Correlation Analysis Between BSE and Swiss Mrt

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

BSE  vs.  Swiss Mrt

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, BSE is expected to generate 0.92 times more return on investment than Swiss Mrt. However, BSE is 1.09 times less risky than Swiss Mrt. It trades about 0.42 of its potential returns per unit of risk. Swiss Mrt is currently generating about 0.06 per unit of risk. If you would invest  3,637,344  in BSE on July 18, 2018 and sell it today you would earn a total of  158,282  from holding BSE or generate 4.35% return on investment over 30 days.

Pair Corralation between BSE and Swiss Mrt

0.38
Time Period1 Month [change]
DirectionPositive 
StrengthVery Weak
Accuracy91.3%
ValuesDaily Returns

Diversification

Weak diversification

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

 Predicted Return Density 
      Returns 

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See also your portfolio center. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.