Correlation Analysis Between Jakarta Comp and Russia TR

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

Jakarta Comp  vs.  Russia TR

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Jakarta Comp is expected to generate 0.6 times more return on investment than Russia TR. However, Jakarta Comp is 1.66 times less risky than Russia TR. It trades about 0.1 of its potential returns per unit of risk. Russia TR is currently generating about -0.13 per unit of risk. If you would invest  574,556  in Jakarta Comp on October 14, 2018 and sell it today you would earn a total of  8,964  from holding Jakarta Comp or generate 1.56% return on investment over 30 days.

Pair Corralation between Jakarta Comp and Russia TR

0.46
Time Period1 Month [change]
DirectionPositive 
StrengthWeak
Accuracy95.24%
ValuesDaily Returns

Diversification

Jakarta Comp diversification synergy

Very weak diversification

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

 Predicted Return Density 
      Returns 

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GOOG - USA Stock
Alphabet
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IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1036.05

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