Correlation Between BranchOut Food and JBS NV

Can any of the company-specific risk be diversified away by investing in both BranchOut Food and JBS NV 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 BranchOut Food and JBS NV into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between BranchOut Food Common and JBS NV, you can compare the effects of market volatilities on BranchOut Food and JBS NV 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 BranchOut Food with a short position of JBS NV. Check out your portfolio center. Please also check ongoing floating volatility patterns of BranchOut Food and JBS NV.

Diversification Opportunities for BranchOut Food and JBS NV

-0.36

Correlation Coefficient

BranchOut Food  JBS NV

Very good diversification

The 3 months correlation between BranchOut and JBS is -0.36. Overlapping area represents the amount of risk that can be diversified away by holding BranchOut Food Common and JBS NV in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on JBS NV and BranchOut Food 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 BranchOut Food Common are associated (or correlated) with JBS NV. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of JBS NV has no effect on the direction of BranchOut Food i.e., BranchOut Food and JBS NV go up and down completely randomly.

Pair Corralation between BranchOut Food and JBS NV

Considering the 90-day investment horizon BranchOut Food Common is expected to generate 2.7 times more return on investment than JBS NV. However, BranchOut Food is 2.7 times more volatile than JBS NV. It trades about 0.11 of its potential returns per unit of risk. JBS NV is currently generating about -0.03 per unit of risk. If you would invest  224.00  in BranchOut Food Common on August 7, 2025 and sell it today you would earn a total of  75.00  from holding BranchOut Food Common or generate 33.48% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

BranchOut Food Common  vs.  JBS NV

BranchOut Food Common

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in BranchOut Food Common are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite nearly weak basic indicators, BranchOut Food reported solid returns over the last few months and may actually be approaching a breakup point.

JBS NV

Risk-Adjusted Performance

Weakest

Over the last 90 days JBS NV has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable fundamental drivers, JBS NV is not utilizing all of its potentials. The newest stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with BranchOut Food and JBS NV

The main advantage of trading using opposite BranchOut Food and JBS NV positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if BranchOut Food position performs unexpectedly, JBS NV 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 JBS NV will offset losses from the drop in JBS NV's long position.

The idea behind BranchOut Food Common and JBS NV 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.