Correlation Between Jianzhi Education and JBS NV

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

By analyzing existing cross correlation between Jianzhi Education Technology and JBS NV, you can compare the effects of market volatilities on Jianzhi Education and JBS NV 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 Jianzhi Education with a short position of JBS NV. Check out your portfolio center. Please also check ongoing floating volatility patterns of Jianzhi Education and JBS NV.

Diversification Opportunities for Jianzhi Education and JBS NV

-0.44

Correlation Coefficient

Jianzhi Education  JBS NV

Very good diversification

The 3 months correlation between Jianzhi and JBS is -0.44. Overlapping area represents the amount of risk that can be diversified away by holding Jianzhi Education Technology and JBS NV in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on JBS NV and Jianzhi Education 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 Jianzhi Education Technology are associated (or correlated) with JBS NV. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of JBS NV has no effect on the direction of Jianzhi Education i.e., Jianzhi Education and JBS NV go up and down completely randomly.

Pair Corralation between Jianzhi Education and JBS NV

Allowing for the 90-day total investment horizon Jianzhi Education Technology is expected to under-perform the JBS NV. In addition to that, Jianzhi Education is 2.92 times more volatile than JBS NV. It trades about -0.26 of its total potential returns per unit of risk. JBS NV is currently generating about -0.07 per unit of volatility. If you would invest  1,405  in JBS NV on April 24, 2025 and sell it today you would lose (86.00) from holding JBS NV or give up 6.12% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	45.9%
Values	Daily Returns

Jianzhi Education Technology  vs.  JBS NV

Jianzhi Education

Risk-Adjusted Performance

Very Weak

Over the last 90 days Jianzhi Education Technology has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of inconsistent performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in August 2025. The current disturbance may also be a sign of long term up-swing for the company investors.

JBS NV

Risk-Adjusted Performance

Very Weak

Over the last 90 days JBS NV has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Stock's fundamental drivers remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors.

Pair Trading with Jianzhi Education and JBS NV

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

The idea behind Jianzhi Education Technology and JBS NV 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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..