Correlation Between JINS HOLDINGS and Easterly Government

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

By analyzing existing cross correlation between JINS HOLDINGS INC and Easterly Government Properties, you can compare the effects of market volatilities on JINS HOLDINGS and Easterly Government 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 JINS HOLDINGS with a short position of Easterly Government. Check out your portfolio center. Please also check ongoing floating volatility patterns of JINS HOLDINGS and Easterly Government.

Diversification Opportunities for JINS HOLDINGS and Easterly Government

0.0

Correlation Coefficient

JINS HOLDINGS  Easterly Government

Pay attention - limited upside

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

Pair Corralation between JINS HOLDINGS and Easterly Government

If you would invest  1,761  in Easterly Government Properties on May 5, 2025 and sell it today you would earn a total of  149.00  from holding Easterly Government Properties or generate 8.46% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

JINS HOLDINGS INC  vs.  Easterly Government Properties

JINS HOLDINGS INC

Risk-Adjusted Performance

Very Weak

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

Easterly Government

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Easterly Government Properties are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Easterly Government may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with JINS HOLDINGS and Easterly Government

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

The idea behind JINS HOLDINGS INC and Easterly Government Properties 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.