Correlation Between Cal-Bay Intl and Rogue Station

Can any of the company-specific risk be diversified away by investing in both Cal-Bay Intl and Rogue Station 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 Cal-Bay Intl and Rogue Station into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Cal Bay Intl and Rogue Station Companies, you can compare the effects of market volatilities on Cal-Bay Intl and Rogue Station 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 Cal-Bay Intl with a short position of Rogue Station. Check out your portfolio center. Please also check ongoing floating volatility patterns of Cal-Bay Intl and Rogue Station.

Diversification Opportunities for Cal-Bay Intl and Rogue Station

0.0

Correlation Coefficient

Cal-Bay Intl  Rogue Station

Pay attention - limited upside

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

Pair Corralation between Cal-Bay Intl and Rogue Station

If you would invest (100.00) in Rogue Station Companies on July 6, 2025 and sell it today you would earn a total of  100.00  from holding Rogue Station Companies 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

Cal Bay Intl  vs.  Rogue Station Companies

Cal Bay Intl

Risk-Adjusted Performance

Weakest

Over the last 90 days Cal Bay Intl has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong basic indicators, Cal-Bay Intl is not utilizing all of its potentials. The recent stock price confusion, may contribute to short-horizon losses for the traders.

Rogue Station Companies

Risk-Adjusted Performance

Weakest

Over the last 90 days Rogue Station Companies has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively stable basic indicators, Rogue Station is not utilizing all of its potentials. The latest stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with Cal-Bay Intl and Rogue Station

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

The idea behind Cal Bay Intl and Rogue Station Companies 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.