Correlation Between Joint Corp and Contextlogic

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

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

Diversification Opportunities for Joint Corp and Contextlogic

0.19

Correlation Coefficient

Joint Corp  Contextlogic

Average diversification

The 3 months correlation between Joint and Contextlogic is 0.19. Overlapping area represents the amount of risk that can be diversified away by holding The Joint Corp and Contextlogic in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Contextlogic and Joint Corp 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 The Joint Corp are associated (or correlated) with Contextlogic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Contextlogic has no effect on the direction of Joint Corp i.e., Joint Corp and Contextlogic go up and down completely randomly.

Pair Corralation between Joint Corp and Contextlogic

Given the investment horizon of 90 days The Joint Corp is expected to generate 0.72 times more return on investment than Contextlogic. However, The Joint Corp is 1.38 times less risky than Contextlogic. It trades about 0.05 of its potential returns per unit of risk. Contextlogic is currently generating about -0.01 per unit of risk. If you would invest  1,009  in The Joint Corp on May 13, 2025 and sell it today you would earn a total of  71.00  from holding The Joint Corp or generate 7.04% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Insignificant
Accuracy	44.44%
Values	Daily Returns

The Joint Corp  vs.  Contextlogic

Joint Corp

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in The Joint Corp are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively inconsistent basic indicators, Joint Corp may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Contextlogic

Risk-Adjusted Performance

Weakest

Over the last 90 days Contextlogic has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound technical and fundamental indicators, Contextlogic is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders.

Pair Trading with Joint Corp and Contextlogic

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

The idea behind The Joint Corp and Contextlogic 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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.