Correlation Analysis Between Bursa Malaysia and ATX

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

Bursa Malaysia  vs.  ATX

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to under-perform the ATX. But the index apears to be less risky and, when comparing its historical volatility, Bursa Malaysia is 1.49 times less risky than ATX. The index trades about -0.05 of its potential returns per unit of risk. The ATX is currently generating about 0.23 of returns per unit of risk over similar time horizon. If you would invest  324,556  in ATX on August 22, 2018 and sell it today you would earn a total of  12,335  from holding ATX or generate 3.8% return on investment over 30 days.

Pair Corralation between Bursa Malaysia and ATX

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy73.91%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1171.09

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 Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.


 
Search macroaxis.com