Correlation Analysis Between BSE and CAC 40

This module allows you to analyze existing cross correlation between BSE and CAC 40. You can compare the effects of market volatilities on BSE and CAC 40 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 BSE with a short position of CAC 40. See also your portfolio center. Please also check ongoing floating volatility patterns of BSE and CAC 40.
 Time Horizon     30 Days    Login   to change
Symbolsvs

BSE  vs.  CAC 40

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  3,568,960  in BSE on May 24, 2018 and sell it today you would lose (0.16)  from holding BSE or give up 0.0% of portfolio value over 30 days.

Pair Corralation between BSE and CAC 40

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy6.45%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding BSE and CAC 40 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on CAC 40 and BSE 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 BSE are associated (or correlated) with CAC 40. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CAC 40 has no effect on the direction of BSE i.e. BSE and CAC 40 go up and down completely randomly.
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Comparative Volatility

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See also your portfolio center. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.