Correlation Analysis Between Bursa Malaysia and OMXRGI

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

Bursa Malaysia  vs.  OMXRGI

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to under-perform the OMXRGI. But the index apears to be less risky and, when comparing its historical volatility, Bursa Malaysia is 2.19 times less risky than OMXRGI. The index trades about -0.16 of its potential returns per unit of risk. The OMXRGI is currently generating about 0.11 of returns per unit of risk over similar time horizon. If you would invest  93,536  in OMXRGI on November 13, 2018 and sell it today you would earn a total of  3,489  from holding OMXRGI or generate 3.73% return on investment over 30 days.

Pair Corralation between Bursa Malaysia and OMXRGI

0.47
Time Period2 Months [change]
DirectionPositive 
StrengthWeak
Accuracy65.85%
ValuesDaily Returns

Diversification

Bursa Malaysia diversification synergy

Very weak diversification

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

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions

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TGT - USA Stock
Target Corporation
Specialization
Consumer, Diversified Wholesale And Retail
RegionNorth America
ExchangeNew York Stock Exchange
$66.68

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