- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between Jakarta Comp and S&P 500. You can compare the effects of market volatilities on Jakarta Comp and SP 500 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 SP 500. See also your portfolio center. Please also check ongoing floating volatility patterns of Jakarta Comp and SP 500.
|Horizon||30 Days Login to change|
Predicted Return Density
Jakarta Comp vs. S&P 500
Assuming 30 trading days horizon, Jakarta Comp is expected to generate 0.57 times more return on investment than SP 500. However, Jakarta Comp is 1.75 times less risky than SP 500. It trades about 0.18 of its potential returns per unit of risk. S&P 500 is currently generating about -0.13 per unit of risk. If you would invest 583,096 in Jakarta Comp on November 16, 2018 and sell it today you would earn a total of 33,888 from holding Jakarta Comp or generate 5.81% return on investment over 30 days.
Pair Corralation between Jakarta Comp and SP 500
|Time Period||2 Months [change]|
Diversification Opportunities for Jakarta Comp and SP 500
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Jakarta Comp and S&P 500 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on SP 500 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 SP 500. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SP 500 has no effect on the direction of Jakarta Comp i.e. Jakarta Comp and SP 500 go up and down completely randomly.