Correlation Between Jushi Holdings and Vindicator Silver

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

By analyzing existing cross correlation between Jushi Holdings and Vindicator Silver Lead Mining, you can compare the effects of market volatilities on Jushi Holdings and Vindicator Silver 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 Jushi Holdings with a short position of Vindicator Silver. Check out your portfolio center. Please also check ongoing floating volatility patterns of Jushi Holdings and Vindicator Silver.

Diversification Opportunities for Jushi Holdings and Vindicator Silver

-0.11

Correlation Coefficient

Jushi Holdings  Vindicator Silver

Good diversification

The 3 months correlation between Jushi and Vindicator is -0.11. Overlapping area represents the amount of risk that can be diversified away by holding Jushi Holdings and Vindicator Silver Lead Mining in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Vindicator Silver Lead and Jushi Holdings 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 Jushi Holdings are associated (or correlated) with Vindicator Silver. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Vindicator Silver Lead has no effect on the direction of Jushi Holdings i.e., Jushi Holdings and Vindicator Silver go up and down completely randomly.

Pair Corralation between Jushi Holdings and Vindicator Silver

Assuming the 90 days horizon Jushi Holdings is expected to generate 2.15 times less return on investment than Vindicator Silver. But when comparing it to its historical volatility, Jushi Holdings is 3.29 times less risky than Vindicator Silver. It trades about 0.18 of its potential returns per unit of risk. Vindicator Silver Lead Mining is currently generating about 0.11 of returns per unit of risk over similar time horizon. If you would invest  8.00  in Vindicator Silver Lead Mining on July 15, 2025 and sell it today you would earn a total of  4.00  from holding Vindicator Silver Lead Mining or generate 50.0% return on investment over 90 days.

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

Jushi Holdings  vs.  Vindicator Silver Lead Mining

Jushi Holdings

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Jushi Holdings are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile technical indicators, Jushi Holdings reported solid returns over the last few months and may actually be approaching a breakup point.

Vindicator Silver Lead

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Vindicator Silver Lead Mining are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unfluctuating basic indicators, Vindicator Silver unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Jushi Holdings and Vindicator Silver

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

The idea behind Jushi Holdings and Vindicator Silver Lead Mining 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.