This module allows you to analyze existing cross correlation between Jakarta Comp and NYSE. You can compare the effects of market volatilities on Jakarta Comp and NYSE 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 NYSE. See also your portfolio center. Please also check ongoing floating volatility patterns of Jakarta Comp and NYSE.
|Horizon||30 Days Login to change|
Predicted Return Density
Jakarta Comp vs. NYSE
Assuming 30 trading days horizon, Jakarta Comp is expected to under-perform the NYSE. But the index apears to be less risky and, when comparing its historical volatility, Jakarta Comp is 1.56 times less risky than NYSE. The index trades about -0.07 of its potential returns per unit of risk. The NYSE is currently generating about 0.0 of returns per unit of risk over similar time horizon. If you would invest 1,311,997 in NYSE on September 15, 2019 and sell it today you would lose (9,507) from holding NYSE or give up 0.72% of portfolio value over 30 days.
Pair Corralation between Jakarta Comp and NYSE
|Time Period||3 Months [change]|
Diversification Opportunities for Jakarta Comp and NYSE
Overlapping area represents the amount of risk that can be diversified away by holding Jakarta Comp and NYSE in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NYSE 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 NYSE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NYSE has no effect on the direction of Jakarta Comp i.e. Jakarta Comp and NYSE go up and down completely randomly.
See also your portfolio center. Please also try Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.