Correlation Analysis Between AEX Amsterdam and Nasdaq

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

AEX Amsterdam  vs.  Nasdaq

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, AEX Amsterdam is expected to generate 0.81 times more return on investment than Nasdaq. However, AEX Amsterdam is 1.23 times less risky than Nasdaq. It trades about 0.28 of its potential returns per unit of risk. Nasdaq is currently generating about 0.19 per unit of risk. If you would invest  54,681  in AEX Amsterdam on June 23, 2018 and sell it today you would earn a total of  2,539  from holding AEX Amsterdam or generate 4.64% return on investment over 30 days.

Pair Corralation between AEX Amsterdam and Nasdaq

0.75
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Poor diversification

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

 Predicted Return Density 
      Returns 

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1184.91

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See also your portfolio center. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.


 
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