Correlation Between Cleantech Power and JBS NV

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

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

Diversification Opportunities for Cleantech Power and JBS NV

0.0

Correlation Coefficient

Cleantech Power  JBS NV

Pay attention - limited upside

The 3 months correlation between Cleantech and JBS is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Cleantech Power Corp and JBS NV in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on JBS NV and Cleantech Power 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 Cleantech Power Corp 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 Cleantech Power i.e., Cleantech Power and JBS NV go up and down completely randomly.

Pair Corralation between Cleantech Power and JBS NV

If you would invest  1,405  in JBS NV on May 26, 2025 and sell it today you would earn a total of  132.00  from holding JBS NV or generate 9.4% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	82.54%
Values	Daily Returns

Cleantech Power Corp  vs.  JBS NV

Cleantech Power Corp

Risk-Adjusted Performance

Weakest

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

JBS NV

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in JBS NV are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unsteady fundamental drivers, JBS NV may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Pair Trading with Cleantech Power and JBS NV

The main advantage of trading using opposite Cleantech Power and JBS NV positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Cleantech Power 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 Cleantech Power Corp 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.