Correlation Analysis Between ISEQ and Jakarta Comp

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

Comparative Performance

 Predicted Return Density 
      Returns 

ISEQ  vs.  Jakarta Comp

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, ISEQ is expected to under-perform the Jakarta Comp. In addition to that, ISEQ is 1.78 times more volatile than Jakarta Comp. It trades about -0.15 of its total potential returns per unit of risk. Jakarta Comp is currently generating about 0.22 per unit of volatility. If you would invest  574,556  in Jakarta Comp on November 14, 2018 and sell it today you would earn a total of  42,428  from holding Jakarta Comp or generate 7.38% return on investment over 30 days.

Pair Corralation between ISEQ and Jakarta Comp

-0.82
Time Period2 Months [change]
DirectionNegative 
StrengthSignificant
Accuracy93.33%
ValuesDaily Returns

Diversification Opportunities for ISEQ and Jakarta Comp

ISEQ diversification synergy

Pay attention

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

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 Transaction History module to view history of all your transactions and understand their impact on performance.


 
Search macroaxis.com