Correlation Between Robex Resources and CITIC Resources

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

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

Diversification Opportunities for Robex Resources and CITIC Resources

0.0

Correlation Coefficient

Robex Resources  CITIC Resources

Pay attention - limited upside

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

Pair Corralation between Robex Resources and CITIC Resources

If you would invest (100.00) in CITIC Resources Holdings on August 11, 2025 and sell it today you would earn a total of  100.00  from holding CITIC Resources Holdings or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Robex Resources  vs.  CITIC Resources Holdings

Robex Resources

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Robex Resources are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite nearly weak fundamental drivers, Robex Resources reported solid returns over the last few months and may actually be approaching a breakup point.

CITIC Resources Holdings

Risk-Adjusted Performance

Weakest

Over the last 90 days CITIC Resources Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable technical indicators, CITIC Resources is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

Pair Trading with Robex Resources and CITIC Resources

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

The idea behind Robex Resources and CITIC Resources 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 Commodity Directory module to find actively traded commodities issued by global exchanges.