Correlation Analysis Between Bursa Malaysia and ISEQ

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.
 Time Horizon     30 Days    Login   to change
Symbolsvs

Bursa Malaysia  vs.  ISEQ

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 1.25 times more return on investment than ISEQ. However, Bursa Malaysia is 1.25 times more volatile than ISEQ. It trades about -0.11 of its potential returns per unit of risk. ISEQ is currently generating about -0.23 per unit of risk. If you would invest  171,928  in Bursa Malaysia on May 26, 2018 and sell it today you would lose (2,513)  from holding Bursa Malaysia or give up 1.46% of portfolio value over 30 days.

Pair Corralation between Bursa Malaysia and ISEQ

0.54
Time Period1 Month [change]
DirectionPositive 
StrengthWeak
Accuracy85.71%
ValuesDaily Returns

Diversification

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.
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Comparative Volatility

 Predicted Return Density 
      Returns 

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See also your portfolio center. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.