Correlation Analysis Between EURONEXT BEL-20 and ATX

This module allows you to analyze existing cross correlation between EURONEXT BEL-20 and ATX. You can compare the effects of market volatilities on EURONEXT BEL-20 and ATX 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 ATX. See also your portfolio center. Please also check ongoing floating volatility patterns of EURONEXT BEL-20 and ATX.
 Time Horizon     30 Days    Login   to change
Symbolsvs

EURONEXT BEL-20  vs.  ATX

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, EURONEXT BEL-20 is expected to generate 0.82 times more return on investment than ATX. However, EURONEXT BEL-20 is 1.22 times less risky than ATX. It trades about 0.12 of its potential returns per unit of risk. ATX is currently generating about 0.04 per unit of risk. If you would invest  376,357  in EURONEXT BEL-20 on June 22, 2018 and sell it today you would earn a total of  5,159  from holding EURONEXT BEL-20 or generate 1.37% return on investment over 30 days.

Pair Corralation between EURONEXT BEL-20 and ATX

-0.77
Time Period1 Month [change]
DirectionNegative 
StrengthWeak
Accuracy76.67%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding EURONEXT BEL-20 and ATX in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ATX 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 ATX. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ATX has no effect on the direction of EURONEXT BEL-20 i.e. EURONEXT BEL-20 and ATX go up and down completely randomly.
    Optimize

Comparative Volatility

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1186.96

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.


 
vendors/bower_components/jquery.easy-pie-chart/dist/jquery.easypiechart.min.js">