Pair Correlation Between AEX Amsterdam and SP 500

This module allows you to analyze existing cross correlation between AEX Amsterdam and S&P 500. You can compare the effects of market volatilities on AEX Amsterdam and SP 500 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 SP 500. See also your portfolio center. Please also check ongoing floating volatility patterns of AEX Amsterdam and SP 500.
 Time Horizon     30 Days    Login   to change

AEX Amsterdam  vs.  S&P 500

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, AEX Amsterdam is expected to generate 15.82 times more return on investment than SP 500. However, AEX Amsterdam is 15.82 times more volatile than S&P 500. It trades about 0.1 of its potential returns per unit of risk. S&P 500 is currently generating about -0.07 per unit of risk. If you would invest  82,254  in AEX Amsterdam on March 27, 2018 and sell it today you would lose (3,396)  from holding AEX Amsterdam or give up 4.13% of portfolio value over 30 days.

Pair Corralation between AEX Amsterdam and SP 500

Time Period2 Months [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding AEX Amsterdam and S&P 500 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on SP 500 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 SP 500. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SP 500 has no effect on the direction of AEX Amsterdam i.e. AEX Amsterdam and SP 500 go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

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 Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.