Two Equities Correlation Analysis

This model provides you with a quick lookup of cross correlation between two equities. Please specify two instruments to run the correlation.

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Diversification Opportunities for BIOLIGHT LIFE and DOW

BIOLIGHT LIFE SCI diversification synergy
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Pay attention - limited upside

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

Pair Corralation between BIOLIGHT LIFE and DOW

If you would invest  2,806,647  in DOW on January 24, 2020 and sell it today you would earn a total of  92,594  from holding DOW or generate 3.3% return on investment over 30 days.
Time Period3 Months [change]
ValuesDaily Returns


 Performance (%) 
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