Correlation Analysis Between All Ords and DAX

This module allows you to analyze existing cross correlation between All Ords and DAX. You can compare the effects of market volatilities on All Ords and DAX 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 All Ords with a short position of DAX. See also your portfolio center. Please also check ongoing floating volatility patterns of All Ords and DAX.
 Time Horizon     30 Days    Login   to change

All Ords  vs.  DAX

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, All Ords is expected to generate 0.54 times more return on investment than DAX. However, All Ords is 1.84 times less risky than DAX. It trades about 0.09 of its potential returns per unit of risk. DAX is currently generating about -0.12 per unit of risk. If you would invest  619,020  in All Ords on May 21, 2018 and sell it today you would earn a total of  6,640  from holding All Ords or generate 1.07% return on investment over 30 days.

Pair Corralation between All Ords and DAX

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
Alphabet cannot be verified against its exchange. It appears that Alphabet is not available for investing at this time. Please verify the symbol is currently traded on NASDAQ. If you still believe the symbol you are trying to look up is valid please let us know and we will check it as soon as possible.

Try Other Suggestions

GTVJXGoldman Sachs Target Date 2030Fund
GTVMXGoldman Sachs Target Date 2040Fund
GTVOXGoldman Sachs Target Date 2035Fund
GTVSXGoldman Sachs Target Date 2050Fund
FPPXXGovernment Obligations Fund ClFund
ELKMFGold Road Resources LimitedStock
GCGAXGoldman Sachs Concentrated GroFund

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 Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.