Pair Correlation Between Jakarta Comp and Bursa Malaysia

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

Pair Volatility

Assuming 30 trading days horizon, Jakarta Comp is expected to generate 5.29 times less return on investment than Bursa Malaysia. But when comparing it to its historical volatility, Jakarta Comp is 1.07 times less risky than Bursa Malaysia. It trades about 0.01 of its potential returns per unit of risk. Bursa Malaysia is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest  184,586  in Bursa Malaysia on January 25, 2018 and sell it today you would earn a total of  921.00  from holding Bursa Malaysia or generate 0.5% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Jakarta Comp and Bursa Malaysia


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Very good diversification

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

Comparative Volatility

 Predicted Return Density