Correlation Analysis Between Bursa Malaysia and Madrid Gnrl

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

Bursa Malaysia  vs.  Madrid Gnrl

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 0.72 times more return on investment than Madrid Gnrl. However, Bursa Malaysia is 1.38 times less risky than Madrid Gnrl. It trades about 0.18 of its potential returns per unit of risk. Madrid Gnrl is currently generating about -0.24 per unit of risk. If you would invest  175,307  in Bursa Malaysia on July 18, 2018 and sell it today you would earn a total of  3,040  from holding Bursa Malaysia or generate 1.73% return on investment over 30 days.

Pair Corralation between Bursa Malaysia and Madrid Gnrl

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy95.65%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1206.49

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.