Correlation Analysis Between JACQUET METAL and Apple

This module allows you to analyze existing cross correlation between JACQUET METAL SCE and Apple. You can compare the effects of market volatilities on JACQUET METAL and Apple 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 JACQUET METAL with a short position of Apple. See also your portfolio center. Please also check ongoing floating volatility patterns of JACQUET METAL and Apple.
Horizon     30 Days    Login   to change
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Comparative Performance

JACQUET METAL SCE  
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Risk-Adjusted Performance

Over the last 30 days JACQUET METAL SCE has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, JACQUET METAL is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Apple  
77

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Apple are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days. Even with considerably conflicting technical indicators, Apple may actually be approaching a critical reversion point that can send shares even higher in October 2019.

JACQUET METAL and Apple Volatility Contrast

JACQUET METAL SCE  vs.  Apple Inc

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  19,802  in Apple on August 20, 2019 and sell it today you would earn a total of  2,113  from holding Apple or generate 10.67% return on investment over 30 days.

Pair Corralation between JACQUET METAL and Apple

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Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for JACQUET METAL and Apple

JACQUET METAL SCE diversification synergy

Pay attention

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

JACQUET METAL SCE

Pair trading matchups for JACQUET METAL

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