Correlation Between Copper Fox and Infinitum Copper

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

By analyzing existing cross correlation between Copper Fox Metals and Infinitum Copper Corp, you can compare the effects of market volatilities on Copper Fox and Infinitum Copper 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 Copper Fox with a short position of Infinitum Copper. Check out your portfolio center. Please also check ongoing floating volatility patterns of Copper Fox and Infinitum Copper.

Diversification Opportunities for Copper Fox and Infinitum Copper

-0.33

Correlation Coefficient

Copper Fox  Infinitum Copper

Very good diversification

The 3 months correlation between Copper and Infinitum is -0.33. Overlapping area represents the amount of risk that can be diversified away by holding Copper Fox Metals and Infinitum Copper Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Infinitum Copper Corp and Copper Fox 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 Copper Fox Metals are associated (or correlated) with Infinitum Copper. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Infinitum Copper Corp has no effect on the direction of Copper Fox i.e., Copper Fox and Infinitum Copper go up and down completely randomly.

Pair Corralation between Copper Fox and Infinitum Copper

Assuming the 90 days horizon Copper Fox is expected to generate 6.67 times less return on investment than Infinitum Copper. But when comparing it to its historical volatility, Copper Fox Metals is 2.2 times less risky than Infinitum Copper. It trades about 0.03 of its potential returns per unit of risk. Infinitum Copper Corp is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  2.00  in Infinitum Copper Corp on April 24, 2025 and sell it today you would earn a total of  0.50  from holding Infinitum Copper Corp or generate 25.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	96.88%
Values	Daily Returns

Copper Fox Metals  vs.  Infinitum Copper Corp

Copper Fox Metals

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Copper Fox Metals are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile basic indicators, Copper Fox may actually be approaching a critical reversion point that can send shares even higher in August 2025.

Infinitum Copper Corp

Risk-Adjusted Performance

Modest

Compared to the overall equity markets, risk-adjusted returns on investments in Infinitum Copper Corp are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of fairly unfluctuating technical and fundamental indicators, Infinitum Copper showed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Copper Fox and Infinitum Copper

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

The idea behind Copper Fox Metals and Infinitum Copper Corp 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.