Correlation Analysis Between Hang Seng and ATX

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

Hang Seng  vs.  ATX

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  2,789,550  in Hang Seng on August 22, 2018 and sell it today you would earn a total of  5,808  from holding Hang Seng or generate 0.21% return on investment over 30 days.

Pair Corralation between Hang Seng and ATX

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.55%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1171.09

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try ETF Directory module to find actively-traded exchange traded funds (etf) from around the world.


 
Search macroaxis.com