Correlation Between Cyngn and Jamf Holding

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

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

Diversification Opportunities for Cyngn and Jamf Holding

-0.76

Correlation Coefficient

Cyngn  Jamf Holding

Pay attention - limited upside

The 3 months correlation between Cyngn and Jamf is -0.76. Overlapping area represents the amount of risk that can be diversified away by holding Cyngn Inc and Jamf Holding in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jamf Holding and Cyngn 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 Cyngn Inc are associated (or correlated) with Jamf Holding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jamf Holding has no effect on the direction of Cyngn i.e., Cyngn and Jamf Holding go up and down completely randomly.

Pair Corralation between Cyngn and Jamf Holding

Considering the 90-day investment horizon Cyngn Inc is expected to under-perform the Jamf Holding. In addition to that, Cyngn is 1.95 times more volatile than Jamf Holding. It trades about -0.1 of its total potential returns per unit of risk. Jamf Holding is currently generating about 0.21 per unit of volatility. If you would invest  912.00  in Jamf Holding on September 3, 2025 and sell it today you would earn a total of  384.00  from holding Jamf Holding or generate 42.11% return on investment over 90 days.

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

Cyngn Inc  vs.  Jamf Holding

Cyngn Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days Cyngn Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of uncertain performance in the last few months, the Stock's basic indicators remain very healthy which may send shares a bit higher in January 2026. The recent disarray may also be a sign of long period up-swing for the firm investors.

Jamf Holding

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Jamf Holding are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. Despite nearly unfluctuating primary indicators, Jamf Holding reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Cyngn and Jamf Holding

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

The idea behind Cyngn Inc and Jamf Holding 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.