Correlation Between Boqii Holding and Jeffs Brands
Can any of the company-specific risk be diversified away by investing in both Boqii Holding and Jeffs Brands 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 Boqii Holding and Jeffs Brands into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Boqii Holding Limited and Jeffs Brands, you can compare the effects of market volatilities on Boqii Holding and Jeffs Brands 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 Boqii Holding with a short position of Jeffs Brands. Check out your portfolio center. Please also check ongoing floating volatility patterns of Boqii Holding and Jeffs Brands.
Diversification Opportunities for Boqii Holding and Jeffs Brands
0.33 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Boqii and Jeffs is 0.33. Overlapping area represents the amount of risk that can be diversified away by holding Boqii Holding Limited and Jeffs Brands in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jeffs Brands and Boqii Holding 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 Boqii Holding Limited are associated (or correlated) with Jeffs Brands. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jeffs Brands has no effect on the direction of Boqii Holding i.e., Boqii Holding and Jeffs Brands go up and down completely randomly.
Pair Corralation between Boqii Holding and Jeffs Brands
Allowing for the 90-day total investment horizon Boqii Holding Limited is expected to generate 5.86 times more return on investment than Jeffs Brands. However, Boqii Holding is 5.86 times more volatile than Jeffs Brands. It trades about 0.1 of its potential returns per unit of risk. Jeffs Brands is currently generating about -0.22 per unit of risk. If you would invest 273.00 in Boqii Holding Limited on August 31, 2025 and sell it today you would lose (51.00) from holding Boqii Holding Limited or give up 18.68% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Boqii Holding Limited vs. Jeffs Brands
Performance |
| Timeline |
| Boqii Holding Limited |
| Jeffs Brands |
Boqii Holding and Jeffs Brands Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Boqii Holding and Jeffs Brands
The main advantage of trading using opposite Boqii Holding and Jeffs Brands positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Boqii Holding position performs unexpectedly, Jeffs Brands 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 Jeffs Brands will offset losses from the drop in Jeffs Brands' long position.| Boqii Holding vs. Gladstone Investment | Boqii Holding vs. Delaware Investments Florida | Boqii Holding vs. Logansport Financial Corp | Boqii Holding vs. JD Sports Fashion |
| Jeffs Brands vs. Baristas Coffee | Jeffs Brands vs. Luckin Coffee | Jeffs Brands vs. Ironstone Group | Jeffs Brands vs. Coffee Holding Co |
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 Stocks Directory module to find actively traded stocks across global markets.
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