Correlation Analysis Between ISEQ and EURONEXT BEL-20

This module allows you to analyze existing cross correlation between ISEQ and EURONEXT BEL-20. You can compare the effects of market volatilities on ISEQ and EURONEXT BEL-20 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 EURONEXT BEL-20. See also your portfolio center. Please also check ongoing floating volatility patterns of ISEQ and EURONEXT BEL-20.
Horizon     30 Days    Login   to change
Symbolsvs

ISEQ  vs.  EURONEXT BEL-20

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  350,446  in EURONEXT BEL-20 on September 21, 2018 and sell it today you would earn a total of  0.00  from holding EURONEXT BEL-20 or generate 0.0% return on investment over 30 days.

Pair Corralation between ISEQ and EURONEXT BEL-20

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding ISEQ and EURONEXT BEL-20 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on EURONEXT BEL-20 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 EURONEXT BEL-20. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EURONEXT BEL-20 has no effect on the direction of ISEQ i.e. ISEQ and EURONEXT BEL-20 go up and down completely randomly.
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Comparative Volatility

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