Correlation Analysis Between ATX and Bursa Malaysia

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

ATX  vs.  Bursa Malaysia

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  336,679  in ATX on August 26, 2018 and sell it today you would earn a total of  0.00  from holding ATX or generate 0.0% return on investment over 30 days.

Pair Corralation between ATX and Bursa Malaysia

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy5.88%
ValuesDaily Returns

Diversification

Pay attention

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

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See also your portfolio center. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.


 
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