Correlation Between JAIZ BANK and VFD GROUP

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Can any of the company-specific risk be diversified away by investing in both JAIZ BANK and VFD GROUP 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 JAIZ BANK and VFD GROUP into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between JAIZ BANK PLC and VFD GROUP, you can compare the effects of market volatilities on JAIZ BANK and VFD GROUP 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 JAIZ BANK with a short position of VFD GROUP. Check out your portfolio center. Please also check ongoing floating volatility patterns of JAIZ BANK and VFD GROUP.

Diversification Opportunities for JAIZ BANK and VFD GROUP

-0.78
  Correlation Coefficient

Pay attention - limited upside

The 3 months correlation between JAIZ and VFD is -0.78. Overlapping area represents the amount of risk that can be diversified away by holding JAIZ BANK PLC and VFD GROUP in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on VFD GROUP and JAIZ BANK 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 JAIZ BANK PLC are associated (or correlated) with VFD GROUP. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of VFD GROUP has no effect on the direction of JAIZ BANK i.e., JAIZ BANK and VFD GROUP go up and down completely randomly.

Pair Corralation between JAIZ BANK and VFD GROUP

Assuming the 90 days trading horizon JAIZ BANK PLC is expected to generate 1.2 times more return on investment than VFD GROUP. However, JAIZ BANK is 1.2 times more volatile than VFD GROUP. It trades about 0.18 of its potential returns per unit of risk. VFD GROUP is currently generating about -0.23 per unit of risk. If you would invest  315.00  in JAIZ BANK PLC on June 2, 2025 and sell it today you would earn a total of  150.00  from holding JAIZ BANK PLC or generate 47.62% return on investment over 90 days.
Time Period3 Months [change]
DirectionMoves Against 
StrengthWeak
Accuracy98.39%
ValuesDaily Returns

JAIZ BANK PLC  vs.  VFD GROUP

 Performance 
       Timeline  
JAIZ BANK PLC 

Risk-Adjusted Performance

Good

 
Weak
 
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in JAIZ BANK PLC are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of very uncertain basic indicators, JAIZ BANK displayed solid returns over the last few months and may actually be approaching a breakup point.
VFD GROUP 

Risk-Adjusted Performance

Weakest

 
Weak
 
Strong
Over the last 90 days VFD GROUP has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in October 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

JAIZ BANK and VFD GROUP Volatility Contrast

   Predicted Return Density   
       Returns  

Pair Trading with JAIZ BANK and VFD GROUP

The main advantage of trading using opposite JAIZ BANK and VFD GROUP positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if JAIZ BANK position performs unexpectedly, VFD GROUP 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 VFD GROUP will offset losses from the drop in VFD GROUP's long position.
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The idea behind JAIZ BANK PLC and VFD GROUP 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.
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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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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