Correlation Between NBI Liquid and RBC Short
Return co-movement between NBI Liquid Alternatives and RBC Short Term captures their degree of alignment. The linkage helps describe the extent of diversifiable risk across the pair. The measure summarizes historical co-movement across time. All figures are based on reported data and are informational in nature.
Correlation analysis of NBI Liquid Alternatives and RBC Short Term can improve hedge quality and reduce accidental factor exposure. Return co-movement patterns are presented across multiple observation windows. Relative behavior between NBI Liquid and RBC Short can be evaluated through a paired structure. Volatility-related context for NBI Liquid and RBC Short adds further detail. Go to your portfolio center
Diversification Opportunities for NBI Liquid and RBC Short
-0.34 | Correlation Coefficient |
Strong inverse diversification
The 3 months correlation between NBI and RBC is -0.34. Overlapping area represents the amount of risk that can be diversified away by holding NBI Liquid Alternatives and RBC Short Term in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on RBC Short Term and NBI Liquid 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 NBI Liquid Alternatives are associated (or correlated) with RBC Short. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of RBC Short Term has no effect on the direction of NBI Liquid i.e., NBI Liquid and RBC Short go up and down completely randomly.
Pair Corralation between NBI Liquid and RBC Short
Assuming the 90-day trading horizon NBI Liquid Alternatives is expected to generate 2.54 times more return on investment than RBC Short. However, NBI Liquid is 2.54 times more volatile than RBC Short Term. It trades about 0.08 of its potential returns per unit of risk. RBC Short Term is currently generating about 0.02 per unit of risk. If you had invested C$ 2,232 in NBI Liquid Alternatives on December 25, 2025 and sold it today you would have earned a total of C$ 93.00 from holding NBI Liquid Alternatives or generated 4.17% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
NBI Liquid Alternatives vs. RBC Short Term
Performance |
| Timeline |
| NBI Liquid Alternatives |
Risk-Adjusted Performance
Contained
Weak | Strong |
| RBC Short Term |
Risk-Adjusted Performance
Soft
Weak | Strong |
NBI Liquid and RBC Short Volatility Contrast
Predicted Return Distribution |
| Density |
Pair Trading with NBI Liquid and RBC Short
A paired position in NBI Liquid and RBC Short is useful when investors want a more relative-value expression than a simple directional trade. Used correctly, the structure can help offset losses in one leg when unexpected sector or market pressure hits both names.| NBI Liquid vs. Hamilton Gold Producer | NBI Liquid vs. Invesco 1 3 Year | NBI Liquid vs. iShares SAMPPTSX Capped | NBI Liquid vs. Dynamic Active Canadian |
| RBC Short vs. BMO All Equity ETF | RBC Short vs. TD Active Global | RBC Short vs. First Asset Morningstar | RBC Short vs. Dynamic Active Canadian |
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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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