Correlation Analysis Between AEX Amsterdam and Madrid Gnrl

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

AEX Amsterdam  vs.  Madrid Gnrl

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, AEX Amsterdam is expected to under-perform the Madrid Gnrl. In addition to that, AEX Amsterdam is 7.97 times more volatile than Madrid Gnrl. It trades about -0.16 of its total potential returns per unit of risk. Madrid Gnrl is currently generating about 0.01 per unit of volatility. If you would invest  98,676  in Madrid Gnrl on June 19, 2018 and sell it today you would earn a total of  100.00  from holding Madrid Gnrl or generate 0.1% return on investment over 30 days.

Pair Corralation between AEX Amsterdam and Madrid Gnrl

-0.01
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy75.86%
ValuesDaily Returns

Diversification

Good diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1186.76

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.