Correlation Between InfuSystems Holdings and Just Energy

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Can any of the company-specific risk be diversified away by investing in both InfuSystems Holdings and Just Energy 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 InfuSystems Holdings and Just Energy into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between InfuSystems Holdings and Just Energy Group, you can compare the effects of market volatilities on InfuSystems Holdings and Just Energy 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 InfuSystems Holdings with a short position of Just Energy. Check out your portfolio center. Please also check ongoing floating volatility patterns of InfuSystems Holdings and Just Energy.

Diversification Opportunities for InfuSystems Holdings and Just Energy

InfuSystemsJustDiversified AwayInfuSystemsJustDiversified Away100%
0.0
  Correlation Coefficient

Pay attention - limited upside

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

Pair Corralation between InfuSystems Holdings and Just Energy

If you would invest (100.00) in Just Energy Group on October 31, 2024 and sell it today you would earn a total of  100.00  from holding Just Energy Group or generate -100.0% return on investment over 90 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

InfuSystems Holdings  vs.  Just Energy Group

 Performance 
JavaScript chart by amCharts 3.21.15NovDec2025 -10010203040
JavaScript chart by amCharts 3.21.15INFU JE
       Timeline  
InfuSystems Holdings 

Risk-Adjusted Performance

11 of 100

 
Weak
 
Strong
Good
Compared to the overall equity markets, risk-adjusted returns on investments in InfuSystems Holdings are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively unsteady technical and fundamental indicators, InfuSystems Holdings unveiled solid returns over the last few months and may actually be approaching a breakup point.
JavaScript chart by amCharts 3.21.15NovDecJanDecJan66.577.588.599.510
Just Energy Group 

Risk-Adjusted Performance

0 of 100

 
Weak
 
Strong
Very Weak
Over the last 90 days Just Energy Group has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound technical and fundamental indicators, Just Energy is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders.

InfuSystems Holdings and Just Energy Volatility Contrast

   Predicted Return Density   
JavaScript chart by amCharts 3.21.15-11.53-8.63-5.74-2.850.02.945.989.0312.0715.11 0.0050.0100.0150.0200.025
JavaScript chart by amCharts 3.21.15INFU JE
       Returns  

Pair Trading with InfuSystems Holdings and Just Energy

The main advantage of trading using opposite InfuSystems Holdings and Just Energy positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if InfuSystems Holdings position performs unexpectedly, Just Energy 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 Just Energy will offset losses from the drop in Just Energy's long position.
The idea behind InfuSystems Holdings and Just Energy Group 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

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