Correlation Analysis Between DAX and Madrid Gnrl

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

DAX  vs.  Madrid Gnrl

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, DAX is expected to generate 1.43 times more return on investment than Madrid Gnrl. However, DAX is 1.43 times more volatile than Madrid Gnrl. It trades about -0.24 of its potential returns per unit of risk. Madrid Gnrl is currently generating about -0.39 per unit of risk. If you would invest  1,235,082  in DAX on September 22, 2018 and sell it today you would lose (70,587)  from holding DAX or give up 5.72% of portfolio value over 30 days.

Pair Corralation between DAX and Madrid Gnrl

Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

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

Comparative Volatility

 Predicted Return Density 

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.