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This module allows you to analyze existing cross correlation between Bursa Malaysia and ISEQ. You can compare the effects of market volatilities on Bursa Malaysia and ISEQ 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 ISEQ. See also your portfolio center. Please also check ongoing floating volatility patterns of Bursa Malaysia and ISEQ.
|Horizon||30 Days Login to change|
Predicted Return Density
Bursa Malaysia vs. ISEQ
Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 0.44 times more return on investment than ISEQ. However, Bursa Malaysia is 2.29 times less risky than ISEQ. It trades about -0.12 of its potential returns per unit of risk. ISEQ is currently generating about -0.16 per unit of risk. If you would invest 172,874 in Bursa Malaysia on November 14, 2018 and sell it today you would lose (5,274) from holding Bursa Malaysia or give up 3.05% of portfolio value over 30 days.
Pair Corralation between Bursa Malaysia and ISEQ
|Time Period||2 Months [change]|
Diversification Opportunities for Bursa Malaysia and ISEQ
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Bursa Malaysia and ISEQ in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ISEQ 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 ISEQ. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ISEQ has no effect on the direction of Bursa Malaysia i.e. Bursa Malaysia and ISEQ go up and down completely randomly.