Correlation Analysis Between AEX Amsterdam and Bursa Malaysia

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

AEX Amsterdam  vs.  Bursa Malaysia

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, AEX Amsterdam is expected to under-perform the Bursa Malaysia. In addition to that, AEX Amsterdam is 1.73 times more volatile than Bursa Malaysia. It trades about -0.17 of its total potential returns per unit of risk. Bursa Malaysia is currently generating about -0.29 per unit of volatility. If you would invest  181,064  in Bursa Malaysia on September 21, 2018 and sell it today you would lose (7,850)  from holding Bursa Malaysia or give up 4.34% of portfolio value over 30 days.

Pair Corralation between AEX Amsterdam and Bursa Malaysia

0.93
Time Period1 Month [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification

Almost no diversification

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

 Predicted Return Density 
      Returns 

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