Correlation Between Regulus Resources and Ritchie Bros
Is diversification improved when Regulus Resources and Ritchie Bros Auctioneers appear in the same portfolio? This module highlights the diversifiable risk of combining Regulus Resources and Ritchie Bros Auctioneers and frames portfolio overlap.
Review Regulus Resources against Ritchie Bros Auctioneers to separate temporary co-movement from persistent structural correlation. You can also test a long Regulus Resources and short Ritchie Bros structure to evaluate relative-value behavior. Review volatility patterns in Regulus Resources and Ritchie Bros. Go to your portfolio center
Diversification Opportunities for Regulus Resources and Ritchie Bros
0.48 | Correlation Coefficient |
Very weak diversification
The 3 months correlation between Regulus and Ritchie is 0.48. Overlapping area represents the amount of risk that can be diversified away by holding Regulus Resources and Ritchie Bros Auctioneers in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Ritchie Bros Auctioneers and Regulus Resources 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 Regulus Resources are associated (or correlated) with Ritchie Bros. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ritchie Bros Auctioneers has no effect on the direction of Regulus Resources i.e., Regulus Resources and Ritchie Bros go up and down completely randomly.
Pair Corralation between Regulus Resources and Ritchie Bros
Assuming a 90-day horizon Regulus Resources is expected to generate 1.51 times more return on investment than Ritchie Bros. However, Regulus Resources is 1.51 times more volatile than Ritchie Bros Auctioneers. It trades about 0.08 of its potential returns per unit of risk. Ritchie Bros Auctioneers is currently generating about -0.01 per unit of risk. If you had invested C$ 373.00 in Regulus Resources on December 11, 2025 and sold it today you would have earned a total of C$ 54.00 from holding Regulus Resources or generated 14.48% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Regulus Resources vs. Ritchie Bros Auctioneers
Performance |
| Timeline |
| Regulus Resources |
Risk-Adjusted Performance
Contained
Weak | Strong |
| Ritchie Bros Auctioneers |
Risk-Adjusted Performance
Weak
Weak | Strong |
Regulus Resources and Ritchie Bros Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Regulus Resources and Ritchie Bros
Pair trading between Regulus Resources and Ritchie Bros can reduce some unsystematic risk by balancing one position against another. The objective is to profit from relative movement while reducing dependence on the market's overall direction.| Regulus Resources vs. Aldebaran Resources | Regulus Resources vs. Emerita Resources Corp | Regulus Resources vs. Mkango Resources | Regulus Resources vs. Lithium Royalty Corp |
| Ritchie Bros vs. WSP Global | Ritchie Bros vs. Bombardier | Ritchie Bros vs. Bombardier | Ritchie Bros vs. Stantec |
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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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