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This module allows you to analyze existing cross correlation between AEX Amsterdam and Russia TR. You can compare the effects of market volatilities on AEX Amsterdam and Russia TR 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 Russia TR. See also your portfolio center. Please also check ongoing floating volatility patterns of AEX Amsterdam and Russia TR.
|Horizon||30 Days Login to change|
Predicted Return Density
AEX Amsterdam vs. Russia TR
Given the investment horizon of 30 days, AEX Amsterdam is expected to under-perform the Russia TR. But the index apears to be less risky and, when comparing its historical volatility, AEX Amsterdam is 1.31 times less risky than Russia TR. The index trades about -0.02 of its potential returns per unit of risk. The Russia TR is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest 120,678 in Russia TR on November 13, 2018 and sell it today you would earn a total of 675.00 from holding Russia TR or generate 0.56% return on investment over 30 days.
Pair Corralation between AEX Amsterdam and Russia TR
|Time Period||2 Months [change]|
Diversification Opportunities for AEX Amsterdam and Russia TR
Overlapping area represents the amount of risk that can be diversified away by holding AEX Amsterdam and Russia TR in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Russia TR 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 Russia TR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Russia TR has no effect on the direction of AEX Amsterdam i.e. AEX Amsterdam and Russia TR go up and down completely randomly.