Correlation Between RB Food and Ratch Group
Can any of the company-specific risk be diversified away by investing in both RB Food and Ratch 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 RB Food and Ratch Group into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between RB Food Supply and Ratch Group Public, you can compare the effects of market volatilities on RB Food and Ratch 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 RB Food with a short position of Ratch Group. Check out your portfolio center. Please also check ongoing floating volatility patterns of RB Food and Ratch Group.
Diversification Opportunities for RB Food and Ratch Group
-0.57 | Correlation Coefficient |
Excellent diversification
The 3 months correlation between RBF and Ratch is -0.57. Overlapping area represents the amount of risk that can be diversified away by holding RB Food Supply and Ratch Group Public in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Ratch Group Public and RB Food 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 RB Food Supply are associated (or correlated) with Ratch Group. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ratch Group Public has no effect on the direction of RB Food i.e., RB Food and Ratch Group go up and down completely randomly.
Pair Corralation between RB Food and Ratch Group
Assuming the 90 days trading horizon RB Food Supply is expected to under-perform the Ratch Group. In addition to that, RB Food is 1.66 times more volatile than Ratch Group Public. It trades about -0.11 of its total potential returns per unit of risk. Ratch Group Public is currently generating about 0.17 per unit of volatility. If you would invest 2,700 in Ratch Group Public on November 1, 2025 and sell it today you would earn a total of 375.00 from holding Ratch Group Public or generate 13.89% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
RB Food Supply vs. Ratch Group Public
Performance |
| Timeline |
| RB Food Supply |
| Ratch Group Public |
RB Food and Ratch Group Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with RB Food and Ratch Group
The main advantage of trading using opposite RB Food and Ratch Group positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if RB Food position performs unexpectedly, Ratch 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 Ratch Group will offset losses from the drop in Ratch Group's long position.| RB Food vs. NSL Foods Public | RB Food vs. Srinanaporn Marketing Public | RB Food vs. Taokaenoi Food Marketing | RB Food vs. Exotic Food Public |
| Ratch Group vs. Electricity Generating Public | Ratch Group vs. TTW Public | Ratch Group vs. Sahacogen Public | Ratch Group vs. Global Power Synergy |
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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Other Complementary Tools
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |