Correlation Between John B and Arrayit

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

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

Diversification Opportunities for John B and Arrayit

0.0

Correlation Coefficient

John B  Arrayit

Pay attention - limited upside

The 3 months correlation between John and Arrayit is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding John B Sanfilippo and Arrayit in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Arrayit and John B 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 John B Sanfilippo are associated (or correlated) with Arrayit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Arrayit has no effect on the direction of John B i.e., John B and Arrayit go up and down completely randomly.

Pair Corralation between John B and Arrayit

If you would invest  6,356  in John B Sanfilippo on June 21, 2025 and sell it today you would earn a total of  102.00  from holding John B Sanfilippo or generate 1.6% return on investment over 90 days.

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

John B Sanfilippo  vs.  Arrayit

John B Sanfilippo

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in John B Sanfilippo are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, John B is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors.

Arrayit

Risk-Adjusted Performance

Weakest

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

Pair Trading with John B and Arrayit

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

The idea behind John B Sanfilippo and Arrayit 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.