Correlation Analysis Between Jakarta Comp and Straits Tms

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

Jakarta Comp  vs.  Straits Tms

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Jakarta Comp is expected to generate 0.83 times more return on investment than Straits Tms. However, Jakarta Comp is 1.21 times less risky than Straits Tms. It trades about 0.23 of its potential returns per unit of risk. Straits Tms is currently generating about 0.05 per unit of risk. If you would invest  574,556  in Jakarta Comp on November 13, 2018 and sell it today you would earn a total of  43,216  from holding Jakarta Comp or generate 7.52% return on investment over 30 days.

Pair Corralation between Jakarta Comp and Straits Tms

Time Period2 Months [change]
ValuesDaily Returns


Jakarta Comp diversification synergy

Poor diversification

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

Comparative Volatility

 Predicted Return Density 

My Equities

My Current Equities and Potential Positions

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TGT - USA Stock
Target Corporation
Consumer, Diversified Wholesale And Retail
RegionNorth America
ExchangeNew York Stock Exchange

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