Pair Correlation Between DOW and Greece TR

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

DOW  vs.  Greece TR

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, DOW is expected to under-perform the Greece TR. In addition to that, DOW is 1.03 times more volatile than Greece TR. It trades about -0.02 of its total potential returns per unit of risk. Greece TR is currently generating about -0.01 per unit of volatility. If you would invest  61,509  in Greece TR on March 23, 2018 and sell it today you would lose (844.90)  from holding Greece TR or give up 1.37% of portfolio value over 30 days.

Pair Corralation between DOW and Greece TR

Time Period2 Months [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

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

Comparative Volatility

 Predicted Return Density 

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