Correlation Between Jfrog and VENTAS
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By analyzing existing cross correlation between Jfrog and VENTAS RLTY LTD, you can compare the effects of market volatilities on Jfrog and VENTAS 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 Jfrog with a short position of VENTAS. Check out your portfolio center. Please also check ongoing floating volatility patterns of Jfrog and VENTAS.
Diversification Opportunities for Jfrog and VENTAS
Good diversification
The 3 months correlation between Jfrog and VENTAS is -0.1. Overlapping area represents the amount of risk that can be diversified away by holding Jfrog and VENTAS RLTY LTD in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on VENTAS RLTY LTD and Jfrog 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 Jfrog are associated (or correlated) with VENTAS. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of VENTAS RLTY LTD has no effect on the direction of Jfrog i.e., Jfrog and VENTAS go up and down completely randomly.
Pair Corralation between Jfrog and VENTAS
Given the investment horizon of 90 days Jfrog is expected to generate 1.77 times more return on investment than VENTAS. However, Jfrog is 1.77 times more volatile than VENTAS RLTY LTD. It trades about 0.24 of its potential returns per unit of risk. VENTAS RLTY LTD is currently generating about -0.22 per unit of risk. If you would invest 3,017 in Jfrog on October 24, 2024 and sell it today you would earn a total of 258.00 from holding Jfrog or generate 8.55% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Jfrog vs. VENTAS RLTY LTD
Performance |
| Timeline |
| Jfrog |
| VENTAS RLTY LTD |
Jfrog and VENTAS Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Jfrog and VENTAS
The main advantage of trading using opposite Jfrog and VENTAS positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Jfrog position performs unexpectedly, VENTAS 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 VENTAS will offset losses from the drop in VENTAS's long position.The idea behind Jfrog and VENTAS RLTY LTD 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.| VENTAS vs. Kilroy Realty Corp | VENTAS vs. Franklin Street Properties | VENTAS vs. NETGEAR | VENTAS vs. Eddy Smart Home |
Check out your portfolio center.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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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