Correlation Between Hamilton Gold and RBC Canadian
The correlation profile for Hamilton Gold Producer and RBC Canadian Bank shows how their movements relate. The comparison reflects how diversifiable risk is distributed across the pair. The dataset reflects observed price behavior across time frames.
Correlation analysis of Hamilton Gold Producer and RBC Canadian Bank can improve hedge quality and reduce accidental factor exposure. Studying them side by side supports cleaner diversification decisions. A long Hamilton Gold and short RBC Canadian setup can be tested to assess relative-value dynamics. Review volatility patterns in Hamilton Gold and RBC Canadian. Go to your portfolio center
Diversification Opportunities for Hamilton Gold and RBC Canadian
0.7 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Hamilton and RBC is 0.7. Overlapping area represents the amount of risk that can be diversified away by holding Hamilton Gold Producer and RBC Canadian Bank in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on RBC Canadian Bank and Hamilton Gold 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 Hamilton Gold Producer are associated (or correlated) with RBC Canadian. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of RBC Canadian Bank has no effect on the direction of Hamilton Gold i.e., Hamilton Gold and RBC Canadian go up and down completely randomly.
Pair Corralation between Hamilton Gold and RBC Canadian
Assuming the 90-day trading horizon Hamilton Gold Producer is expected to under-perform the RBC Canadian. In addition to that, Hamilton Gold is 3.17 times more volatile than RBC Canadian Bank. It trades about -0.05 of its total potential returns per unit of risk. RBC Canadian Bank is currently generating about -0.01 per unit of volatility. If you had invested C$ 3,873 in RBC Canadian Bank on December 22, 2025 and sold it today you would have lost C$ 29.00 from holding RBC Canadian Bank or given up 0.75% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Hamilton Gold Producer vs. RBC Canadian Bank
Performance |
| Timeline |
| Hamilton Gold Producer |
Risk-Adjusted Performance
Weak
Weak | Strong |
| RBC Canadian Bank |
Risk-Adjusted Performance
Weak
Weak | Strong |
Hamilton Gold and RBC Canadian Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Hamilton Gold and RBC Canadian
Pair trading between Hamilton Gold and RBC Canadian can reduce some unsystematic risk by balancing one position against another. Used correctly, the structure can help offset losses in one leg when unexpected sector or market pressure hits both names.| Hamilton Gold vs. Hamilton Energy YIELD | Hamilton Gold vs. iShares MSCI Canada | Hamilton Gold vs. Global X SAMPP | Hamilton Gold vs. AGFiQ Market Neutral |
| RBC Canadian vs. CI Canadian Banks | RBC Canadian vs. AGFiQ Market Neutral | RBC Canadian vs. iShares MSCI Canada | RBC Canadian vs. Hamilton Gold Producer |
Go to your portfolio centerThe information on this page should be treated as a complementary input when building or adjusting a diversified portfolio. The stronger workflow is to validate these signals with other models before acting. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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