Correlation Analysis Between All Ords and NIKKEI 225

This module allows you to analyze existing cross correlation between All Ords and NIKKEI 225. You can compare the effects of market volatilities on All Ords and NIKKEI 225 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 NIKKEI 225. See also your portfolio center. Please also check ongoing floating volatility patterns of All Ords and NIKKEI 225.
Horizon     30 Days    Login   to change

All Ords  vs.  NIKKEI 225

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, All Ords is expected to generate 0.63 times more return on investment than NIKKEI 225. However, All Ords is 1.58 times less risky than NIKKEI 225. It trades about -0.35 of its potential returns per unit of risk. NIKKEI 225 is currently generating about -0.3 per unit of risk. If you would invest  630,530  in All Ords on September 23, 2018 and sell it today you would lose (36,040)  from holding All Ords or give up 5.72% of portfolio value over 30 days.

Pair Corralation between All Ords and NIKKEI 225

Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding All Ords and NIKKEI 225 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NIKKEI 225 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 NIKKEI 225. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NIKKEI 225 has no effect on the direction of All Ords i.e. All Ords and NIKKEI 225 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 Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.