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Benchmark  United States  NYSE  11,039   14.662 Index Moved Up 0.13%  


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Collecting data for ^GSPC and AXVEF ...

Correlation analysis between SP 500 and ACREX

   
Investment horizon:  
  30 Days    Login   to change
  
 
This module allows you to analyze existing cross correlation between S&P 500 and ACREX VENTURES LTD. You can compare the effects of market volatilities on SP 500 and ACREX 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 ACREX. Please also check ongoing floating volatility patterns of SP 500 and ACREX.
 
 S&P 500  vs   ACREX VENTURES LTD
Daily Returns (%)
GSPC   AXVEF   
 
Change Benchmark  Embed  Timeline 
Assuming 30 trading days horizon, SP 500 is expected to generate 8.5401592933840528E16 times less return on investment than ACREX. But when comparing it to its historical volatility, S&P 500 is 5.2207022826609544E16 times less risky than ACREX. It trades about 0.18 of its potential returns per unit of risk. ACREX VENTURES LTD is currently generating about 0.29 of returns per unit of risk over similar time horizon. If you would invest 0.00  in ACREX VENTURES LTD on June 25, 2014 and sell it today you would earn a total of  1.00  from holding ACREX VENTURES LTD or generate 9.223372036854776E16% return on investment over 30 days.

Diversification

Average diversification
Overlapping area represents amount of risk that can be diversified away by holding S&P 500 and ACREX VENTURES LTD in the same portfolio assuming nothing else is changed
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Correlation Coefficient

0.17
Parameters
Time Period1 Month [change]
DirectionPositive AXVEF.OB Moved Up vs ^GSPC
StrengthInsignificant
Accuracy57.14%
ValuesDaily Returns
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Historical Performance Chart

Comparative Volatility

Predicted Return Density
 
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Returns:   
GSPC   AXVEF   

S&P 500

  

Pair trading matchups for SP 500

Capital One Financial Corporation vs. S&P 500
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ACE Limited vs. S&P 500
  

ACREX VENTURES LTD

  
Compared with the overall equity markets, risk-adjusted returns on investments in ACREX VENTURES LTD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for ACREX

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JUPITER TELECOMMUNIC vs. ACREX VENTURES LTD


 
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