Correlation Between Viewbix Common and JetAI

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

By analyzing existing cross correlation between Viewbix Common Stock and JetAI Inc, you can compare the effects of market volatilities on Viewbix Common and JetAI 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 Viewbix Common with a short position of JetAI. Check out your portfolio center. Please also check ongoing floating volatility patterns of Viewbix Common and JetAI.

Diversification Opportunities for Viewbix Common and JetAI

0.62

Correlation Coefficient

Viewbix Common  JetAI

Poor diversification

The 3 months correlation between Viewbix and JetAI is 0.62. Overlapping area represents the amount of risk that can be diversified away by holding Viewbix Common Stock and JetAI Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on JetAI Inc and Viewbix Common 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 Viewbix Common Stock are associated (or correlated) with JetAI. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of JetAI Inc has no effect on the direction of Viewbix Common i.e., Viewbix Common and JetAI go up and down completely randomly.

Pair Corralation between Viewbix Common and JetAI

Given the investment horizon of 90 days Viewbix Common Stock is expected to generate 2.38 times more return on investment than JetAI. However, Viewbix Common is 2.38 times more volatile than JetAI Inc. It trades about -0.03 of its potential returns per unit of risk. JetAI Inc is currently generating about -0.07 per unit of risk. If you would invest  520.00  in Viewbix Common Stock on May 21, 2025 and sell it today you would lose (165.00) from holding Viewbix Common Stock or give up 31.73% of portfolio value over 90 days.

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

Viewbix Common Stock  vs.  JetAI Inc

Viewbix Common Stock

Risk-Adjusted Performance

Weakest

Over the last 90 days Viewbix Common Stock 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 forward indicators remain fairly strong which may send shares a bit higher in September 2025. The current disturbance may also be a sign of long term up-swing for the company investors.

JetAI Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days JetAI Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in September 2025. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

Pair Trading with Viewbix Common and JetAI

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

The idea behind Viewbix Common Stock and JetAI Inc 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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.