Correlation Between Worthington Steel and OSR Holdings,

Can any of the company-specific risk be diversified away by investing in both Worthington Steel and OSR Holdings, 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 Worthington Steel and OSR Holdings, into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Worthington Steel and OSR Holdings,, you can compare the effects of market volatilities on Worthington Steel and OSR Holdings, 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 Worthington Steel with a short position of OSR Holdings,. Check out your portfolio center. Please also check ongoing floating volatility patterns of Worthington Steel and OSR Holdings,.

Diversification Opportunities for Worthington Steel and OSR Holdings,

-0.17

Correlation Coefficient

Worthington Steel  OSR Holdings,

Good diversification

The 3 months correlation between Worthington and OSR is -0.17. Overlapping area represents the amount of risk that can be diversified away by holding Worthington Steel and OSR Holdings, in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on OSR Holdings, and Worthington Steel 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 Worthington Steel are associated (or correlated) with OSR Holdings,. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OSR Holdings, has no effect on the direction of Worthington Steel i.e., Worthington Steel and OSR Holdings, go up and down completely randomly.

Pair Corralation between Worthington Steel and OSR Holdings,

Allowing for the 90-day total investment horizon Worthington Steel is expected to generate 11.76 times less return on investment than OSR Holdings,. But when comparing it to its historical volatility, Worthington Steel is 6.14 times less risky than OSR Holdings,. It trades about 0.02 of its potential returns per unit of risk. OSR Holdings, is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest  6.08  in OSR Holdings, on July 7, 2025 and sell it today you would lose (1.88) from holding OSR Holdings, or give up 30.92% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	84.62%
Values	Daily Returns

Worthington Steel  vs.  OSR Holdings,

Worthington Steel

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Worthington Steel are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable basic indicators, Worthington Steel is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors.

OSR Holdings,

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in OSR Holdings, are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of fairly inconsistent technical indicators, OSR Holdings, showed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Worthington Steel and OSR Holdings,

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

The idea behind Worthington Steel and OSR Holdings, 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.