Pair Correlation 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.
 Time Horizon     30 Days    Login   to change
 ISEQ  vs   Jakarta Comp
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, ISEQ is expected to under-perform the Jakarta Comp. In addition to that, ISEQ is 1.24 times more volatile than Jakarta Comp. It trades about -0.22 of its total potential returns per unit of risk. Jakarta Comp is currently generating about 0.1 per unit of volatility. If you would invest  649,090  in Jakarta Comp on January 19, 2018 and sell it today you would earn a total of  10,068  from holding Jakarta Comp or generate 1.55% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between ISEQ and Jakarta Comp


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Modest diversification

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.

Comparative Volatility

 Predicted Return Density