Correlation Analysis Between AEX Amsterdam and DOW

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

AEX Amsterdam  vs.  DOW

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, AEX Amsterdam is expected to under-perform the DOW. But the index apears to be less risky and, when comparing its historical volatility, AEX Amsterdam is 2.24 times less risky than DOW. The index trades about -0.15 of its potential returns per unit of risk. The DOW is currently generating about 0.01 of returns per unit of risk over similar time horizon. If you would invest  2,470,021  in DOW on May 21, 2018 and sell it today you would earn a total of  28,726  from holding DOW or generate 1.16% return on investment over 30 days.

Pair Corralation between AEX Amsterdam and DOW

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy5.45%
ValuesDaily Returns

Diversification

Pay attention

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

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