This module allows you to analyze existing cross correlation between Hang Seng and FTSE 100. You can compare the effects of market volatilities on Hang Seng and FTSE 100 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 FTSE 100. See also your portfolio center
. Please also check ongoing floating volatility patterns of Hang Seng
and FTSE 100
Hang Seng vs FTSE 100
If you would invest 747,477 in FTSE 100 on November 13, 2017 and sell it today you would earn a total of 0.00 from holding FTSE 100 or generate 0.0% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Hang Seng and FTSE 100 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on FTSE 100 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 FTSE 100. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FTSE 100 has no effect on the direction of Hang Seng i.e. Hang Seng and FTSE 100 go up and down completely randomly.