Correlation Between Coin Citadel and APAC Resources

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

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

Diversification Opportunities for Coin Citadel and APAC Resources

-0.12

Correlation Coefficient

Coin Citadel  APAC Resources

Good diversification

The 3 months correlation between Coin and APAC is -0.12. Overlapping area represents the amount of risk that can be diversified away by holding Coin Citadel and APAC Resources Limited in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on APAC Resources and Coin Citadel 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 Coin Citadel are associated (or correlated) with APAC Resources. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of APAC Resources has no effect on the direction of Coin Citadel i.e., Coin Citadel and APAC Resources go up and down completely randomly.

Pair Corralation between Coin Citadel and APAC Resources

Given the investment horizon of 90 days Coin Citadel is expected to generate 3.54 times more return on investment than APAC Resources. However, Coin Citadel is 3.54 times more volatile than APAC Resources Limited. It trades about 0.06 of its potential returns per unit of risk. APAC Resources Limited is currently generating about -0.16 per unit of risk. If you would invest  0.01  in Coin Citadel on May 10, 2025 and sell it today you would earn a total of  0.00  from holding Coin Citadel or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	72.13%
Values	Daily Returns

Coin Citadel  vs.  APAC Resources Limited

Coin Citadel

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Coin Citadel are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite quite unsteady basic indicators, Coin Citadel disclosed solid returns over the last few months and may actually be approaching a breakup point.

APAC Resources

Risk-Adjusted Performance

Weakest

Over the last 90 days APAC Resources Limited has generated negative risk-adjusted returns adding no value to investors with long positions. Despite conflicting performance in the last few months, the Stock's fundamental indicators remain nearly stable which may send shares a bit higher in September 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

Pair Trading with Coin Citadel and APAC Resources

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

The idea behind Coin Citadel and APAC Resources Limited 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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.