Correlation Between Ethena and Jito Staked
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By analyzing existing cross correlation between Ethena and Jito Staked SOL, you can compare the effects of market volatilities on Ethena 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 Ethena with a short position of Jito Staked. Check out your portfolio center. Please also check ongoing floating volatility patterns of Ethena and Jito Staked.
Diversification Opportunities for Ethena and Jito Staked
0.66 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Ethena and Jito is 0.66. Overlapping area represents the amount of risk that can be diversified away by holding Ethena 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 Ethena 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 Ethena 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 Ethena i.e., Ethena and Jito Staked go up and down completely randomly.
Pair Corralation between Ethena and Jito Staked
Assuming the 90 days trading horizon Ethena is expected to generate 22.46 times less return on investment than Jito Staked. But when comparing it to its historical volatility, Ethena is 20.5 times less risky than Jito Staked. It trades about 0.16 of its potential returns per unit of risk. Jito Staked SOL is currently generating about 0.17 of returns per unit of risk over similar time horizon. If you would invest 0.00 in Jito Staked SOL on June 1, 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 | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Ethena vs. Jito Staked SOL
Performance |
| Timeline |
| Ethena |
| Jito Staked SOL |
Ethena and Jito Staked Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Ethena and Jito Staked
The main advantage of trading using opposite Ethena and Jito Staked positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Ethena 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 Ethena 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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