Pair Correlation Between Jakarta Comp and XU100

This module allows you to analyze existing cross correlation between Jakarta Comp and XU100. You can compare the effects of market volatilities on Jakarta Comp and XU100 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 XU100. See also your portfolio center. Please also check ongoing floating volatility patterns of Jakarta Comp and XU100.
 Time Horizon     30 Days    Login   to change
 Jakarta Comp  vs   XU100
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Jakarta Comp is expected to under-perform the XU100. But the index apears to be less risky and, when comparing its historical volatility, Jakarta Comp is 1.26 times less risky than XU100. The index trades about -0.36 of its potential returns per unit of risk. The XU100 is currently generating about 0.21 of returns per unit of risk over similar time horizon. If you would invest  11,343,285  in XU100 on February 20, 2018 and sell it today you would earn a total of  421,845  from holding XU100 or generate 3.72% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Jakarta Comp and XU100


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Jakarta Comp and XU100 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on XU100 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 XU100. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of XU100 has no effect on the direction of Jakarta Comp i.e. Jakarta Comp and XU100 go up and down completely randomly.

Comparative Volatility

 Predicted Return Density