Pair Correlation Between Bursa Malaysia and Nasdaq

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

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 0.48 times more return on investment than Nasdaq. However, Bursa Malaysia is 2.09 times less risky than Nasdaq. It trades about 0.02 of its potential returns per unit of risk. Nasdaq is currently generating about -0.06 per unit of risk. If you would invest  183,315  in Bursa Malaysia on January 21, 2018 and sell it today you would earn a total of  513.00  from holding Bursa Malaysia or generate 0.28% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Bursa Malaysia and Nasdaq
0.0

Parameters

Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy85.71%
ValuesDaily Returns

Diversification

Pay attention

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

 Predicted Return Density 
      Returns