Correlation Analysis Between Bursa Malaysia and Straits Tms

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

Bursa Malaysia  vs.  Straits Tms

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bursa Malaysia is expected to generate 0.62 times more return on investment than Straits Tms. However, Bursa Malaysia is 1.62 times less risky than Straits Tms. It trades about 0.28 of its potential returns per unit of risk. Straits Tms is currently generating about -0.01 per unit of risk. If you would invest  173,728  in Bursa Malaysia on July 17, 2018 and sell it today you would earn a total of  4,866  from holding Bursa Malaysia or generate 2.8% return on investment over 30 days.

Pair Corralation between Bursa Malaysia and Straits Tms

0.52
Time Period1 Month [change]
DirectionPositive 
StrengthWeak
Accuracy95.45%
ValuesDaily Returns

Diversification

Very weak diversification

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

 Predicted Return Density 
      Returns 

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