Correlation Analysis Between SP 500 and ATX

This module allows you to analyze existing cross correlation between S&P 500 and ATX. You can compare the effects of market volatilities on SP 500 and ATX 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 SP 500 with a short position of ATX. See also your portfolio center. Please also check ongoing floating volatility patterns of SP 500 and ATX.
Horizon     30 Days    Login   to change

S&P 500  vs.  ATX

 Performance (%) 

Pair Volatility

If you would invest  329,067  in ATX on August 26, 2018 and sell it today you would earn a total of  7,612  from holding ATX or generate 2.31% return on investment over 30 days.

Pair Corralation between SP 500 and ATX

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding S&P 500 and ATX in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ATX and SP 500 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 S&P 500 are associated (or correlated) with ATX. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ATX has no effect on the direction of SP 500 i.e. SP 500 and ATX go up and down completely randomly.

Comparative Volatility

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