may also be a sign of long-run gains for the company stockholders.

Pair Trading with Mednow and Bullfrog

The main advantage of trading using opposite Mednow and Bullfrog positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Mednow position performs unexpectedly, Bullfrog 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 Bullfrog will offset losses from the drop in Bullfrog's long position.

The idea behind Mednow Inc and Bullfrog AI Holdings, pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.