Correlation Between Acconeer and BIMobject

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

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

Diversification Opportunities for Acconeer and BIMobject

-0.91

Correlation Coefficient

Acconeer  BIMobject

Pay attention - limited upside

The 3 months correlation between Acconeer and BIMobject is -0.91. Overlapping area represents the amount of risk that can be diversified away by holding Acconeer AB and BIMobject AB in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BIMobject AB and Acconeer 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 Acconeer AB are associated (or correlated) with BIMobject. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BIMobject AB has no effect on the direction of Acconeer i.e., Acconeer and BIMobject go up and down completely randomly.

Pair Corralation between Acconeer and BIMobject

Assuming the 90 days trading horizon Acconeer AB is expected to generate 2.49 times more return on investment than BIMobject. However, Acconeer is 2.49 times more volatile than BIMobject AB. It trades about 0.29 of its potential returns per unit of risk. BIMobject AB is currently generating about -0.18 per unit of risk. If you would invest  510.00  in Acconeer AB on October 9, 2025 and sell it today you would earn a total of  762.00  from holding Acconeer AB or generate 149.41% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

Acconeer AB  vs.  BIMobject AB

Acconeer AB

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Acconeer AB are ranked lower than 23 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, Acconeer unveiled solid returns over the last few months and may actually be approaching a breakup point.

BIMobject AB

Risk-Adjusted Performance

Weakest

Over the last 90 days BIMobject AB has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's primary indicators remain comparatively stable which may send shares a bit higher in February 2026. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Pair Trading with Acconeer and BIMobject

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

The idea behind Acconeer AB and BIMobject AB 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.