Correlation Analysis Between EURONEXT BEL-20 and ISEQ

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

EURONEXT BEL-20  vs.  ISEQ

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, EURONEXT BEL-20 is expected to generate 0.68 times more return on investment than ISEQ. However, EURONEXT BEL-20 is 1.47 times less risky than ISEQ. It trades about 0.32 of its potential returns per unit of risk. ISEQ is currently generating about 0.03 per unit of risk. If you would invest  371,049  in EURONEXT BEL-20 on June 23, 2018 and sell it today you would earn a total of  10,978  from holding EURONEXT BEL-20 or generate 2.96% return on investment over 30 days.

Pair Corralation between EURONEXT BEL-20 and ISEQ

-0.77
Time Period1 Month [change]
DirectionNegative 
StrengthWeak
Accuracy75.86%
ValuesDaily Returns

Diversification

Pay attention

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

 Predicted Return Density 
      Returns 

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