Correlation Between Jito Staked and HT
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By analyzing existing cross correlation between Jito Staked SOL and HT, you can compare the effects of market volatilities on Jito Staked and HT 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 Jito Staked with a short position of HT. Check out your portfolio center. Please also check ongoing floating volatility patterns of Jito Staked and HT.
Diversification Opportunities for Jito Staked and HT
-0.37 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Jito and HT is -0.37. Overlapping area represents the amount of risk that can be diversified away by holding Jito Staked SOL and HT in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on HT and Jito Staked 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 Jito Staked SOL are associated (or correlated) with HT. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HT has no effect on the direction of Jito Staked i.e., Jito Staked and HT go up and down completely randomly.
Pair Corralation between Jito Staked and HT
Assuming the 90 days trading horizon Jito Staked SOL is expected to generate 31.99 times more return on investment than HT. However, Jito Staked is 31.99 times more volatile than HT. It trades about 0.17 of its potential returns per unit of risk. HT is currently generating about -0.04 per unit of risk. If you would invest 0.00 in Jito Staked SOL on May 24, 2025 and sell it today you would earn a total of 22,059 from holding Jito Staked SOL or generate 9.223372036854776E16% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Jito Staked SOL vs. HT
Performance |
| Timeline |
| Jito Staked SOL |
| HT |
Jito Staked and HT Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Jito Staked and HT
The main advantage of trading using opposite Jito Staked and HT positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Jito Staked position performs unexpectedly, HT 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 HT will offset losses from the drop in HT's long position.The idea behind Jito Staked SOL and HT 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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