Pair Correlation Between Seoul Comp and FTSE 100

This module allows you to analyze existing cross correlation between Seoul Comp and FTSE 100. You can compare the effects of market volatilities on Seoul Comp and FTSE 100 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 FTSE 100. See also your portfolio center. Please also check ongoing floating volatility patterns of Seoul Comp and FTSE 100.
Investment Horizon     30 Days    Login   to change
Symbolsvs
 Seoul Comp  vs   FTSE 100
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  249,049  in Seoul Comp on October 24, 2017 and sell it today you would earn a total of  5,252  from holding Seoul Comp or generate 2.11% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Seoul Comp and FTSE 100
0.55

Parameters

Time Period1 Month [change]
DirectionPositive 
StrengthWeak
Accuracy4.35%
ValuesDaily Returns

Diversification

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Seoul Comp and FTSE 100 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on FTSE 100 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 FTSE 100. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FTSE 100 has no effect on the direction of Seoul Comp i.e. Seoul Comp and FTSE 100 go up and down completely randomly.
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Comparative Volatility

 Predicted Return Density 
      Returns