Correlation Between Jungheinrich Aktiengesellscha and Power Solutions

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

By analyzing existing cross correlation between Jungheinrich Aktiengesellschaft and Power Solutions International,, you can compare the effects of market volatilities on Jungheinrich Aktiengesellscha and Power Solutions 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 Jungheinrich Aktiengesellscha with a short position of Power Solutions. Check out your portfolio center. Please also check ongoing floating volatility patterns of Jungheinrich Aktiengesellscha and Power Solutions.

Diversification Opportunities for Jungheinrich Aktiengesellscha and Power Solutions

0.0

Correlation Coefficient

Jungheinrich Aktiengesellscha  Power Solutions

Pay attention - limited upside

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

Pair Corralation between Jungheinrich Aktiengesellscha and Power Solutions

If you would invest  3,384  in Jungheinrich Aktiengesellschaft on September 8, 2025 and sell it today you would earn a total of  0.00  from holding Jungheinrich Aktiengesellschaft or generate 0.0% return on investment over 90 days.

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

Jungheinrich Aktiengesellschaf  vs.  Power Solutions International,

Jungheinrich Aktiengesellscha

Risk-Adjusted Performance

Weakest

Over the last 90 days Jungheinrich Aktiengesellschaft has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Jungheinrich Aktiengesellscha is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Power Solutions Inte

Risk-Adjusted Performance

Weakest

Over the last 90 days Power Solutions International, has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's forward indicators remain fairly strong which may send shares a bit higher in January 2026. The current disturbance may also be a sign of long term up-swing for the company investors.

Pair Trading with Jungheinrich Aktiengesellscha and Power Solutions

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

The idea behind Jungheinrich Aktiengesellschaft and Power Solutions International, 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.