Pair Correlation Between EURONEXT BEL-20 and AEX Amsterdam

This module allows you to analyze existing cross correlation between EURONEXT BEL-20 and AEX Amsterdam. You can compare the effects of market volatilities on EURONEXT BEL-20 and AEX Amsterdam 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 EURONEXT BEL-20 with a short position of AEX Amsterdam. See also your portfolio center. Please also check ongoing floating volatility patterns of EURONEXT BEL-20 and AEX Amsterdam.
Investment Horizon     30 Days    Login   to change
Symbolsvs
 EURONEXT BEL-20  vs   AEX Amsterdam
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in AEX Amsterdam on October 24, 2017 and sell it today you would earn a total of  0.00  from holding AEX Amsterdam or generate 0.0% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between EURONEXT BEL-20 and AEX Amsterdam
0.0

Parameters

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 EURONEXT BEL-20 and AEX Amsterdam in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on AEX Amsterdam and EURONEXT BEL-20 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 EURONEXT BEL-20 are associated (or correlated) with AEX Amsterdam. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AEX Amsterdam has no effect on the direction of EURONEXT BEL-20 i.e. EURONEXT BEL-20 and AEX Amsterdam go up and down completely randomly.
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Comparative Volatility