Macroaxis: Personalized Investing

Personalized Investing and

Digital Wealth Optimization

Benchmark  United States  NYSE  11,167   25.6172  -0.2289% 


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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   
Benchmark  Embed   Timeline 
Assuming 30 trading days horizon, SP 500 is expected to generate 18.94 times less return on investment than ACREX. But when comparing it to its historical volatility, S&P 500 is 4.8 times less risky than ACREX. It trades about 0.1 of its potential returns per unit of risk. ACREX VENTURES LTD is currently generating about 0.41 of returns per unit of risk over similar time horizon. If you would invest  2.00  in ACREX VENTURES LTD on March 29, 2015 and sell it today you would earn a total of  0.12  from holding ACREX VENTURES LTD or generate 6.0% return on investment over 30 days.

Correlation Coefficient

0.27

Parameters

Time Period1 Month [change]
DirectionPositive AXVEF.OB Moved Up vs ^GSPC
StrengthVery Weak
Accuracy28.57%
ValuesDaily Returns

Diversification

Modest 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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Historical Performance Chart

Comparative Volatility

Predicted Return Density  
Benchmark  Embed   Returns 

S&P 500

  

Pair trading matchups for SP 500

Trent Ltd vs. S&P 500
HCL Infosystems Limited vs. S&P 500
Cardinal Health Inc vs. S&P 500
MB Financial Inc vs. S&P 500
Harris Corporation vs. S&P 500
IberiaBank Corp vs. S&P 500
Ricoh India Limited vs. S&P 500
PGE Corporation vs. S&P 500
Sears Holdings Corporation vs. S&P 500
Apollo Tyres Ltd vs. S&P 500
Deepak Fertilisers And Petrochemicals Corporation Limited vs. S&P 500
The Travelers Companies Inc 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 26 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for ACREX

Federal National Mortgage Association vs. ACREX VENTURES LTD
TEVA PHARMA IND vs. ACREX VENTURES LTD
FED NATL MTG PFD I vs. ACREX VENTURES LTD
Japan Tobacco Inc vs. ACREX VENTURES LTD
SK Innovation vs. ACREX VENTURES LTD
China Telecom Corp Ltd vs. ACREX VENTURES LTD
AP M vs. ACREX VENTURES LTD
BK HAPOALIM vs. ACREX VENTURES LTD
Citigroup Inc vs. ACREX VENTURES LTD