Correlation Analysis Between Jakarta Comp and Seoul Comp

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

Jakarta Comp  vs.  Seoul Comp

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  589,073  in Jakarta Comp on June 19, 2018 and sell it today you would earn a total of  0.00  from holding Jakarta Comp or generate 0.0% return on investment over 30 days.

Pair Corralation between Jakarta Comp and Seoul Comp

0.78
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy3.45%
ValuesDaily Returns

Diversification

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Jakarta Comp and Seoul Comp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Seoul Comp 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 Seoul Comp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Seoul Comp has no effect on the direction of Jakarta Comp i.e. Jakarta Comp and Seoul Comp 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
$1195.88

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See also your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..