Correlation Analysis Between SP 500 and Madrid Gnrl

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

S&P 500  vs.  Madrid Gnrl

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, S&P 500 is expected to generate 0.79 times more return on investment than Madrid Gnrl. However, S&P 500 is 1.27 times less risky than Madrid Gnrl. It trades about 0.18 of its potential returns per unit of risk. Madrid Gnrl is currently generating about -0.1 per unit of risk. If you would invest  285,698  in S&P 500 on August 26, 2018 and sell it today you would earn a total of  5,209  from holding S&P 500 or generate 1.82% return on investment over 30 days.

Pair Corralation between SP 500 and Madrid Gnrl

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 Madrid Gnrl in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Madrid Gnrl 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 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 SP 500 i.e. SP 500 and Madrid Gnrl go up and down completely randomly.

Comparative Volatility

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