Correlation Between Juniper Networks and Internet Fund

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

By analyzing existing cross correlation between Juniper Networks and Internet Fund Class, you can compare the effects of market volatilities on Juniper Networks and Internet Fund 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 Juniper Networks with a short position of Internet Fund. Check out your portfolio center. Please also check ongoing floating volatility patterns of Juniper Networks and Internet Fund.

Diversification Opportunities for Juniper Networks and Internet Fund

0.6

Correlation Coefficient

Juniper Networks  Internet Fund

Poor diversification

The 3 months correlation between Juniper and Internet is 0.6. Overlapping area represents the amount of risk that can be diversified away by holding Juniper Networks and Internet Fund Class in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Internet Fund Class and Juniper Networks 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 Juniper Networks are associated (or correlated) with Internet Fund. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Internet Fund Class has no effect on the direction of Juniper Networks i.e., Juniper Networks and Internet Fund go up and down completely randomly.

Pair Corralation between Juniper Networks and Internet Fund

If you would invest  11,097  in Internet Fund Class on August 4, 2025 and sell it today you would earn a total of  1,102  from holding Internet Fund Class or generate 9.93% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	1.54%
Values	Daily Returns

Juniper Networks  vs.  Internet Fund Class

Juniper Networks

Risk-Adjusted Performance

Weakest

Over the last 90 days Juniper Networks has generated negative risk-adjusted returns adding no value to investors with long positions. Even with relatively invariable basic indicators, Juniper Networks is not utilizing all of its potentials. The recent stock price agitation, may contribute to short-term losses for the retail investors.

Internet Fund Class

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Internet Fund Class are ranked lower than 11 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak fundamental indicators, Internet Fund may actually be approaching a critical reversion point that can send shares even higher in December 2025.

Pair Trading with Juniper Networks and Internet Fund

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

The idea behind Juniper Networks and Internet Fund Class 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.