Correlation Analysis Between EURONEXT BEL-20 and Bursa Malaysia

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

EURONEXT BEL-20  vs.  Bursa Malaysia

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, EURONEXT BEL-20 is expected to under-perform the Bursa Malaysia. In addition to that, EURONEXT BEL-20 is 1.49 times more volatile than Bursa Malaysia. It trades about -0.04 of its total potential returns per unit of risk. Bursa Malaysia is currently generating about 0.0 per unit of volatility. If you would invest  181,160  in Bursa Malaysia on August 25, 2018 and sell it today you would lose (96.00)  from holding Bursa Malaysia or give up 0.05% of portfolio value over 30 days.

Pair Corralation between EURONEXT BEL-20 and Bursa Malaysia

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy76.19%
ValuesDaily Returns

Diversification

Pay attention

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

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