Correlation Analysis Between SP 500 and Bursa Malaysia

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

S&P 500  vs.  Bursa Malaysia

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, SP 500 is expected to generate 2.55 times less return on investment than Bursa Malaysia. But when comparing it to its historical volatility, S&P 500 is 1.28 times less risky than Bursa Malaysia. It trades about 0.12 of its potential returns per unit of risk. Bursa Malaysia is currently generating about 0.24 of returns per unit of risk over similar time horizon. If you would invest  169,232  in Bursa Malaysia on June 21, 2018 and sell it today you would earn a total of  6,235  from holding Bursa Malaysia or generate 3.68% return on investment over 30 days.

Pair Corralation between SP 500 and Bursa Malaysia

-0.58
Time Period1 Month [change]
DirectionNegative 
StrengthVery Weak
Accuracy75.0%
ValuesDaily Returns

Diversification

Excellent diversification

Overlapping area represents the amount of risk that can be diversified away by holding S&P 500 and Bursa Malaysia in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bursa Malaysia 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 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 SP 500 i.e. SP 500 and Bursa Malaysia go up and down completely randomly.
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Comparative Volatility

 Predicted Return Density 
      Returns 

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Alphabet
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