Correlation Analysis Between All Ords and Seoul Comp

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

All Ords  vs.  Seoul Comp

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, All Ords is expected to under-perform the Seoul Comp. But the index apears to be less risky and, when comparing its historical volatility, All Ords is 1.28 times less risky than Seoul Comp. The index trades about -0.14 of its potential returns per unit of risk. The Seoul Comp is currently generating about -0.1 of returns per unit of risk over similar time horizon. If you would invest  214,831  in Seoul Comp on October 18, 2018 and sell it today you would lose (5,591)  from holding Seoul Comp or give up 2.6% of portfolio value over 30 days.

Pair Corralation between All Ords and Seoul Comp

Time Period1 Month [change]
ValuesDaily Returns


All Ords diversification synergy

Poor diversification

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

Comparative Volatility

 Predicted Return Density 

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.