Correlation Between 9F and Ziprecruiter

Can any of the company-specific risk be diversified away by investing in both 9F and Ziprecruiter 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 9F and Ziprecruiter into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between 9F Inc and Ziprecruiter, you can compare the effects of market volatilities on 9F and Ziprecruiter 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 9F with a short position of Ziprecruiter. Check out your portfolio center. Please also check ongoing floating volatility patterns of 9F and Ziprecruiter.

Diversification Opportunities for 9F and Ziprecruiter

0.0

Correlation Coefficient

9F  Ziprecruiter

Pay attention - limited upside

The 3 months correlation between 9F and Ziprecruiter is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding 9F Inc and Ziprecruiter in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Ziprecruiter and 9F 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 9F Inc are associated (or correlated) with Ziprecruiter. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ziprecruiter has no effect on the direction of 9F i.e., 9F and Ziprecruiter go up and down completely randomly.

Pair Corralation between 9F and Ziprecruiter

If you would invest  247.00  in 9F Inc on August 26, 2025 and sell it today you would earn a total of  173.00  from holding 9F Inc or generate 70.04% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

9F Inc  vs.  Ziprecruiter

9F Inc

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in 9F Inc are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unfluctuating technical and fundamental indicators, 9F unveiled solid returns over the last few months and may actually be approaching a breakup point.

Ziprecruiter

Risk-Adjusted Performance

Weakest

Over the last 90 days Ziprecruiter has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest weak performance, the Stock's forward indicators remain invariable and the latest agitation on Wall Street may also be a sign of long-running gains for the enterprise retail investors.

Pair Trading with 9F and Ziprecruiter

The main advantage of trading using opposite 9F and Ziprecruiter positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if 9F position performs unexpectedly, Ziprecruiter 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 Ziprecruiter will offset losses from the drop in Ziprecruiter's long position.

The idea behind 9F Inc and Ziprecruiter 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.