- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between Seoul Comp and BSE. You can compare the effects of market volatilities on Seoul Comp and BSE 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 BSE. See also your portfolio center. Please also check ongoing floating volatility patterns of Seoul Comp and BSE.
|Horizon||30 Days Login to change|
Predicted Return Density
Seoul Comp vs. BSE
Assuming 30 trading days horizon, Seoul Comp is expected to under-perform the BSE. In addition to that, Seoul Comp is 1.05 times more volatile than BSE. It trades about -0.08 of its total potential returns per unit of risk. BSE is currently generating about 0.06 per unit of volatility. If you would invest 3,516,248 in BSE on November 15, 2018 and sell it today you would earn a total of 80,045 from holding BSE or generate 2.28% return on investment over 30 days.
Pair Corralation between Seoul Comp and BSE
|Time Period||2 Months [change]|
Diversification Opportunities for Seoul Comp and BSE
Overlapping area represents the amount of risk that can be diversified away by holding Seoul Comp and BSE in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BSE 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 BSE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BSE has no effect on the direction of Seoul Comp i.e. Seoul Comp and BSE go up and down completely randomly.