This module allows you to analyze existing cross correlation between FTSE 100 and Taiwan Wtd. You can compare the effects of market volatilities on FTSE 100 and Taiwan Wtd 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 Taiwan Wtd. See also your portfolio center
. Please also check ongoing floating volatility patterns of FTSE 100
and Taiwan Wtd
FTSE 100 vs Taiwan Wtd
If you would invest 1,074,378 in Taiwan Wtd on October 24, 2017 and sell it today you would earn a total of 8,963 from holding Taiwan Wtd or generate 0.83% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding FTSE 100 and Taiwan Wtd in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Taiwan Wtd 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 Taiwan Wtd. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Taiwan Wtd has no effect on the direction of FTSE 100 i.e. FTSE 100 and Taiwan Wtd go up and down completely randomly.