Correlation Analysis Between DAX and Bursa Malaysia

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

DAX  vs.  Bursa Malaysia

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, DAX is expected to generate 1.83 times more return on investment than Bursa Malaysia. However, DAX is 1.83 times more volatile than Bursa Malaysia. It trades about -0.03 of its potential returns per unit of risk. Bursa Malaysia is currently generating about -0.07 per unit of risk. If you would invest  1,236,558  in DAX on August 26, 2018 and sell it today you would lose (9,482)  from holding DAX or give up 0.77% of portfolio value over 30 days.

Pair Corralation between DAX and Bursa Malaysia

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

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