This module allows you to analyze existing cross correlation between Jakarta Comp and FTSE 100. You can compare the effects of market volatilities on Jakarta Comp and FTSE 100 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 FTSE 100. See also your portfolio center
. Please also check ongoing floating volatility patterns of Jakarta Comp
and FTSE 100
Jakarta Comp vs FTSE 100
If you would invest 592,955 in Jakarta Comp on October 20, 2017 and sell it today you would earn a total of 12,218 from holding Jakarta Comp or generate 2.06% return on investment over 30 days.
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Jakarta Comp and FTSE 100 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on FTSE 100 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 FTSE 100. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FTSE 100 has no effect on the direction of Jakarta Comp i.e. Jakarta Comp and FTSE 100 go up and down completely randomly.