Correlation Analysis Between Jakarta Comp and ISEQ

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

Jakarta Comp  vs.  ISEQ

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Jakarta Comp is expected to generate 0.72 times more return on investment than ISEQ. However, Jakarta Comp is 1.39 times less risky than ISEQ. It trades about -0.1 of its potential returns per unit of risk. ISEQ is currently generating about -0.33 per unit of risk. If you would invest  583,293  in Jakarta Comp on September 16, 2018 and sell it today you would lose (10,568)  from holding Jakarta Comp or give up 1.81% of portfolio value over 30 days.

Pair Corralation between Jakarta Comp and ISEQ

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

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

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