Correlation Between Jito Staked and Dow Jones
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By analyzing existing cross correlation between Jito Staked SOL and Dow Jones Industrial, you can compare the effects of market volatilities on Jito Staked and Dow Jones 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 Jito Staked with a short position of Dow Jones. Check out your portfolio center. Please also check ongoing floating volatility patterns of Jito Staked and Dow Jones.
Diversification Opportunities for Jito Staked and Dow Jones
0.58 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Jito and Dow is 0.58. Overlapping area represents the amount of risk that can be diversified away by holding Jito Staked SOL and Dow Jones Industrial in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Dow Jones Industrial and Jito Staked 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 Jito Staked SOL are associated (or correlated) with Dow Jones. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Dow Jones Industrial has no effect on the direction of Jito Staked i.e., Jito Staked and Dow Jones go up and down completely randomly.
Pair Corralation between Jito Staked and Dow Jones
Assuming the 90 days trading horizon Jito Staked SOL is expected to generate 258.06 times more return on investment than Dow Jones. However, Jito Staked is 258.06 times more volatile than Dow Jones Industrial. It trades about 0.17 of its potential returns per unit of risk. Dow Jones Industrial is currently generating about 0.17 per unit of risk. If you would invest 0.00 in Jito Staked SOL on May 21, 2025 and sell it today you would earn a total of 22,679 from holding Jito Staked SOL or generate 9.223372036854776E16% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Weak |
Accuracy | 95.31% |
Values | Daily Returns |
Jito Staked SOL vs. Dow Jones Industrial
Performance |
Timeline |
Jito Staked and Dow Jones Volatility Contrast
Predicted Return Density |
Returns |
Jito Staked SOL
Pair trading matchups for Jito Staked
Dow Jones Industrial
Pair trading matchups for Dow Jones
Pair Trading with Jito Staked and Dow Jones
The main advantage of trading using opposite Jito Staked and Dow Jones positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Jito Staked position performs unexpectedly, Dow Jones 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 Dow Jones will offset losses from the drop in Dow Jones' long position.The idea behind Jito Staked SOL and Dow Jones Industrial 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.Dow Jones vs. Dine Brands Global | Dow Jones vs. Rave Restaurant Group | Dow Jones vs. Texas Roadhouse | Dow Jones vs. McDonalds |
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 Transaction History module to view history of all your transactions and understand their impact on performance.
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