Correlation Between Jasper Therapeutics and Repare Therapeutics

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

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

Diversification Opportunities for Jasper Therapeutics and Repare Therapeutics

-0.78

Correlation Coefficient

Jasper Therapeutics  Repare Therapeutics

Pay attention - limited upside

The 3 months correlation between Jasper and Repare is -0.78. Overlapping area represents the amount of risk that can be diversified away by holding Jasper Therapeutics and Repare Therapeutics in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Repare Therapeutics 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 Repare Therapeutics. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Repare Therapeutics has no effect on the direction of Jasper Therapeutics i.e., Jasper Therapeutics and Repare Therapeutics go up and down completely randomly.

Pair Corralation between Jasper Therapeutics and Repare Therapeutics

Given the investment horizon of 90 days Jasper Therapeutics is expected to under-perform the Repare Therapeutics. In addition to that, Jasper Therapeutics is 2.09 times more volatile than Repare Therapeutics. It trades about -0.11 of its total potential returns per unit of risk. Repare Therapeutics is currently generating about 0.14 per unit of volatility. If you would invest  152.00  in Repare Therapeutics on August 2, 2025 and sell it today you would earn a total of  25.00  from holding Repare Therapeutics or generate 16.45% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

Jasper Therapeutics  vs.  Repare Therapeutics

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 uncertain performance in the last few months, the Stock's basic indicators remain relatively invariable which may send shares a bit higher in December 2025. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors.

Repare Therapeutics

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Repare Therapeutics are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak basic indicators, Repare Therapeutics showed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Jasper Therapeutics and Repare Therapeutics

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

The idea behind Jasper Therapeutics and Repare Therapeutics 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.