Correlation Between Rose Hill and Oxbridge
Can any of the company-specific risk be diversified away by investing in both Rose Hill and Oxbridge 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 Rose Hill and Oxbridge into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Rose Hill Acquisition and Oxbridge Re Holdings, you can compare the effects of market volatilities on Rose Hill and Oxbridge 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 Rose Hill with a short position of Oxbridge. Check out your portfolio center. Please also check ongoing floating volatility patterns of Rose Hill and Oxbridge.
Diversification Opportunities for Rose Hill and Oxbridge
Pay attention - limited upside
The 3 months correlation between Rose and Oxbridge is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Rose Hill Acquisition and Oxbridge Re Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Oxbridge Re Holdings and Rose Hill 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 Rose Hill Acquisition are associated (or correlated) with Oxbridge. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Oxbridge Re Holdings has no effect on the direction of Rose Hill i.e., Rose Hill and Oxbridge go up and down completely randomly.
Pair Corralation between Rose Hill and Oxbridge
If you would invest 7.00 in Oxbridge Re Holdings on August 30, 2024 and sell it today you would earn a total of 14.99 from holding Oxbridge Re Holdings or generate 214.14% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Rose Hill Acquisition vs. Oxbridge Re Holdings
Performance |
| Timeline |
| Rose Hill Acquisition |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
| Oxbridge Re Holdings |
Rose Hill and Oxbridge Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Rose Hill and Oxbridge
The main advantage of trading using opposite Rose Hill and Oxbridge positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Rose Hill position performs unexpectedly, Oxbridge 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 Oxbridge will offset losses from the drop in Oxbridge's long position.| Rose Hill vs. Diageo PLC ADR | Rose Hill vs. PepsiCo | Rose Hill vs. China Tontine Wines | Rose Hill vs. National Beverage Corp |
| Oxbridge vs. Maiden Holdings | Oxbridge vs. Greenlight Capital Re | Oxbridge vs. RenaissanceRe Holdings | Oxbridge vs. Renaissancere Holdings |
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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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