Correlation Between Frequency Electronics and Jewett Cameron
Can any of the company-specific risk be diversified away by investing in both Frequency Electronics and Jewett Cameron 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 Frequency Electronics and Jewett Cameron into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Frequency Electronics and Jewett Cameron Trading, you can compare the effects of market volatilities on Frequency Electronics and Jewett Cameron 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 Frequency Electronics with a short position of Jewett Cameron. Check out your portfolio center. Please also check ongoing floating volatility patterns of Frequency Electronics and Jewett Cameron.
Diversification Opportunities for Frequency Electronics and Jewett Cameron
-0.23 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Frequency and Jewett is -0.23. Overlapping area represents the amount of risk that can be diversified away by holding Frequency Electronics and Jewett Cameron Trading in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jewett Cameron Trading and Frequency Electronics 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 Frequency Electronics are associated (or correlated) with Jewett Cameron. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jewett Cameron Trading has no effect on the direction of Frequency Electronics i.e., Frequency Electronics and Jewett Cameron go up and down completely randomly.
Pair Corralation between Frequency Electronics and Jewett Cameron
Given the investment horizon of 90 days Frequency Electronics is expected to generate 2.38 times more return on investment than Jewett Cameron. However, Frequency Electronics is 2.38 times more volatile than Jewett Cameron Trading. It trades about 0.14 of its potential returns per unit of risk. Jewett Cameron Trading is currently generating about -0.02 per unit of risk. If you would invest 2,322 in Frequency Electronics on July 20, 2025 and sell it today you would earn a total of 1,080 from holding Frequency Electronics or generate 46.51% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Frequency Electronics vs. Jewett Cameron Trading
Performance |
| Timeline |
| Frequency Electronics |
| Jewett Cameron Trading |
Frequency Electronics and Jewett Cameron Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Frequency Electronics and Jewett Cameron
The main advantage of trading using opposite Frequency Electronics and Jewett Cameron positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Frequency Electronics position performs unexpectedly, Jewett Cameron 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 Jewett Cameron will offset losses from the drop in Jewett Cameron's long position.| Frequency Electronics vs. Conduent | Frequency Electronics vs. eGain | Frequency Electronics vs. AudioCodes | Frequency Electronics vs. BK Technologies |
| Jewett Cameron vs. ZK International Group | Jewett Cameron vs. Origin Agritech | Jewett Cameron vs. Inno Holdings Common | Jewett Cameron vs. Gulf Resources |
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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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