Correlation Analysis Between CAC 40 and Straits Tms

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

CAC 40  vs.  Straits Tms

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, CAC 40 is expected to under-perform the Straits Tms. In addition to that, CAC 40 is 1.2 times more volatile than Straits Tms. It trades about -0.22 of its total potential returns per unit of risk. Straits Tms is currently generating about -0.16 per unit of volatility. If you would invest  314,140  in Straits Tms on September 16, 2018 and sell it today you would lose (9,543)  from holding Straits Tms or give up 3.04% of portfolio value over 30 days.

Pair Corralation between CAC 40 and Straits Tms

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 Straits Tms in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Straits Tms 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 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 CAC 40 i.e. CAC 40 and Straits Tms go up and down completely randomly.
    Optimize

Comparative Volatility

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
$1110.08

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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.


 
Search macroaxis.com