Correlation Analysis Between ISEQ and DAX

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

ISEQ  vs.  DAX

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, ISEQ is expected to under-perform the DAX. In addition to that, ISEQ is 1.31 times more volatile than DAX. It trades about -0.33 of its total potential returns per unit of risk. DAX is currently generating about -0.31 per unit of volatility. If you would invest  1,243,088  in DAX on September 21, 2018 and sell it today you would lose (91,243)  from holding DAX or give up 7.34% of portfolio value over 30 days.

Pair Corralation between ISEQ and DAX

0.96
Time Period1 Month [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification

Almost no diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1096.46

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 Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.


 
Search macroaxis.com