Correlation Between Streamline Health and Gold Royalty

Can any of the company-specific risk be diversified away by investing in both Streamline Health and Gold Royalty 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 Streamline Health and Gold Royalty into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Streamline Health Solutions and Gold Royalty Corp, you can compare the effects of market volatilities on Streamline Health and Gold Royalty 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 Streamline Health with a short position of Gold Royalty. Check out your portfolio center. Please also check ongoing floating volatility patterns of Streamline Health and Gold Royalty.

Diversification Opportunities for Streamline Health and Gold Royalty

0.0

Correlation Coefficient

Streamline Health  Gold Royalty

Pay attention - limited upside

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

Pair Corralation between Streamline Health and Gold Royalty

If you would invest  381.00  in Gold Royalty Corp on September 12, 2025 and sell it today you would earn a total of  23.00  from holding Gold Royalty Corp or generate 6.04% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	1.56%
Values	Daily Returns

Streamline Health Solutions  vs.  Gold Royalty Corp

Streamline Health

Risk-Adjusted Performance

Weakest

Over the last 90 days Streamline Health Solutions has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Streamline Health is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors.

Gold Royalty Corp

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in Gold Royalty Corp are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak basic indicators, Gold Royalty may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Pair Trading with Streamline Health and Gold Royalty

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

The idea behind Streamline Health Solutions and Gold Royalty 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.

Check out your portfolio center.

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 Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.