Correlation Between Jamf Holding and Nextplat Corp

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

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

Diversification Opportunities for Jamf Holding and Nextplat Corp

0.57

Correlation Coefficient

Jamf Holding  Nextplat Corp

Very weak diversification

The 3 months correlation between Jamf and Nextplat is 0.57. Overlapping area represents the amount of risk that can be diversified away by holding Jamf Holding and Nextplat Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Nextplat Corp 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 Nextplat Corp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Nextplat Corp has no effect on the direction of Jamf Holding i.e., Jamf Holding and Nextplat Corp go up and down completely randomly.

Pair Corralation between Jamf Holding and Nextplat Corp

Given the investment horizon of 90 days Jamf Holding is expected to generate 0.56 times more return on investment than Nextplat Corp. However, Jamf Holding is 1.8 times less risky than Nextplat Corp. It trades about 0.23 of its potential returns per unit of risk. Nextplat Corp is currently generating about 0.05 per unit of risk. If you would invest  847.00  in Jamf Holding on August 14, 2025 and sell it today you would earn a total of  441.00  from holding Jamf Holding or generate 52.07% return on investment over 90 days.

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

Jamf Holding  vs.  Nextplat Corp

Jamf Holding

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Jamf Holding are ranked lower than 18 (%) of all global equities and portfolios over the last 90 days. Despite nearly unsteady primary indicators, Jamf Holding reported solid returns over the last few months and may actually be approaching a breakup point.

Nextplat Corp

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Nextplat Corp are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite quite fragile basic indicators, Nextplat Corp disclosed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Jamf Holding and Nextplat Corp

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

The idea behind Jamf Holding and Nextplat Corp 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.