Pair Correlation 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
 Bursa Malaysia  vs   AEX Amsterdam
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 0.7 times more return on investment than AEX Amsterdam. However, Bursa Malaysia is 1.43 times less risky than AEX Amsterdam. It trades about 0.02 of its potential returns per unit of risk. AEX Amsterdam is currently generating about -0.25 per unit of risk. If you would invest  183,315  in Bursa Malaysia on January 20, 2018 and sell it today you would earn a total of  513.00  from holding Bursa Malaysia or generate 0.28% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Bursa Malaysia and AEX Amsterdam


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


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.

Comparative Volatility

 Predicted Return Density