This module allows you to analyze existing cross correlation between Hang Seng and Russia TR. You can compare the effects of market volatilities on Hang Seng and Russia 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 Hang Seng with a short position of Russia TR. See also your portfolio center. Please also check ongoing floating volatility patterns of Hang Seng and Russia TR.
|Horizon||30 Days Login to change|
Predicted Return Density
Hang Seng vs. Russia TR
Given the investment horizon of 30 days, Hang Seng is expected to under-perform the Russia TR. In addition to that, Hang Seng is 1.1 times more volatile than Russia TR. It trades about -0.09 of its total potential returns per unit of risk. Russia TR is currently generating about 0.05 per unit of volatility. If you would invest 143,537 in Russia TR on September 21, 2019 and sell it today you would earn a total of 2,772 from holding Russia TR or generate 1.93% return on investment over 30 days.
Pair Corralation between Hang Seng and Russia TR
|Time Period||3 Months [change]|
Diversification Opportunities for Hang Seng and Russia TR
Overlapping area represents the amount of risk that can be diversified away by holding Hang Seng and Russia TR in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Russia TR 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 Russia TR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Russia TR has no effect on the direction of Hang Seng i.e. Hang Seng and Russia TR go up and down completely randomly.
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