Correlation Analysis Between DOW and Israel Index

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

DOW  vs.  Israel Index

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, DOW is expected to generate 1.49 times less return on investment than Israel Index. But when comparing it to its historical volatility, DOW is 2.67 times less risky than Israel Index. It trades about 0.32 of its potential returns per unit of risk. Israel Index is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest  113,634  in Israel Index on August 25, 2018 and sell it today you would earn a total of  4,642  from holding Israel Index or generate 4.09% return on investment over 30 days.

Pair Corralation between DOW and Israel Index

0.72
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy95.24%
ValuesDaily Returns

Diversification

Poor diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

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
$1166.09

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 Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.


 
Search macroaxis.com