Correlation Between Ramelius Resources and Fuchs Petrolub

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

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

Diversification Opportunities for Ramelius Resources and Fuchs Petrolub

0.0

Correlation Coefficient

Ramelius Resources  Fuchs Petrolub

Pay attention - limited upside

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

Pair Corralation between Ramelius Resources and Fuchs Petrolub

Assuming the 90 days horizon Ramelius Resources is expected to generate 3.85 times more return on investment than Fuchs Petrolub. However, Ramelius Resources is 3.85 times more volatile than Fuchs Petrolub SE. It trades about 0.07 of its potential returns per unit of risk. Fuchs Petrolub SE is currently generating about 0.06 per unit of risk. If you would invest  148.00  in Ramelius Resources on September 16, 2025 and sell it today you would earn a total of  120.00  from holding Ramelius Resources or generate 81.08% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	98.8%
Values	Daily Returns

Ramelius Resources  vs.  Fuchs Petrolub SE

Ramelius Resources

Risk-Adjusted Performance

Soft

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

Fuchs Petrolub SE

Risk-Adjusted Performance

Weakest

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

Pair Trading with Ramelius Resources and Fuchs Petrolub

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

The idea behind Ramelius Resources and Fuchs Petrolub SE 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.