Correlation Between Cayson Acquisition and Golden Energy

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

By analyzing existing cross correlation between Cayson Acquisition Corp and Golden Energy Offshore, you can compare the effects of market volatilities on Cayson Acquisition and Golden Energy 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 Cayson Acquisition with a short position of Golden Energy. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cayson Acquisition and Golden Energy.

Diversification Opportunities for Cayson Acquisition and Golden Energy

0.21

Correlation Coefficient

Cayson Acquisition  Golden Energy

Modest diversification

The 3 months correlation between Cayson and Golden is 0.21. Overlapping area represents the amount of risk that can be diversified away by holding Cayson Acquisition Corp and Golden Energy Offshore in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Golden Energy Offshore and Cayson Acquisition 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 Cayson Acquisition Corp are associated (or correlated) with Golden Energy. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Golden Energy Offshore has no effect on the direction of Cayson Acquisition i.e., Cayson Acquisition and Golden Energy go up and down completely randomly.

Pair Corralation between Cayson Acquisition and Golden Energy

Assuming the 90 days horizon Cayson Acquisition is expected to generate 15.82 times less return on investment than Golden Energy. But when comparing it to its historical volatility, Cayson Acquisition Corp is 15.89 times less risky than Golden Energy. It trades about 0.13 of its potential returns per unit of risk. Golden Energy Offshore is currently generating about 0.12 of returns per unit of risk over similar time horizon. If you would invest  170.00  in Golden Energy Offshore on July 2, 2025 and sell it today you would earn a total of  21.00  from holding Golden Energy Offshore or generate 12.35% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Very Weak
Accuracy	98.44%
Values	Daily Returns

Cayson Acquisition Corp  vs.  Golden Energy Offshore

Cayson Acquisition Corp

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Cayson Acquisition Corp are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, Cayson Acquisition is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors.

Golden Energy Offshore

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Golden Energy Offshore are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite nearly unsteady basic indicators, Golden Energy may actually be approaching a critical reversion point that can send shares even higher in October 2025.

Pair Trading with Cayson Acquisition and Golden Energy

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

The idea behind Cayson Acquisition Corp and Golden Energy Offshore 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.