Correlation Between Capstone Copper and Rural Funds
Can any of the company-specific risk be diversified away by investing in both Capstone Copper and Rural Funds 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 Capstone Copper and Rural Funds into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Capstone Copper Corp and Rural Funds Group, you can compare the effects of market volatilities on Capstone Copper and Rural Funds 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 Capstone Copper with a short position of Rural Funds. Check out your portfolio center. Please also check ongoing floating volatility patterns of Capstone Copper and Rural Funds.
Diversification Opportunities for Capstone Copper and Rural Funds
0.29 | Correlation Coefficient |
Modest diversification
The 3 months correlation between Capstone and Rural is 0.29. Overlapping area represents the amount of risk that can be diversified away by holding Capstone Copper Corp and Rural Funds Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Rural Funds Group and Capstone Copper 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 Capstone Copper Corp are associated (or correlated) with Rural Funds. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Rural Funds Group has no effect on the direction of Capstone Copper i.e., Capstone Copper and Rural Funds go up and down completely randomly.
Pair Corralation between Capstone Copper and Rural Funds
Assuming the 90 days trading horizon Capstone Copper Corp is expected to generate 3.05 times more return on investment than Rural Funds. However, Capstone Copper is 3.05 times more volatile than Rural Funds Group. It trades about 0.13 of its potential returns per unit of risk. Rural Funds Group is currently generating about 0.09 per unit of risk. If you would invest 1,119 in Capstone Copper Corp on September 9, 2025 and sell it today you would earn a total of 319.00 from holding Capstone Copper Corp or generate 28.51% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Capstone Copper Corp vs. Rural Funds Group
Performance |
| Timeline |
| Capstone Copper Corp |
| Rural Funds Group |
Capstone Copper and Rural Funds Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Capstone Copper and Rural Funds
The main advantage of trading using opposite Capstone Copper and Rural Funds positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Capstone Copper position performs unexpectedly, Rural Funds 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 Rural Funds will offset losses from the drop in Rural Funds' long position.| Capstone Copper vs. Macquarie Technology Group | Capstone Copper vs. Tasfoods | Capstone Copper vs. Navigator Global Investments | Capstone Copper vs. Australian Unity Office |
| Rural Funds vs. OohMedia | Rural Funds vs. Complii Fintech Solutions | Rural Funds vs. Computershare | Rural Funds vs. Locate Technologies |
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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Other Complementary Tools
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges |