Correlation Between PT Astra and Aclarion

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

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

Diversification Opportunities for PT Astra and Aclarion

-0.34

Correlation Coefficient

PT Astra  Aclarion

Very good diversification

The 3 months correlation between PTAIF and Aclarion is -0.34. Overlapping area represents the amount of risk that can be diversified away by holding PT Astra International and Aclarion in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Aclarion and PT Astra 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 PT Astra International are associated (or correlated) with Aclarion. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Aclarion has no effect on the direction of PT Astra i.e., PT Astra and Aclarion go up and down completely randomly.

Pair Corralation between PT Astra and Aclarion

Assuming the 90 days horizon PT Astra International is expected to under-perform the Aclarion. But the pink sheet apears to be less risky and, when comparing its historical volatility, PT Astra International is 7.22 times less risky than Aclarion. The pink sheet trades about -0.21 of its potential returns per unit of risk. The Aclarion is currently generating about 0.12 of returns per unit of risk over similar time horizon. If you would invest  710.00  in Aclarion on July 9, 2025 and sell it today you would earn a total of  79.50  from holding Aclarion or generate 11.2% return on investment over 90 days.

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

PT Astra International  vs.  Aclarion

PT Astra International

Risk-Adjusted Performance

Weakest

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

Aclarion

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Aclarion are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of very abnormal basic indicators, Aclarion may actually be approaching a critical reversion point that can send shares even higher in November 2025.

Pair Trading with PT Astra and Aclarion

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

The idea behind PT Astra International and Aclarion 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.