This module allows you to analyze existing cross correlation between IBEX 35 and Straits Tms. You can compare the effects of market volatilities on IBEX 35 and Straits Tms 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 IBEX 35 with a short position of Straits Tms. See also your portfolio center
. Please also check ongoing floating volatility patterns of IBEX 35
and Straits Tms
IBEX 35 vs. Straits Tms
Assuming 30 trading days horizon, IBEX 35 is expected to generate 4.88 times less return on investment than Straits Tms. But when comparing it to its historical volatility, IBEX 35 is 1.3 times less risky than Straits Tms. It trades about 0.0 of its potential returns per unit of risk. Straits Tms is currently generating about 0.01 of returns per unit of risk over similar time horizon. If you would invest 355,585 in Straits Tms on March 28, 2018 and sell it today you would earn a total of 1,216 from holding Straits Tms or generate 0.34% return on investment over 30 days.
Pair Corralation between IBEX 35 and Straits Tms
|Time Period||2 Months [change]|
Overlapping area represents the amount of risk that can be diversified away by holding IBEX 35 and Straits Tms in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Straits Tms and IBEX 35 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 IBEX 35 are associated (or correlated) with Straits Tms. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Straits Tms has no effect on the direction of IBEX 35 i.e. IBEX 35 and Straits Tms go up and down completely randomly.
|IT, Search Cloud And Integrated IT Services|
|Business Address||1600 Amphitheatre Parkway|
Alphabet cannot be verified against its exchange. It appears that Alphabet is not available for investing at this time. Please verify the symbol is currently traded on NASDAQ. If you still believe the symbol you are trying to look up is valid please let us know
and we will check it as soon as possible.
Try Other Suggestions
|GTVJX||Goldman Sachs Target Date 2030||Fund|
|GTVMX||Goldman Sachs Target Date 2040||Fund|
|GTVOX||Goldman Sachs Target Date 2035||Fund|
|GTVSX||Goldman Sachs Target Date 2050||Fund|
|FPPXX||Government Obligations Fund Cl||Fund|
|ELKMF||Gold Road Resources Limited||Stock|
|GCGAX||Goldman Sachs Concentrated Gro||Fund|