Correlation Analysis Between Jakarta Comp and Stockholm

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

Jakarta Comp  vs.  Stockholm

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  582,181  in Jakarta Comp on May 25, 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 Stockholm

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy3.33%
ValuesDaily Returns

Diversification

Pay attention

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

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1157.66

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