Correlation Analysis Between BSE and MerVal

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

BSE  vs.  MerVal

 Performance (%) 

Pair Volatility

If you would invest  2,652,320  in MerVal on August 23, 2018 and sell it today you would earn a total of  770,874  from holding MerVal or generate 29.06% return on investment over 30 days.

Pair Corralation between BSE and MerVal

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

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