Correlation Analysis Between Bovespa and Greece TR

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

Bovespa  vs.  Greece TR

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bovespa is expected to generate 0.65 times more return on investment than Greece TR. However, Bovespa is 1.53 times less risky than Greece TR. It trades about 0.14 of its potential returns per unit of risk. Greece TR is currently generating about -0.11 per unit of risk. If you would invest  7,563,377  in Bovespa on August 26, 2018 and sell it today you would earn a total of  381,052  from holding Bovespa or generate 5.04% return on investment over 30 days.

Pair Corralation between Bovespa and Greece TR

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy95.45%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1182.95

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 Headlines Timeline module to stay connected to all market stories and filter out noise. drill down to analyze hype elasticity.


 
Search macroaxis.com