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This module allows you to analyze existing cross correlation between All Ords and Greece TR. You can compare the effects of market volatilities on All Ords and Greece TR 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 Greece TR. See also your portfolio center. Please also check ongoing floating volatility patterns of All Ords and Greece TR.
|Horizon||30 Days Login to change|
Predicted Return Density
All Ords vs. Greece TR
Assuming 30 trading days horizon, All Ords is expected to under-perform the Greece TR. But the index apears to be less risky and, when comparing its historical volatility, All Ords is 1.76 times less risky than Greece TR. The index trades about -0.14 of its potential returns per unit of risk. The Greece TR is currently generating about -0.03 of returns per unit of risk over similar time horizon. If you would invest 43,674 in Greece TR on November 15, 2018 and sell it today you would lose (1,152) from holding Greece TR or give up 2.64% of portfolio value over 30 days.
Pair Corralation between All Ords and Greece TR
|Time Period||2 Months [change]|
Diversification Opportunities for All Ords and Greece TR
Overlapping area represents the amount of risk that can be diversified away by holding All Ords and Greece TR in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Greece TR 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 Greece TR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Greece TR has no effect on the direction of All Ords i.e. All Ords and Greece TR go up and down completely randomly.