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.
 Time Horizon     30 Days    Login   to change

All Ords  vs.  Seoul Comp

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, All Ords is expected to generate 0.14 times more return on investment than Seoul Comp. However, All Ords is 7.22 times less risky than Seoul Comp. It trades about 0.11 of its potential returns per unit of risk. Seoul Comp is currently generating about -0.01 per unit of risk. If you would invest  635,500  in All Ords on July 19, 2018 and sell it today you would earn a total of  7,120  from holding All Ords or generate 1.12% return on investment over 30 days.

Pair Corralation between All Ords and Seoul Comp

Time Period1 Month [change]
ValuesDaily Returns


Very good 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 

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See also your portfolio center. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.