Correlation Between Jammin Java and Metrospaces

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

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

Diversification Opportunities for Jammin Java and Metrospaces

0.06

Correlation Coefficient

Jammin Java  Metrospaces

Significant diversification

The 3 months correlation between Jammin and Metrospaces is 0.06. Overlapping area represents the amount of risk that can be diversified away by holding Jammin Java Corp and Metrospaces in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Metrospaces and Jammin Java 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 Jammin Java Corp are associated (or correlated) with Metrospaces. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Metrospaces has no effect on the direction of Jammin Java i.e., Jammin Java and Metrospaces go up and down completely randomly.

Pair Corralation between Jammin Java and Metrospaces

Given the investment horizon of 90 days Jammin Java Corp is expected to under-perform the Metrospaces. But the pink sheet apears to be less risky and, when comparing its historical volatility, Jammin Java Corp is 25.56 times less risky than Metrospaces. The pink sheet trades about -0.13 of its potential returns per unit of risk. The Metrospaces is currently generating about 0.31 of returns per unit of risk over similar time horizon. If you would invest  0.01  in Metrospaces on May 13, 2025 and sell it today you would earn a total of  0.00  from holding Metrospaces or generate 0.0% return on investment over 90 days.

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

Jammin Java Corp  vs.  Metrospaces

Jammin Java Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days Jammin Java Corp 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 primary indicators remain very healthy which may send shares a bit higher in September 2025. The recent disarray may also be a sign of long period up-swing for the firm investors.

Metrospaces

Risk-Adjusted Performance

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in Metrospaces are ranked lower than 24 (%) of all global equities and portfolios over the last 90 days. In spite of rather unfluctuating basic indicators, Metrospaces exhibited solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Jammin Java and Metrospaces

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

The idea behind Jammin Java Corp and Metrospaces 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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.