Correlation Analysis Between ATX and Stockholm

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

ATX  vs.  Stockholm

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, ATX is expected to generate 0.96 times more return on investment than Stockholm. However, ATX is 1.04 times less risky than Stockholm. It trades about -0.06 of its potential returns per unit of risk. Stockholm is currently generating about -0.21 per unit of risk. If you would invest  332,908  in ATX on September 17, 2018 and sell it today you would lose (5,505)  from holding ATX or give up 1.65% of portfolio value over 30 days.

Pair Corralation between ATX and Stockholm

Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

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

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..