Correlation Analysis Between ATX and ISEQ

This module allows you to analyze existing cross correlation between ATX and ISEQ. You can compare the effects of market volatilities on ATX and ISEQ 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 ATX with a short position of ISEQ. See also your portfolio center. Please also check ongoing floating volatility patterns of ATX and ISEQ.
Horizon     30 Days    Login   to change
Symbolsvs

ATX  vs.  ISEQ

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, ATX is expected to generate 0.79 times more return on investment than ISEQ. However, ATX is 1.27 times less risky than ISEQ. It trades about 0.18 of its potential returns per unit of risk. ISEQ is currently generating about -0.14 per unit of risk. If you would invest  329,067  in ATX on August 27, 2018 and sell it today you would earn a total of  9,377  from holding ATX or generate 2.85% return on investment over 30 days.

Pair Corralation between ATX and ISEQ

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1166.09

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 ETF Directory module to find actively-traded exchange traded funds (etf) from around the world.


 
Search macroaxis.com