Correlation Analysis Between All Ords and Swiss Mrt

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

All Ords  vs.  Swiss Mrt

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, All Ords is expected to generate 1.07 times more return on investment than Swiss Mrt. However, All Ords is 1.07 times more volatile than Swiss Mrt. It trades about 0.0 of its potential returns per unit of risk. Swiss Mrt is currently generating about -0.06 per unit of risk. If you would invest  632,210  in All Ords on May 24, 2018 and sell it today you would lose (0.01)  from holding All Ords or give up 0.0% of portfolio value over 30 days.

Pair Corralation between All Ords and Swiss Mrt

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy5.24%
ValuesDaily Returns

Diversification

Pay attention

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

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See also your portfolio center. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.