Correlation Between Bruush Oral and American Rebel

Can any of the company-specific risk be diversified away by investing in both Bruush Oral and American Rebel 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 Bruush Oral and American Rebel into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Bruush Oral Care and American Rebel Holdings, you can compare the effects of market volatilities on Bruush Oral and American Rebel 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 Bruush Oral with a short position of American Rebel. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bruush Oral and American Rebel.

Diversification Opportunities for Bruush Oral and American Rebel

0.0

Correlation Coefficient

Bruush Oral  American Rebel

Pay attention - limited upside

The 3 months correlation between Bruush and American is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Bruush Oral Care and American Rebel Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on American Rebel Holdings and Bruush Oral 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 Bruush Oral Care are associated (or correlated) with American Rebel. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of American Rebel Holdings has no effect on the direction of Bruush Oral i.e., Bruush Oral and American Rebel go up and down completely randomly.

Pair Corralation between Bruush Oral and American Rebel

If you would invest  1.70  in American Rebel Holdings on December 5, 2024 and sell it today you would lose (0.07) from holding American Rebel Holdings or give up 4.12% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

Bruush Oral Care  vs.  American Rebel Holdings

Bruush Oral Care

Risk-Adjusted Performance

Very Weak

Over the last 90 days Bruush Oral Care has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong basic indicators, Bruush Oral is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders.

American Rebel Holdings

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in American Rebel Holdings are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of fairly uncertain fundamental drivers, American Rebel showed solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Bruush Oral and American Rebel

The main advantage of trading using opposite Bruush Oral and American Rebel positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Bruush Oral position performs unexpectedly, American Rebel 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 American Rebel will offset losses from the drop in American Rebel's long position.

The idea behind Bruush Oral Care and American Rebel Holdings pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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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 Money Managers module to screen money managers from public funds and ETFs managed around the world.