Correlation Analysis Between Jakarta Comp and Hang Seng

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

Jakarta Comp  vs.  Hang Seng

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Jakarta Comp is expected to generate 0.44 times more return on investment than Hang Seng. However, Jakarta Comp is 2.26 times less risky than Hang Seng. It trades about 0.13 of its potential returns per unit of risk. Hang Seng is currently generating about 0.03 per unit of risk. If you would invest  574,556  in Jakarta Comp on October 15, 2018 and sell it today you would earn a total of  11,273  from holding Jakarta Comp or generate 1.96% return on investment over 30 days.

Pair Corralation between Jakarta Comp and Hang Seng

Time Period1 Month [change]
ValuesDaily Returns


Jakarta Comp diversification synergy

Very weak diversification

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

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.