Correlation Analysis Between Nasdaq and SPTSX Comp

This module allows you to analyze existing cross correlation between Nasdaq and SPTSX Comp. You can compare the effects of market volatilities on Nasdaq and SPTSX 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 Nasdaq with a short position of SPTSX Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of Nasdaq and SPTSX Comp.
 Time Horizon     30 Days    Login   to change
Symbolsvs

Nasdaq  vs.  SPTSX Comp

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,642,100  in SPTSX Comp on May 22, 2018 and sell it today you would earn a total of  0.00  from holding SPTSX Comp or generate 0.0% return on investment over 30 days.

Pair Corralation between Nasdaq and SPTSX Comp

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

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

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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.