Correlation Between Jamf Holding and Agree Realty

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

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

Diversification Opportunities for Jamf Holding and Agree Realty

0.63

Correlation Coefficient

Jamf Holding  Agree Realty

Poor diversification

The 3 months correlation between Jamf and Agree is 0.63. Overlapping area represents the amount of risk that can be diversified away by holding Jamf Holding and Agree Realty in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Agree Realty and Jamf Holding 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 Jamf Holding are associated (or correlated) with Agree Realty. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Agree Realty has no effect on the direction of Jamf Holding i.e., Jamf Holding and Agree Realty go up and down completely randomly.

Pair Corralation between Jamf Holding and Agree Realty

Given the investment horizon of 90 days Jamf Holding is expected to under-perform the Agree Realty. In addition to that, Jamf Holding is 2.23 times more volatile than Agree Realty. It trades about -0.24 of its total potential returns per unit of risk. Agree Realty is currently generating about -0.06 per unit of volatility. If you would invest  7,583  in Agree Realty on May 2, 2025 and sell it today you would lose (328.00) from holding Agree Realty or give up 4.33% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	98.39%
Values	Daily Returns

Jamf Holding  vs.  Agree Realty

Jamf Holding

Risk-Adjusted Performance

Very Weak

Over the last 90 days Jamf Holding has generated negative risk-adjusted returns adding no value to investors with long positions. Despite unfluctuating performance in the last few months, the Etf's primary indicators remain nearly stable which may send shares a bit higher in August 2025. The current disturbance may also be a sign of long-run up-swing for the Exchange Traded Fund stockholders.

Agree Realty

Risk-Adjusted Performance

Very Weak

Over the last 90 days Agree Realty has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental indicators, Agree Realty is not utilizing all of its potentials. The recent stock price tumult, may contribute to shorter-term losses for the shareholders.

Pair Trading with Jamf Holding and Agree Realty

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

The idea behind Jamf Holding and Agree Realty 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.