- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between All Ords and Straits Tms. You can compare the effects of market volatilities on All Ords and Straits Tms 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 Straits Tms. See also your portfolio center. Please also check ongoing floating volatility patterns of All Ords and Straits Tms.
|Horizon||30 Days Login to change|
Predicted Return Density
All Ords vs. Straits Tms
Assuming 30 trading days horizon, All Ords is expected to under-perform the Straits Tms. In addition to that, All Ords is 1.07 times more volatile than Straits Tms. It trades about -0.12 of its total potential returns per unit of risk. Straits Tms is currently generating about 0.06 per unit of volatility. If you would invest 304,597 in Straits Tms on November 14, 2018 and sell it today you would earn a total of 6,511 from holding Straits Tms or generate 2.14% return on investment over 30 days.
Pair Corralation between All Ords and Straits Tms
|Time Period||2 Months [change]|
Diversification Opportunities for All Ords and Straits Tms
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding All Ords and Straits Tms in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Straits Tms 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 Straits Tms. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Straits Tms has no effect on the direction of All Ords i.e. All Ords and Straits Tms go up and down completely randomly.