Correlation Between Mesabi Trust and Oxbridge
Can any of the company-specific risk be diversified away by investing in both Mesabi Trust and Oxbridge 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 Mesabi Trust and Oxbridge into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Mesabi Trust and Oxbridge Re Holdings, you can compare the effects of market volatilities on Mesabi Trust and Oxbridge 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 Mesabi Trust with a short position of Oxbridge. Check out your portfolio center. Please also check ongoing floating volatility patterns of Mesabi Trust and Oxbridge.
Diversification Opportunities for Mesabi Trust and Oxbridge
-0.65 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between Mesabi and Oxbridge is -0.65. Overlapping area represents the amount of risk that can be diversified away by holding Mesabi Trust and Oxbridge Re Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Oxbridge Re Holdings and Mesabi Trust 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 Mesabi Trust are associated (or correlated) with Oxbridge. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Oxbridge Re Holdings has no effect on the direction of Mesabi Trust i.e., Mesabi Trust and Oxbridge go up and down completely randomly.
Pair Corralation between Mesabi Trust and Oxbridge
Considering the 90-day investment horizon Mesabi Trust is expected to generate 0.59 times more return on investment than Oxbridge. However, Mesabi Trust is 1.68 times less risky than Oxbridge. It trades about 0.04 of its potential returns per unit of risk. Oxbridge Re Holdings is currently generating about -0.09 per unit of risk. If you would invest 3,029 in Mesabi Trust on September 3, 2025 and sell it today you would earn a total of 150.00 from holding Mesabi Trust or generate 4.95% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Mesabi Trust vs. Oxbridge Re Holdings
Performance |
| Timeline |
| Mesabi Trust |
| Oxbridge Re Holdings |
Mesabi Trust and Oxbridge Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Mesabi Trust and Oxbridge
The main advantage of trading using opposite Mesabi Trust and Oxbridge positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Mesabi Trust position performs unexpectedly, Oxbridge 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 Oxbridge will offset losses from the drop in Oxbridge's long position.| Mesabi Trust vs. Beazer Homes USA | Mesabi Trust vs. Fair Isaac | Mesabi Trust vs. Ryanair Holdings PLC | Mesabi Trust vs. Mayfair Gold Corp |
| Oxbridge vs. Canlan Ice Sports | Oxbridge vs. Yuexiu Transport Infrastructure | Oxbridge vs. LATAM Airlines Group | Oxbridge vs. Academy Sports Outdoors |
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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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