Correlation Between Sdzucker and J J

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

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

Diversification Opportunities for Sdzucker and J J

-0.62

Correlation Coefficient

Sdzucker  J J

Excellent diversification

The 3 months correlation between Sdzucker and JJSF is -0.62. Overlapping area represents the amount of risk that can be diversified away by holding Sdzucker AG and J J Snack in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on J J Snack and Sdzucker 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 Sdzucker AG are associated (or correlated) with J J. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of J J Snack has no effect on the direction of Sdzucker i.e., Sdzucker and J J go up and down completely randomly.

Pair Corralation between Sdzucker and J J

Assuming the 90 days horizon Sdzucker AG is expected to generate 0.09 times more return on investment than J J. However, Sdzucker AG is 11.59 times less risky than J J. It trades about 0.1 of its potential returns per unit of risk. J J Snack is currently generating about -0.1 per unit of risk. If you would invest  1,284  in Sdzucker AG on April 22, 2025 and sell it today you would earn a total of  16.00  from holding Sdzucker AG or generate 1.25% return on investment over 90 days.

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

Sdzucker AG  vs.  J J Snack

Sdzucker AG

Risk-Adjusted Performance

OK

Over the last 90 days Sdzucker AG has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, Sdzucker is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

J J Snack

Risk-Adjusted Performance

Very Weak

Over the last 90 days J J Snack has generated negative risk-adjusted returns adding no value to investors with long positions. Despite uncertain performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in August 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

Pair Trading with Sdzucker and J J

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

The idea behind Sdzucker AG and J J Snack 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.