Correlation Analysis 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.
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 0.73 times more return on investment than SP 500. However, AEX Amsterdam is 1.38 times less risky than SP 500. It trades about 0.13 of its potential returns per unit of risk. S&P 500 is currently generating about -0.01 per unit of risk. If you would invest  51,469  in AEX Amsterdam on October 13, 2018 and sell it today you would earn a total of  1,296  from holding AEX Amsterdam or generate 2.52% return on investment over 30 days.

Pair Corralation between AEX Amsterdam and SP 500

Time Period1 Month [change]
ValuesDaily Returns


AEX Amsterdam diversification synergy

Very poor 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 

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See also your portfolio center. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.