Correlation Analysis Between ATX and Straits Tms

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

ATX  vs.  Straits Tms

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, ATX is expected to under-perform the Straits Tms. In addition to that, ATX is 1.08 times more volatile than Straits Tms. It trades about -0.19 of its total potential returns per unit of risk. Straits Tms is currently generating about -0.16 per unit of volatility. If you would invest  314,140  in Straits Tms on September 16, 2018 and sell it today you would lose (9,543)  from holding Straits Tms or give up 3.04% of portfolio value over 30 days.

Pair Corralation between ATX and Straits Tms

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding ATX and Straits Tms in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Straits Tms 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 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 ATX i.e. ATX and Straits Tms go up and down completely randomly.

Comparative Volatility

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See also your portfolio center. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.