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.
Horizon     30 Days    Login   to change
Symbolsvs
Compare Efficiency

Comparative Performance

 Predicted Return Density 
      Returns 

Bursa Malaysia  vs.  AEX Amsterdam

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to under-perform the AEX Amsterdam. But the index apears to be less risky and, when comparing its historical volatility, Bursa Malaysia is 1.76 times less risky than AEX Amsterdam. The index trades about -0.12 of its potential returns per unit of risk. The AEX Amsterdam is currently generating about -0.03 of returns per unit of risk over similar time horizon. If you would invest  51,469  in AEX Amsterdam on November 14, 2018 and sell it today you would lose (743.00)  from holding AEX Amsterdam or give up 1.44% of portfolio value over 30 days.

Pair Corralation between Bursa Malaysia and AEX Amsterdam

0.29
Time Period2 Months [change]
DirectionPositive 
StrengthVery Weak
Accuracy93.33%
ValuesDaily Returns

Diversification Opportunities for Bursa Malaysia and AEX Amsterdam

Bursa Malaysia diversification synergy

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.
    Optimize

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.


 
Search macroaxis.com