Correlation Analysis Between ISEQ and AEX Amsterdam

This module allows you to analyze existing cross correlation between ISEQ and AEX Amsterdam. You can compare the effects of market volatilities on ISEQ and AEX Amsterdam 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 ISEQ with a short position of AEX Amsterdam. See also your portfolio center. Please also check ongoing floating volatility patterns of ISEQ and AEX Amsterdam.
Horizon     30 Days    Login   to change
Symbolsvs

ISEQ  vs.  AEX Amsterdam

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, ISEQ is expected to generate 4.08 times less return on investment than AEX Amsterdam. In addition to that, ISEQ is 1.28 times more volatile than AEX Amsterdam. It trades about 0.02 of its total potential returns per unit of risk. AEX Amsterdam is currently generating about 0.09 per unit of volatility. If you would invest  51,469  in AEX Amsterdam on October 15, 2018 and sell it today you would earn a total of  984.00  from holding AEX Amsterdam or generate 1.91% return on investment over 30 days.

Pair Corralation between ISEQ and AEX Amsterdam

0.7
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

ISEQ diversification synergy

Poor diversification

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

 Predicted Return Density 
      Returns 

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1036.05

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