Correlation Analysis Between Jakarta Comp and BSE

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

Jakarta Comp  vs.  BSE

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Jakarta Comp is expected to generate 1.33 times less return on investment than BSE. In addition to that, Jakarta Comp is 2.02 times more volatile than BSE. It trades about 0.06 of its total potential returns per unit of risk. BSE is currently generating about 0.15 per unit of volatility. If you would invest  3,568,960  in BSE on June 23, 2018 and sell it today you would earn a total of  80,677  from holding BSE or generate 2.26% return on investment over 30 days.

Pair Corralation between Jakarta Comp and BSE

Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

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

Comparative Volatility

 Predicted Return Density 

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