Correlation Analysis Between ISEQ and Taiwan Wtd

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

ISEQ  vs.  Taiwan Wtd

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, ISEQ is expected to under-perform the Taiwan Wtd. In addition to that, ISEQ is 1.16 times more volatile than Taiwan Wtd. It trades about -0.17 of its total potential returns per unit of risk. Taiwan Wtd is currently generating about -0.03 per unit of volatility. If you would invest  980,611  in Taiwan Wtd on November 10, 2018 and sell it today you would lose (15,857)  from holding Taiwan Wtd or give up 1.62% of portfolio value over 30 days.

Pair Corralation between ISEQ and Taiwan Wtd

Time Period2 Months [change]
StrengthVery Weak
ValuesDaily Returns


ISEQ diversification synergy

Weak diversification

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

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..