- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between EURONEXT BEL-20 and Russia TR. You can compare the effects of market volatilities on EURONEXT BEL-20 and Russia TR 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 Russia TR. See also your portfolio center. Please also check ongoing floating volatility patterns of EURONEXT BEL-20 and Russia TR.
|Horizon||30 Days Login to change|
Predicted Return Density
EURONEXT BEL-20 vs. Russia TR
Given the investment horizon of 30 days, EURONEXT BEL-20 is expected to under-perform the Russia TR. But the index apears to be less risky and, when comparing its historical volatility, EURONEXT BEL-20 is 1.16 times less risky than Russia TR. The index trades about -0.06 of its potential returns per unit of risk. The Russia TR is currently generating about 0.0 of returns per unit of risk over similar time horizon. If you would invest 120,678 in Russia TR on November 14, 2018 and sell it today you would lose (425.00) from holding Russia TR or give up 0.35% of portfolio value over 30 days.
Pair Corralation between EURONEXT BEL-20 and Russia TR
|Time Period||2 Months [change]|
Diversification Opportunities for EURONEXT BEL-20 and Russia TR
Overlapping area represents the amount of risk that can be diversified away by holding EURONEXT BEL-20 and Russia TR in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Russia TR 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 Russia TR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Russia TR has no effect on the direction of EURONEXT BEL-20 i.e. EURONEXT BEL-20 and Russia TR go up and down completely randomly.