Correlation Analysis Between SPTSX Comp and Greece TR

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

SPTSX Comp  vs.  Greece TR

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, SPTSX Comp is expected to generate 0.12 times more return on investment than Greece TR. However, SPTSX Comp is 8.03 times less risky than Greece TR. It trades about 0.17 of its potential returns per unit of risk. Greece TR is currently generating about -0.01 per unit of risk. If you would invest  1,616,231  in SPTSX Comp on May 20, 2018 and sell it today you would earn a total of  22,129  from holding SPTSX Comp or generate 1.37% return on investment over 30 days.

Pair Corralation between SPTSX Comp and Greece TR

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy96.77%
ValuesDaily Returns

Diversification

Pay attention

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

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See also your portfolio center. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.