Correlation Between Robinsons Retail and Philex Mining
Can any of the company-specific risk be diversified away by investing in both Robinsons Retail and Philex Mining 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 Robinsons Retail and Philex Mining into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Robinsons Retail Holdings and Philex Mining Corp, you can compare the effects of market volatilities on Robinsons Retail and Philex Mining 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 Robinsons Retail with a short position of Philex Mining. Check out your portfolio center. Please also check ongoing floating volatility patterns of Robinsons Retail and Philex Mining.
Diversification Opportunities for Robinsons Retail and Philex Mining
0.03 | Correlation Coefficient |
Significant diversification
The 3 months correlation between Robinsons and Philex is 0.03. Overlapping area represents the amount of risk that can be diversified away by holding Robinsons Retail Holdings and Philex Mining Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Philex Mining Corp and Robinsons Retail 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 Robinsons Retail Holdings are associated (or correlated) with Philex Mining. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Philex Mining Corp has no effect on the direction of Robinsons Retail i.e., Robinsons Retail and Philex Mining go up and down completely randomly.
Pair Corralation between Robinsons Retail and Philex Mining
Assuming the 90 days trading horizon Robinsons Retail is expected to generate 2.32 times less return on investment than Philex Mining. But when comparing it to its historical volatility, Robinsons Retail Holdings is 3.98 times less risky than Philex Mining. It trades about 0.27 of its potential returns per unit of risk. Philex Mining Corp is currently generating about 0.15 of returns per unit of risk over similar time horizon. If you would invest 873.00 in Philex Mining Corp on October 10, 2025 and sell it today you would earn a total of 157.00 from holding Philex Mining Corp or generate 17.98% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Robinsons Retail Holdings vs. Philex Mining Corp
Performance |
| Timeline |
| Robinsons Retail Holdings |
| Philex Mining Corp |
Robinsons Retail and Philex Mining Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Robinsons Retail and Philex Mining
The main advantage of trading using opposite Robinsons Retail and Philex Mining positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Robinsons Retail position performs unexpectedly, Philex Mining 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 Philex Mining will offset losses from the drop in Philex Mining's long position.| Robinsons Retail vs. Cebu Air Preferred | Robinsons Retail vs. Manulife Financial Corp | Robinsons Retail vs. Century Pacific Food | Robinsons Retail vs. Metropolitan Bank Trust |
| Philex Mining vs. Globe Telecom | Philex Mining vs. Atlas Consolidated Mining | Philex Mining vs. Semirara Mining Corp | Philex Mining vs. Metro Retail Stores |
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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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