Correlation Between Rubicon Technologies, and Marathon Group
Can any of the company-specific risk be diversified away by investing in both Rubicon Technologies, and Marathon Group 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 Rubicon Technologies, and Marathon Group into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Rubicon Technologies, and Marathon Group Corp, you can compare the effects of market volatilities on Rubicon Technologies, and Marathon Group 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 Rubicon Technologies, with a short position of Marathon Group. Check out your portfolio center. Please also check ongoing floating volatility patterns of Rubicon Technologies, and Marathon Group.
Diversification Opportunities for Rubicon Technologies, and Marathon Group
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Rubicon and Marathon is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Rubicon Technologies, and Marathon Group Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Marathon Group Corp and Rubicon Technologies, 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 Rubicon Technologies, are associated (or correlated) with Marathon Group. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Marathon Group Corp has no effect on the direction of Rubicon Technologies, i.e., Rubicon Technologies, and Marathon Group go up and down completely randomly.
Pair Corralation between Rubicon Technologies, and Marathon Group
If you would invest 0.22 in Rubicon Technologies, on September 7, 2025 and sell it today you would lose (0.16) from holding Rubicon Technologies, or give up 72.73% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 98.46% |
| Values | Daily Returns |
Rubicon Technologies, vs. Marathon Group Corp
Performance |
| Timeline |
| Rubicon Technologies, |
| Marathon Group Corp |
Rubicon Technologies, and Marathon Group Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Rubicon Technologies, and Marathon Group
The main advantage of trading using opposite Rubicon Technologies, and Marathon Group positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Rubicon Technologies, position performs unexpectedly, Marathon Group 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 Marathon Group will offset losses from the drop in Marathon Group's long position.| Rubicon Technologies, vs. NVIDIA | Rubicon Technologies, vs. Apple Inc | Rubicon Technologies, vs. Alphabet Inc Class C | Rubicon Technologies, vs. Microsoft |
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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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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