Correlation Analysis Between ISEQ and NIKKEI 225

This module allows you to analyze existing cross correlation between ISEQ and NIKKEI 225. You can compare the effects of market volatilities on ISEQ and NIKKEI 225 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 NIKKEI 225. See also your portfolio center. Please also check ongoing floating volatility patterns of ISEQ and NIKKEI 225.
Horizon     30 Days    Login   to change
Symbolsvs

ISEQ  vs.  NIKKEI 225

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, ISEQ is expected to generate 46.44 times less return on investment than NIKKEI 225. But when comparing it to its historical volatility, ISEQ is 1.03 times less risky than NIKKEI 225. It trades about 0.01 of its potential returns per unit of risk. NIKKEI 225 is currently generating about 0.42 of returns per unit of risk over similar time horizon. If you would invest  2,219,900  in NIKKEI 225 on August 20, 2018 and sell it today you would earn a total of  153,292  from holding NIKKEI 225 or generate 6.91% return on investment over 30 days.

Pair Corralation between ISEQ and NIKKEI 225

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy95.65%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding ISEQ and NIKKEI 225 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NIKKEI 225 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 NIKKEI 225. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NIKKEI 225 has no effect on the direction of ISEQ i.e. ISEQ and NIKKEI 225 go up and down completely randomly.
    Optimize

Comparative Volatility

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
$1169.73

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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. drill down to check world indexes.


 
Search macroaxis.com