Correlation Between Jasper Therapeutics and SportsHero

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

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

Diversification Opportunities for Jasper Therapeutics and SportsHero

0.0

Correlation Coefficient

Jasper Therapeutics  SportsHero

Pay attention - limited upside

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

Pair Corralation between Jasper Therapeutics and SportsHero

If you would invest  1.78  in SportsHero Limited on September 10, 2025 and sell it today you would earn a total of  0.00  from holding SportsHero Limited or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	95.24%
Values	Daily Returns

Jasper Therapeutics  vs.  SportsHero Limited

Jasper Therapeutics

Risk-Adjusted Performance

Weakest

Over the last 90 days Jasper Therapeutics has generated negative risk-adjusted returns adding no value to investors with long positions. Even with weak performance in the last few months, the Stock's basic indicators remain relatively invariable which may send shares a bit higher in January 2026. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

SportsHero Limited

Risk-Adjusted Performance

Weakest

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

Pair Trading with Jasper Therapeutics and SportsHero

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

The idea behind Jasper Therapeutics and SportsHero Limited 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.