Correlation Analysis Between SP 500 and IPC

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

S&P 500  vs.  IPC

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, SP 500 is expected to generate 2.01 times less return on investment than IPC. But when comparing it to its historical volatility, S&P 500 is 1.74 times less risky than IPC. It trades about 0.16 of its potential returns per unit of risk. IPC is currently generating about 0.19 of returns per unit of risk over similar time horizon. If you would invest  4,805,906  in IPC on August 20, 2018 and sell it today you would earn a total of  160,277  from holding IPC or generate 3.34% return on investment over 30 days.

Pair Corralation between SP 500 and IPC

0.43
Time Period1 Month [change]
DirectionPositive 
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Diversification

Very weak diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

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
$1169.73

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 Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.


 
Search macroaxis.com