Correlation Analysis Between Hang Seng and AEX Amsterdam

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

Hang Seng  vs.  AEX Amsterdam

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, Hang Seng is expected to under-perform the AEX Amsterdam. In addition to that, Hang Seng is 1.59 times more volatile than AEX Amsterdam. It trades about -0.16 of its total potential returns per unit of risk. AEX Amsterdam is currently generating about -0.09 per unit of volatility. If you would invest  56,510  in AEX Amsterdam on May 20, 2018 and sell it today you would lose (1,065)  from holding AEX Amsterdam or give up 1.88% of portfolio value over 30 days.

Pair Corralation between Hang Seng and AEX Amsterdam

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 Hang Seng and AEX Amsterdam in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on AEX Amsterdam and Hang Seng 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 Hang Seng are associated (or correlated) with AEX Amsterdam. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of AEX Amsterdam has no effect on the direction of Hang Seng i.e. Hang Seng and AEX Amsterdam go up and down completely randomly.
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Comparative Volatility

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