Correlation Between JBS NV and Integral

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

By analyzing existing cross correlation between JBS NV and Integral Ad Science, you can compare the effects of market volatilities on JBS NV and Integral 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 JBS NV with a short position of Integral. Check out your portfolio center. Please also check ongoing floating volatility patterns of JBS NV and Integral.

Diversification Opportunities for JBS NV and Integral

0.35

Correlation Coefficient

JBS NV  Integral

Weak diversification

The 3 months correlation between JBS and Integral is 0.35. Overlapping area represents the amount of risk that can be diversified away by holding JBS NV and Integral Ad Science in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Integral Ad Science and JBS NV 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 JBS NV are associated (or correlated) with Integral. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Integral Ad Science has no effect on the direction of JBS NV i.e., JBS NV and Integral go up and down completely randomly.

Pair Corralation between JBS NV and Integral

Considering the 90-day investment horizon JBS NV is expected to generate 3.15 times less return on investment than Integral. But when comparing it to its historical volatility, JBS NV is 2.08 times less risky than Integral. It trades about 0.07 of its potential returns per unit of risk. Integral Ad Science is currently generating about 0.1 of returns per unit of risk over similar time horizon. If you would invest  838.00  in Integral Ad Science on July 5, 2025 and sell it today you would earn a total of  180.00  from holding Integral Ad Science or generate 21.48% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	98.44%
Values	Daily Returns

JBS NV  vs.  Integral Ad Science

JBS NV

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in JBS NV are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unsteady fundamental drivers, JBS NV may actually be approaching a critical reversion point that can send shares even higher in November 2025.

Integral Ad Science

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Integral Ad Science are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively fragile basic indicators, Integral unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with JBS NV and Integral

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

The idea behind JBS NV and Integral Ad Science 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.