Correlation Between EM and Jito Staked
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By analyzing existing cross correlation between EM and Jito Staked SOL, you can compare the effects of market volatilities on EM and Jito Staked 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 EM with a short position of Jito Staked. Check out your portfolio center. Please also check ongoing floating volatility patterns of EM and Jito Staked.
Diversification Opportunities for EM and Jito Staked
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between EM and Jito is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding EM and Jito Staked SOL in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jito Staked SOL and EM 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 EM are associated (or correlated) with Jito Staked. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jito Staked SOL has no effect on the direction of EM i.e., EM and Jito Staked go up and down completely randomly.
Pair Corralation between EM and Jito Staked
If you would invest 0.00 in Jito Staked SOL on May 31, 2025 and sell it today you would earn a total of 25,120 from holding Jito Staked SOL or generate 9.223372036854776E16% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
EM vs. Jito Staked SOL
Performance |
| Timeline |
| EM |
| Jito Staked SOL |
EM and Jito Staked Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with EM and Jito Staked
The main advantage of trading using opposite EM and Jito Staked positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if EM position performs unexpectedly, Jito Staked 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 Jito Staked will offset losses from the drop in Jito Staked's long position.The idea behind EM and Jito Staked SOL 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.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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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