Pair Correlation Between FTSE 100 and Jakarta Comp

This module allows you to analyze existing cross correlation between FTSE 100 and Jakarta Comp. You can compare the effects of market volatilities on FTSE 100 and Jakarta Comp 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 FTSE 100 with a short position of Jakarta Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of FTSE 100 and Jakarta Comp.
Investment Horizon     30 Days    Login   to change
Symbolsvs
 FTSE 100  vs   Jakarta Comp
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  602,543  in Jakarta Comp on October 25, 2017 and sell it today you would earn a total of  3,782  from holding Jakarta Comp or generate 0.63% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between FTSE 100 and Jakarta Comp
0.0

Parameters

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 FTSE 100 and Jakarta Comp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Jakarta Comp and FTSE 100 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 FTSE 100 are associated (or correlated) with Jakarta Comp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jakarta Comp has no effect on the direction of FTSE 100 i.e. FTSE 100 and Jakarta Comp go up and down completely randomly.
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Comparative Volatility