Correlation Analysis Between IBEX 35 and Shanghai

This module allows you to analyze existing cross correlation between IBEX 35 and Shanghai. You can compare the effects of market volatilities on IBEX 35 and Shanghai 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 Shanghai. See also your portfolio center. Please also check ongoing floating volatility patterns of IBEX 35 and Shanghai.
Horizon     30 Days    Login   to change

IBEX 35  vs.  Shanghai

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, IBEX 35 is expected to generate 0.78 times more return on investment than Shanghai. However, IBEX 35 is 1.28 times less risky than Shanghai. It trades about -0.22 of its potential returns per unit of risk. Shanghai is currently generating about -0.18 per unit of risk. If you would invest  948,630  in IBEX 35 on September 20, 2018 and sell it today you would lose (59,420)  from holding IBEX 35 or give up 6.26% of portfolio value over 30 days.

Pair Corralation between IBEX 35 and Shanghai

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding IBEX 35 and Shanghai in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Shanghai 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 Shanghai. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Shanghai has no effect on the direction of IBEX 35 i.e. IBEX 35 and Shanghai go up and down completely randomly.

Comparative Volatility

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.