Correlation Analysis Between ATX and Madrid Gnrl

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

ATX  vs.  Madrid Gnrl

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  96,815  in Madrid Gnrl on August 22, 2018 and sell it today you would earn a total of  207.00  from holding Madrid Gnrl or generate 0.21% return on investment over 30 days.

Pair Corralation between ATX and Madrid Gnrl

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns

Diversification

Pay attention

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

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