Correlation Between Jackson Square and Saat Market
Can any of the company-specific risk be diversified away by investing in both Jackson Square and Saat Market 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 Jackson Square and Saat Market into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Jackson Square Smid Cap and Saat Market Growth, you can compare the effects of market volatilities on Jackson Square and Saat Market 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 Jackson Square with a short position of Saat Market. Check out your portfolio center. Please also check ongoing floating volatility patterns of Jackson Square and Saat Market.
Diversification Opportunities for Jackson Square and Saat Market
0.51 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Jackson and Saat is 0.51. Overlapping area represents the amount of risk that can be diversified away by holding Jackson Square Smid Cap and Saat Market Growth in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Saat Market Growth and Jackson Square 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 Jackson Square Smid Cap are associated (or correlated) with Saat Market. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Saat Market Growth has no effect on the direction of Jackson Square i.e., Jackson Square and Saat Market go up and down completely randomly.
Pair Corralation between Jackson Square and Saat Market
Assuming the 90 days horizon Jackson Square Smid Cap is expected to generate 1.72 times more return on investment than Saat Market. However, Jackson Square is 1.72 times more volatile than Saat Market Growth. It trades about 0.12 of its potential returns per unit of risk. Saat Market Growth is currently generating about 0.12 per unit of risk. If you would invest 1,852 in Jackson Square Smid Cap on August 30, 2025 and sell it today you would earn a total of 141.00 from holding Jackson Square Smid Cap or generate 7.61% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Jackson Square Smid Cap vs. Saat Market Growth
Performance |
| Timeline |
| Jackson Square Smid |
| Saat Market Growth |
Jackson Square and Saat Market Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Jackson Square and Saat Market
The main advantage of trading using opposite Jackson Square and Saat Market positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Jackson Square position performs unexpectedly, Saat Market 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 Saat Market will offset losses from the drop in Saat Market's long position.| Jackson Square vs. Hartford Healthcare Hls | Jackson Square vs. Lord Abbett Health | Jackson Square vs. Putnam Global Health | Jackson Square vs. Live Oak Health |
| Saat Market vs. Federated Short Term Income | Saat Market vs. Fidelity Short Term Treasury | Saat Market vs. Short Intermediate Bond Fund | Saat Market vs. Cmg Ultra Short |
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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
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