Correlation Analysis Between CAC 40 and Greece TR

This module allows you to analyze existing cross correlation between CAC 40 and Greece TR. You can compare the effects of market volatilities on CAC 40 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 CAC 40 with a short position of Greece TR. See also your portfolio center. Please also check ongoing floating volatility patterns of CAC 40 and Greece TR.
Horizon     30 Days    Login   to change
Symbolsvs

CAC 40  vs.  Greece TR

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, CAC 40 is expected to generate 0.32 times more return on investment than Greece TR. However, CAC 40 is 3.14 times less risky than Greece TR. It trades about -0.02 of its potential returns per unit of risk. Greece TR is currently generating about -0.04 per unit of risk. If you would invest  539,064  in CAC 40 on August 20, 2018 and sell it today you would lose (2,685)  from holding CAC 40 or give up 0.5% of portfolio value over 30 days.

Pair Corralation between CAC 40 and Greece TR

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding CAC 40 and Greece TR in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Greece TR and CAC 40 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 CAC 40 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 CAC 40 i.e. CAC 40 and Greece TR go up and down completely randomly.
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Comparative Volatility

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