Correlation Analysis Between AEX Amsterdam and All Ords

This module allows you to analyze existing cross correlation between AEX Amsterdam and All Ords. You can compare the effects of market volatilities on AEX Amsterdam and All Ords 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 AEX Amsterdam with a short position of All Ords. See also your portfolio center. Please also check ongoing floating volatility patterns of AEX Amsterdam and All Ords.
Horizon     30 Days    Login   to change

AEX Amsterdam  vs.  All Ords

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, AEX Amsterdam is expected to generate 1.0 times more return on investment than All Ords. However, AEX Amsterdam is 1.0 times more volatile than All Ords. It trades about -0.08 of its potential returns per unit of risk. All Ords is currently generating about -0.18 per unit of risk. If you would invest  51,789  in AEX Amsterdam on November 10, 2018 and sell it today you would lose (1,901)  from holding AEX Amsterdam or give up 3.67% of portfolio value over 30 days.

Pair Corralation between AEX Amsterdam and All Ords

Time Period2 Months [change]
StrengthVery Weak
ValuesDaily Returns


AEX Amsterdam diversification synergy

Weak diversification

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

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.