Correlation Analysis Between DAX and MerVal

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

DAX  vs.  MerVal

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  2,909,585  in MerVal on May 25, 2018 and sell it today you would earn a total of  111,476  from holding MerVal or generate 3.83% return on investment over 30 days.

Pair Corralation between DAX and MerVal

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy6.67%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding DAX and MerVal in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on MerVal 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 MerVal. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of MerVal has no effect on the direction of DAX i.e. DAX and MerVal 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
$1157.66

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 Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.