Correlation Analysis Between Bovespa and Bursa Malaysia

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

Bovespa  vs.  Bursa Malaysia

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Bovespa is expected to under-perform the Bursa Malaysia. In addition to that, Bovespa is 2.82 times more volatile than Bursa Malaysia. It trades about -0.06 of its total potential returns per unit of risk. Bursa Malaysia is currently generating about 0.14 per unit of volatility. If you would invest  175,924  in Bursa Malaysia on July 19, 2018 and sell it today you would earn a total of  2,423  from holding Bursa Malaysia or generate 1.38% return on investment over 30 days.

Pair Corralation between Bovespa and Bursa Malaysia

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Bovespa and Bursa Malaysia in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bursa Malaysia and Bovespa 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 Bovespa 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 Bovespa i.e. Bovespa and Bursa Malaysia go up and down completely randomly.

Comparative Volatility

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. drill down to check world indexes.