Correlation Analysis Between Bursa Malaysia and NYSE

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

Bursa Malaysia  vs.  NYSE

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 1.39 times more return on investment than NYSE. However, Bursa Malaysia is 1.39 times more volatile than NYSE. It trades about 0.18 of its potential returns per unit of risk. NYSE is currently generating about 0.08 per unit of risk. If you would invest  170,975  in Bursa Malaysia on June 20, 2018 and sell it today you would earn a total of  4,949  from holding Bursa Malaysia or generate 2.89% return on investment over 30 days.

Pair Corralation between Bursa Malaysia and NYSE

0.09
Time Period1 Month [change]
DirectionPositive 
StrengthInsignificant
Accuracy87.5%
ValuesDaily Returns

Diversification

Significant diversification

Overlapping area represents the amount of risk that can be diversified away by holding Bursa Malaysia and NYSE in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NYSE 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 NYSE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NYSE has no effect on the direction of Bursa Malaysia i.e. Bursa Malaysia and NYSE 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 Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.


 
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