Correlation Analysis Between DAX and Jakarta Comp

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

DAX  vs.  Jakarta Comp

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, DAX is expected to under-perform the Jakarta Comp. In addition to that, DAX is 1.35 times more volatile than Jakarta Comp. It trades about -0.25 of its total potential returns per unit of risk. Jakarta Comp is currently generating about -0.09 per unit of volatility. If you would invest  593,126  in Jakarta Comp on September 20, 2018 and sell it today you would lose (9,397)  from holding Jakarta Comp or give up 1.58% of portfolio value over 30 days.

Pair Corralation between DAX and Jakarta Comp

0.66
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy95.65%
ValuesDaily Returns

Diversification

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding DAX and Jakarta Comp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Jakarta Comp and DAX 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 DAX 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 DAX i.e. DAX and Jakarta Comp go up and down completely randomly.
    Optimize

Comparative Volatility

 Predicted Return Density 
      Returns 

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
$1115.69

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 Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.


 
Search macroaxis.com