Correlation Analysis Between ISEQ and All Ords

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

ISEQ  vs.  All Ords

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, ISEQ is expected to under-perform the All Ords. In addition to that, ISEQ is 1.24 times more volatile than All Ords. It trades about -0.21 of its total potential returns per unit of risk. All Ords is currently generating about 0.2 per unit of volatility. If you would invest  632,010  in All Ords on July 21, 2018 and sell it today you would earn a total of  11,500  from holding All Ords or generate 1.82% return on investment over 30 days.

Pair Corralation between ISEQ and All Ords

-0.45
Time Period1 Month [change]
DirectionNegative 
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns

Diversification

Very good diversification

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

 Predicted Return Density 
      Returns 

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Alphabet
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ExchangeNASDAQ
$1205.74

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See also your portfolio center. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.