Pair Correlation Between Seoul Comp and AEX Amsterdam

This module allows you to analyze existing cross correlation between Seoul Comp and AEX Amsterdam. You can compare the effects of market volatilities on Seoul Comp and AEX Amsterdam 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 Seoul Comp with a short position of AEX Amsterdam. See also your portfolio center. Please also check ongoing floating volatility patterns of Seoul Comp and AEX Amsterdam.
 Time Horizon     30 Days    Login   to change
 Seoul Comp  vs   AEX Amsterdam
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Seoul Comp is expected to generate 0.16 times more return on investment than AEX Amsterdam. However, Seoul Comp is 6.28 times less risky than AEX Amsterdam. It trades about -0.14 of its potential returns per unit of risk. AEX Amsterdam is currently generating about -0.23 per unit of risk. If you would invest  253,800  in Seoul Comp on January 24, 2018 and sell it today you would lose (8,648)  from holding Seoul Comp or give up 3.41% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Seoul Comp and AEX Amsterdam


Time Period1 Month [change]
ValuesDaily Returns


Very weak diversification

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

Comparative Volatility

 Predicted Return Density