Correlation Between Inno Holdings and Jewett Cameron

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

By analyzing existing cross correlation between Inno Holdings Common and Jewett Cameron Trading, you can compare the effects of market volatilities on Inno Holdings and Jewett Cameron 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 Inno Holdings with a short position of Jewett Cameron. Check out your portfolio center. Please also check ongoing floating volatility patterns of Inno Holdings and Jewett Cameron.

Diversification Opportunities for Inno Holdings and Jewett Cameron

0.24

Correlation Coefficient

Inno Holdings  Jewett Cameron

Modest diversification

The 3 months correlation between Inno and Jewett is 0.24. Overlapping area represents the amount of risk that can be diversified away by holding Inno Holdings Common and Jewett Cameron Trading in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jewett Cameron Trading and Inno 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 Inno Holdings Common are associated (or correlated) with Jewett Cameron. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jewett Cameron Trading has no effect on the direction of Inno Holdings i.e., Inno Holdings and Jewett Cameron go up and down completely randomly.

Pair Corralation between Inno Holdings and Jewett Cameron

Given the investment horizon of 90 days Inno Holdings Common is expected to generate 17.06 times more return on investment than Jewett Cameron. However, Inno Holdings is 17.06 times more volatile than Jewett Cameron Trading. It trades about 0.08 of its potential returns per unit of risk. Jewett Cameron Trading is currently generating about -0.15 per unit of risk. If you would invest  121.00  in Inno Holdings Common on August 5, 2025 and sell it today you would lose (12.00) from holding Inno Holdings Common or give up 9.92% of portfolio value over 90 days.

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

Inno Holdings Common  vs.  Jewett Cameron Trading

Inno Holdings Common

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Inno Holdings Common are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady technical indicators, Inno Holdings exhibited solid returns over the last few months and may actually be approaching a breakup point.

Jewett Cameron Trading

Risk-Adjusted Performance

Weakest

Over the last 90 days Jewett Cameron Trading has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unfluctuating performance in the last few months, the Stock's basic indicators remain rather sound which may send shares a bit higher in December 2025. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders.

Pair Trading with Inno Holdings and Jewett Cameron

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

The idea behind Inno Holdings Common and Jewett Cameron Trading 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.

Check out your portfolio center.

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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..