Correlation Analysis Between CAC 40 and Russia TR

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

CAC 40  vs.  Russia TR

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  116,339  in Russia TR on September 18, 2018 and sell it today you would earn a total of  4,615  from holding Russia TR or generate 3.97% return on investment over 30 days.

Pair Corralation between CAC 40 and Russia TR

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding CAC 40 and Russia TR in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Russia 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 Russia TR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Russia TR has no effect on the direction of CAC 40 i.e. CAC 40 and Russia TR go up and down completely randomly.
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Comparative Volatility

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