Correlation Analysis Between Bursa Malaysia and OSE All

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

 Predicted Return Density 
      Returns 

Bursa Malaysia  vs.  OSE All

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 0.42 times more return on investment than OSE All. However, Bursa Malaysia is 2.37 times less risky than OSE All. It trades about -0.12 of its potential returns per unit of risk. OSE All is currently generating about -0.12 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 OSE All

0.58
Time Period2 Months [change]
DirectionPositive 
StrengthWeak
Accuracy93.33%
ValuesDaily Returns

Diversification Opportunities for Bursa Malaysia and OSE All

Bursa Malaysia diversification synergy

Very weak diversification

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