Pair Correlation 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
 Jakarta Comp  vs   Stockholm
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Jakarta Comp is expected to generate 0.76 times more return on investment than Stockholm. However, Jakarta Comp is 1.32 times less risky than Stockholm. It trades about 0.14 of its potential returns per unit of risk. Stockholm is currently generating about -0.15 per unit of risk. If you would invest  650,053  in Jakarta Comp on January 22, 2018 and sell it today you would earn a total of  16,235  from holding Jakarta Comp or generate 2.5% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Jakarta Comp and Stockholm


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Weak diversification

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.

Comparative Volatility

 Predicted Return Density