Correlation Analysis Between Jakarta Comp and DAX

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

Jakarta Comp  vs.  DAX

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Jakarta Comp is expected to generate 0.84 times more return on investment than DAX. However, Jakarta Comp is 1.18 times less risky than DAX. It trades about 0.03 of its potential returns per unit of risk. DAX is currently generating about 0.0 per unit of risk. If you would invest  582,181  in Jakarta Comp on June 22, 2018 and sell it today you would earn a total of  5,097  from holding Jakarta Comp or generate 0.88% return on investment over 30 days.

Pair Corralation between Jakarta Comp and DAX

0.81
Time Period1 Month [change]
DirectionPositive 
StrengthStrong
Accuracy96.55%
ValuesDaily Returns

Diversification

Very poor diversification

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

 Predicted Return Density 
      Returns 

My Equities

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1186.96

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See also your portfolio center. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.


 
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