Correlation Analysis Between Bursa Malaysia and IBEX 35

This module allows you to analyze existing cross correlation between Bursa Malaysia and IBEX 35. You can compare the effects of market volatilities on Bursa Malaysia and IBEX 35 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 IBEX 35. See also your portfolio center. Please also check ongoing floating volatility patterns of Bursa Malaysia and IBEX 35.
Horizon     30 Days    Login   to change
Symbolsvs

Bursa Malaysia  vs.  IBEX 35

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 0.54 times more return on investment than IBEX 35. However, Bursa Malaysia is 1.84 times less risky than IBEX 35. It trades about -0.26 of its potential returns per unit of risk. IBEX 35 is currently generating about -0.22 per unit of risk. If you would invest  180,370  in Bursa Malaysia on September 20, 2018 and sell it today you would lose (7,156)  from holding Bursa Malaysia or give up 3.97% of portfolio value over 30 days.

Pair Corralation between Bursa Malaysia and IBEX 35

0.89
Time Period1 Month [change]
DirectionPositive 
StrengthStrong
Accuracy100.0%
ValuesDaily Returns

Diversification

Very poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Bursa Malaysia and IBEX 35 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on IBEX 35 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 IBEX 35. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IBEX 35 has no effect on the direction of Bursa Malaysia i.e. Bursa Malaysia and IBEX 35 go up and down completely randomly.
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Comparative Volatility

 Predicted Return Density 
      Returns 

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