Aclarion Correlations
| ACON Stock | USD 7.12 0.29 3.91% |
The current 90-days correlation between Aclarion and Aclarion is -0.22 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aclarion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aclarion moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Aclarion Correlation With Market
Average diversification
The correlation between Aclarion and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aclarion and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Aclarion Stock
Moving against Aclarion Stock
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| 0.4 | LH | Laboratory Earnings Call This Week | PairCorr |
| 0.34 | OM | Outset Medical | PairCorr |
| 0.52 | EDAP | EDAP TMS SA | PairCorr |
| 0.43 | EHAB | Enhabit | PairCorr |
| 0.42 | MBOT | Microbot Medical | PairCorr |
| 0.36 | ENSG | Ensign Group Earnings Call This Week | PairCorr |
| 0.33 | ABT | Abbott Laboratories | PairCorr |
| 0.59 | NEUE | NeueHealth | PairCorr |
| 0.45 | NAKA | Kindly MD, Symbol Change | PairCorr |
| 0.35 | NEOG | Neogen | PairCorr |
| 0.31 | MHUA | Meihua International | PairCorr |
Related Correlations Analysis
| 0.43 | 0.37 | 0.54 | 0.14 | 0.49 | 0.5 | ACONW | ||
| 0.43 | 0.46 | 0.3 | -0.05 | 0.32 | 0.48 | MGRX | ||
| 0.37 | 0.46 | 0.72 | 0.44 | 0.0 | 0.17 | HTCR | ||
| 0.54 | 0.3 | 0.72 | 0.7 | 0.14 | 0.39 | INAB | ||
| 0.14 | -0.05 | 0.44 | 0.7 | -0.06 | 0.17 | DRMA | ||
| 0.49 | 0.32 | 0.0 | 0.14 | -0.06 | 0.58 | STSS | ||
| 0.5 | 0.48 | 0.17 | 0.39 | 0.17 | 0.58 | WLDS | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Aclarion Stock performing well and Aclarion Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Aclarion's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ACONW | 9.47 | 0.69 | 0.02 | (0.15) | 10.21 | 20.46 | 83.55 | |||
| MGRX | 5.31 | 0.21 | (0.01) | (0.10) | 5.93 | 11.83 | 36.19 | |||
| HTCR | 4.44 | (0.45) | 0.00 | (0.16) | 0.00 | 9.30 | 41.87 | |||
| INAB | 3.91 | (1.15) | 0.00 | (1.02) | 0.00 | 7.75 | 41.97 | |||
| DRMA | 3.23 | (0.36) | 0.00 | (0.30) | 0.00 | 8.47 | 22.00 | |||
| STSS | 5.58 | (0.65) | 0.00 | 2.28 | 0.00 | 8.58 | 76.96 | |||
| WLDS | 5.60 | (0.04) | (0.01) | 0.08 | 7.30 | 12.68 | 68.86 |