Correlation Between Robix Environmental and Cayson Acquisition

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

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

Diversification Opportunities for Robix Environmental and Cayson Acquisition

0.0

Correlation Coefficient

Robix Environmental  Cayson Acquisition

Pay attention - limited upside

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

Pair Corralation between Robix Environmental and Cayson Acquisition

If you would invest  0.01  in Robix Environmental Technologies on May 17, 2025 and sell it today you would earn a total of  0.00  from holding Robix Environmental Technologies or generate 0.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

Robix Environmental Technologi  vs.  Cayson Acquisition Corp

Robix Environmental

Risk-Adjusted Performance

Weakest

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

Cayson Acquisition Corp

Risk-Adjusted Performance

Weakest

Over the last 90 days Cayson Acquisition Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Stock's basic indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors.

Pair Trading with Robix Environmental and Cayson Acquisition

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

The idea behind Robix Environmental Technologies and Cayson Acquisition Corp 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.