Pair Correlation Between AEX Amsterdam and Straits Tms

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

AEX Amsterdam  vs.  Straits Tms

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, AEX Amsterdam is expected to generate 23.26 times more return on investment than Straits Tms. However, AEX Amsterdam is 23.26 times more volatile than Straits Tms. It trades about 0.1 of its potential returns per unit of risk. Straits Tms is currently generating about 0.02 per unit of risk. If you would invest  82,254  in AEX Amsterdam on March 27, 2018 and sell it today you would lose (3,396)  from holding AEX Amsterdam or give up 4.13% of portfolio value over 30 days.

Pair Corralation between AEX Amsterdam and Straits Tms

-0.51
Time Period2 Months [change]
DirectionNegative 
StrengthVery Weak
Accuracy85.71%
ValuesDaily Returns

Diversification

Excellent diversification

Overlapping area represents the amount of risk that can be diversified away by holding AEX Amsterdam and Straits Tms in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Straits Tms 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 Straits Tms. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Straits Tms has no effect on the direction of AEX Amsterdam i.e. AEX Amsterdam and Straits Tms 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
$1047.0

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 World Markets Correlation module to find global opportunities by holding instruments from different markets.