Correlation Between Jamf Holding and Emerging Markets
Can any of the company-specific risk be diversified away by investing in both Jamf Holding and Emerging Markets 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 Jamf Holding and Emerging Markets into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Jamf Holding and Emerging Markets Portfolio, you can compare the effects of market volatilities on Jamf Holding and Emerging Markets 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 Jamf Holding with a short position of Emerging Markets. Check out your portfolio center. Please also check ongoing floating volatility patterns of Jamf Holding and Emerging Markets.
Diversification Opportunities for Jamf Holding and Emerging Markets
-0.73 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Jamf and Emerging is -0.73. Overlapping area represents the amount of risk that can be diversified away by holding Jamf Holding and Emerging Markets Portfolio in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Emerging Markets Por and Jamf Holding 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 Jamf Holding are associated (or correlated) with Emerging Markets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Emerging Markets Por has no effect on the direction of Jamf Holding i.e., Jamf Holding and Emerging Markets go up and down completely randomly.
Pair Corralation between Jamf Holding and Emerging Markets
Given the investment horizon of 90 days Jamf Holding is expected to under-perform the Emerging Markets. In addition to that, Jamf Holding is 3.76 times more volatile than Emerging Markets Portfolio. It trades about -0.07 of its total potential returns per unit of risk. Emerging Markets Portfolio is currently generating about 0.17 per unit of volatility. If you would invest 2,257 in Emerging Markets Portfolio on May 29, 2025 and sell it today you would earn a total of 175.00 from holding Emerging Markets Portfolio or generate 7.75% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 98.41% |
| Values | Daily Returns |
Jamf Holding vs. Emerging Markets Portfolio
Performance |
| Timeline |
| Jamf Holding |
| Emerging Markets Por |
Jamf Holding and Emerging Markets Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Jamf Holding and Emerging Markets
The main advantage of trading using opposite Jamf Holding and Emerging Markets positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Jamf Holding position performs unexpectedly, Emerging Markets 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 Emerging Markets will offset losses from the drop in Emerging Markets' long position.| Jamf Holding vs. Clearwater Analytics Holdings | Jamf Holding vs. nCino Inc | Jamf Holding vs. Meridianlink | Jamf Holding vs. Vertex |
| Emerging Markets vs. Siit Large Cap | Emerging Markets vs. Rational Strategic Allocation | Emerging Markets vs. Qs Large Cap | Emerging Markets vs. Qs Global Equity |
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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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