Correlation Between Robinsons Retail and Philex Mining

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

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

Diversification Opportunities for Robinsons Retail and Philex Mining

-0.28

Correlation Coefficient

Robinsons Retail  Philex Mining

Very good diversification

The 3 months correlation between Robinsons and Philex is -0.28. Overlapping area represents the amount of risk that can be diversified away by holding Robinsons Retail Holdings and Philex Mining Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Philex Mining Corp and Robinsons Retail 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 Robinsons Retail Holdings are associated (or correlated) with Philex Mining. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Philex Mining Corp has no effect on the direction of Robinsons Retail i.e., Robinsons Retail and Philex Mining go up and down completely randomly.

Pair Corralation between Robinsons Retail and Philex Mining

Assuming the 90 days trading horizon Robinsons Retail Holdings is expected to generate 0.61 times more return on investment than Philex Mining. However, Robinsons Retail Holdings is 1.63 times less risky than Philex Mining. It trades about -0.06 of its potential returns per unit of risk. Philex Mining Corp is currently generating about -0.21 per unit of risk. If you would invest  3,900  in Robinsons Retail Holdings on April 20, 2025 and sell it today you would lose (80.00) from holding Robinsons Retail Holdings or give up 2.05% of portfolio value over 90 days.

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

Robinsons Retail Holdings  vs.  Philex Mining Corp

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.

Philex Mining Corp

Risk-Adjusted Performance

Very Weak

Over the last 90 days Philex Mining Corp 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 basic 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.

Pair Trading with Robinsons Retail and Philex Mining

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

The idea behind Robinsons Retail Holdings and Philex Mining 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.