Correlation Analysis Between DOW and Straits Tms

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

DOW  vs.  Straits Tms

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  2,458,089  in DOW on May 24, 2018 and sell it today you would lose (0.06)  from holding DOW or give up 0.0% of portfolio value over 30 days.

Pair Corralation between DOW and Straits Tms

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy10.0%
ValuesDaily Returns

Diversification

Pay attention

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

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