Correlation Between Rusoro Mining and Robex Resources

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

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

Diversification Opportunities for Rusoro Mining and Robex Resources

-0.47

Correlation Coefficient

Rusoro Mining  Robex Resources

Very good diversification

The 3 months correlation between Rusoro and Robex is -0.47. Overlapping area represents the amount of risk that can be diversified away by holding Rusoro Mining and Robex Resources in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Robex Resources and Rusoro 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 Rusoro Mining are associated (or correlated) with Robex Resources. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Robex Resources has no effect on the direction of Rusoro Mining i.e., Rusoro Mining and Robex Resources go up and down completely randomly.

Pair Corralation between Rusoro Mining and Robex Resources

Assuming the 90 days horizon Rusoro Mining is expected to under-perform the Robex Resources. But the pink sheet apears to be less risky and, when comparing its historical volatility, Rusoro Mining is 1.45 times less risky than Robex Resources. The pink sheet trades about -0.15 of its potential returns per unit of risk. The Robex Resources is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  273.00  in Robex Resources on September 10, 2025 and sell it today you would earn a total of  45.00  from holding Robex Resources or generate 16.48% return on investment over 90 days.

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

Rusoro Mining  vs.  Robex Resources

Rusoro Mining

Risk-Adjusted Performance

Weakest

Over the last 90 days Rusoro Mining has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's technical and fundamental indicators remain nearly stable which may send shares a bit higher in January 2026. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

Robex Resources

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Robex Resources are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite nearly fragile fundamental drivers, Robex Resources reported solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Rusoro Mining and Robex Resources

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

The idea behind Rusoro Mining and Robex Resources 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.