Pair Correlation Between Jakarta Comp and FTSE 100

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.
Investment Horizon     30 Days    Login   to change
Symbolsvs
 Jakarta Comp  vs   FTSE 100
 Performance (%) 
      Timeline 

Pair Volatility

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.

Correlation Coefficient

Pair Corralation between Jakarta Comp and FTSE 100
0.57

Parameters

Time Period1 Month [change]
DirectionPositive 
StrengthWeak
Accuracy4.55%
ValuesDaily Returns

Diversification

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.
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Comparative Volatility

 Predicted Return Density 
      Returns