Correlation Analysis Between AEX Amsterdam and ATX

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

AEX Amsterdam  vs.  ATX

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, AEX Amsterdam is expected to generate 0.61 times more return on investment than ATX. However, AEX Amsterdam is 1.63 times less risky than ATX. It trades about -0.07 of its potential returns per unit of risk. ATX is currently generating about -0.14 per unit of risk. If you would invest  51,629  in AEX Amsterdam on November 11, 2018 and sell it today you would lose (1,718)  from holding AEX Amsterdam or give up 3.33% of portfolio value over 30 days.

Pair Corralation between AEX Amsterdam and ATX

0.52
Time Period2 Months [change]
DirectionPositive 
StrengthWeak
Accuracy93.48%
ValuesDaily Returns

Diversification

AEX Amsterdam diversification synergy

Very weak diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1036.58

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.


 
Search macroaxis.com