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This module allows you to analyze existing cross correlation between Bovespa and NZSE. You can compare the effects of market volatilities on Bovespa and NZSE 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 NZSE. See also your portfolio center. Please also check ongoing floating volatility patterns of Bovespa and NZSE.
|Horizon||30 Days Login to change|
Predicted Return Density
Bovespa vs. NZSE
If you would invest 8,422,000 in Bovespa on November 18, 2018 and sell it today you would earn a total of 218,000 from holding Bovespa or generate 2.59% return on investment over 30 days.
Pair Corralation between Bovespa and NZSE
|Time Period||2 Months [change]|
Diversification Opportunities for Bovespa and NZSE
Overlapping area represents the amount of risk that can be diversified away by holding Bovespa and NZSE in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NZSE 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 NZSE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NZSE has no effect on the direction of Bovespa i.e. Bovespa and NZSE go up and down completely randomly.