Correlation Analysis Between SPTSX Comp and BSE

This module allows you to analyze existing cross correlation between SPTSX Comp and BSE. You can compare the effects of market volatilities on SPTSX Comp and BSE 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 SPTSX Comp with a short position of BSE. See also your portfolio center. Please also check ongoing floating volatility patterns of SPTSX Comp and BSE.
Horizon     30 Days    Login   to change
Symbolsvs

SPTSX Comp  vs.  BSE

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  3,431,563  in BSE on September 21, 2018 and sell it today you would earn a total of  0.00  from holding BSE or generate 0.0% return on investment over 30 days.

Pair Corralation between SPTSX Comp and BSE

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding SPTSX Comp and BSE in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BSE and SPTSX Comp 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 SPTSX Comp are associated (or correlated) with BSE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BSE has no effect on the direction of SPTSX Comp i.e. SPTSX Comp and BSE go up and down completely randomly.
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Comparative Volatility

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