Correlation Analysis Between Bursa Malaysia and AEX Amsterdam

This module allows you to analyze existing cross correlation between Bursa Malaysia and AEX Amsterdam. You can compare the effects of market volatilities on Bursa Malaysia and AEX Amsterdam 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 Bursa Malaysia with a short position of AEX Amsterdam. See also your portfolio center. Please also check ongoing floating volatility patterns of Bursa Malaysia and AEX Amsterdam.
 Time Horizon     30 Days    Login   to change
Symbolsvs

Bursa Malaysia  vs.  AEX Amsterdam

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to under-perform the AEX Amsterdam. In addition to that, Bursa Malaysia is 1.16 times more volatile than AEX Amsterdam. It trades about -0.11 of its total potential returns per unit of risk. AEX Amsterdam is currently generating about 0.16 per unit of volatility. If you would invest  78,297  in AEX Amsterdam on May 26, 2018 and sell it today you would earn a total of  1,560  from holding AEX Amsterdam or generate 1.99% return on investment over 30 days.

Pair Corralation between Bursa Malaysia and AEX Amsterdam

0.22
Time Period1 Month [change]
DirectionPositive 
StrengthVery Weak
Accuracy90.0%
ValuesDaily Returns

Diversification

Modest diversification

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

 Predicted Return Density 
      Returns 

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See also your portfolio center. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.