Correlation Between Silver Bullion and RBC Quant
Can any of the company-specific risk be diversified away by investing in both Silver Bullion and RBC Quant 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 Silver Bullion and RBC Quant into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Silver Bullion Trust and RBC Quant European, you can compare the effects of market volatilities on Silver Bullion and RBC Quant 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 Silver Bullion with a short position of RBC Quant. Check out your portfolio center. Please also check ongoing floating volatility patterns of Silver Bullion and RBC Quant.
Diversification Opportunities for Silver Bullion and RBC Quant
0.63 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Silver and RBC is 0.63. Overlapping area represents the amount of risk that can be diversified away by holding Silver Bullion Trust and RBC Quant European in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on RBC Quant European and Silver Bullion 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 Silver Bullion Trust are associated (or correlated) with RBC Quant. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of RBC Quant European has no effect on the direction of Silver Bullion i.e., Silver Bullion and RBC Quant go up and down completely randomly.
Pair Corralation between Silver Bullion and RBC Quant
Assuming the 90 days trading horizon Silver Bullion Trust is expected to generate 12.06 times more return on investment than RBC Quant. However, Silver Bullion is 12.06 times more volatile than RBC Quant European. It trades about 0.16 of its potential returns per unit of risk. RBC Quant European is currently generating about 0.49 per unit of risk. If you would invest 2,938 in Silver Bullion Trust on November 30, 2025 and sell it today you would earn a total of 1,704 from holding Silver Bullion Trust or generate 58.0% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Silver Bullion Trust vs. RBC Quant European
Performance |
| Timeline |
| Silver Bullion Trust |
| RBC Quant European |
Silver Bullion and RBC Quant Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Silver Bullion and RBC Quant
The main advantage of trading using opposite Silver Bullion and RBC Quant positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Silver Bullion position performs unexpectedly, RBC Quant 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 RBC Quant will offset losses from the drop in RBC Quant's long position.| Silver Bullion vs. BetaPro Natural Gas | Silver Bullion vs. iShares SPTSX North | Silver Bullion vs. Manulife Multifactor Developed | Silver Bullion vs. RBC Quant Dividend |
| RBC Quant vs. Vanguard FTSE Developed | RBC Quant vs. Fidelity Canadian Value | RBC Quant vs. iShares SP Mid Cap | RBC Quant vs. Vanguard FTSE Developed |
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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Other Complementary Tools
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |