Correlation Between Cantor Equity and JBS NV

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

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

Diversification Opportunities for Cantor Equity and JBS NV

0.0

Correlation Coefficient

Cantor Equity  JBS NV

Pay attention - limited upside

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

Pair Corralation between Cantor Equity and JBS NV

Considering the 90-day investment horizon Cantor Equity Partners, is expected to under-perform the JBS NV. In addition to that, Cantor Equity is 3.24 times more volatile than JBS NV. It trades about -0.02 of its total potential returns per unit of risk. JBS NV is currently generating about 0.0 per unit of volatility. If you would invest  1,405  in JBS NV on May 17, 2025 and sell it today you would lose (16.00) from holding JBS NV or give up 1.14% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	74.19%
Values	Daily Returns

Cantor Equity Partners,  vs.  JBS NV

Cantor Equity Partners,

Risk-Adjusted Performance

Weakest

Over the last 90 days Cantor Equity Partners, has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest conflicting performance, the Stock's technical and fundamental indicators remain invariable and the latest agitation on Wall Street may also be a sign of long-running gains for the enterprise retail investors.

JBS NV

Risk-Adjusted Performance

Weakest

Over the last 90 days JBS NV has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable fundamental drivers, JBS NV is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with Cantor Equity and JBS NV

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

The idea behind Cantor Equity Partners, and JBS NV 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .