Correlation Analysis Between AEX Amsterdam and ISEQ

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

Comparative Performance

 Predicted Return Density 

AEX Amsterdam  vs.  ISEQ

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, AEX Amsterdam is expected to generate 0.83 times more return on investment than ISEQ. However, AEX Amsterdam is 1.21 times less risky than ISEQ. It trades about -0.12 of its potential returns per unit of risk. ISEQ is currently generating about -0.16 per unit of risk. If you would invest  52,517  in AEX Amsterdam on November 18, 2018 and sell it today you would lose (2,940)  from holding AEX Amsterdam or give up 5.6% of portfolio value over 30 days.

Pair Corralation between AEX Amsterdam and ISEQ

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for AEX Amsterdam and ISEQ

AEX Amsterdam diversification synergy

Poor diversification

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

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