Correlation Between Apex Mining and Robinsons Retail

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

By analyzing existing cross correlation between Apex Mining Co and Robinsons Retail Holdings, you can compare the effects of market volatilities on Apex Mining and Robinsons Retail 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 Apex Mining with a short position of Robinsons Retail. Check out your portfolio center. Please also check ongoing floating volatility patterns of Apex Mining and Robinsons Retail.

Diversification Opportunities for Apex Mining and Robinsons Retail

-0.09

Correlation Coefficient

Apex Mining  Robinsons Retail

Good diversification

The 3 months correlation between Apex and Robinsons is -0.09. Overlapping area represents the amount of risk that can be diversified away by holding Apex Mining Co and Robinsons Retail Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Robinsons Retail Holdings and Apex Mining 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 Apex Mining Co are associated (or correlated) with Robinsons Retail. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Robinsons Retail Holdings has no effect on the direction of Apex Mining i.e., Apex Mining and Robinsons Retail go up and down completely randomly.

Pair Corralation between Apex Mining and Robinsons Retail

Assuming the 90 days trading horizon Apex Mining Co is expected to under-perform the Robinsons Retail. In addition to that, Apex Mining is 2.08 times more volatile than Robinsons Retail Holdings. It trades about -0.07 of its total potential returns per unit of risk. Robinsons Retail Holdings is currently generating about 0.06 per unit of volatility. If you would invest  3,636  in Robinsons Retail Holdings on April 20, 2025 and sell it today you would earn a total of  184.00  from holding Robinsons Retail Holdings or generate 5.06% return on investment over 90 days.

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

Apex Mining Co  vs.  Robinsons Retail Holdings

Apex Mining

Risk-Adjusted Performance

Very Weak

Over the last 90 days Apex Mining Co has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Stock's technical and fundamental indicators remain rather sound which may send shares a bit higher in August 2025. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders.

Robinsons Retail Holdings

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in Robinsons Retail Holdings are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, Robinsons Retail is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with Apex Mining and Robinsons Retail

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

The idea behind Apex Mining Co and Robinsons Retail Holdings 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 Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.