Correlation Analysis Between Seoul Comp and SP 500

This module allows you to analyze existing cross correlation between Seoul Comp and S&P 500. You can compare the effects of market volatilities on Seoul Comp and SP 500 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 SP 500. See also your portfolio center. Please also check ongoing floating volatility patterns of Seoul Comp and SP 500.
Horizon     30 Days    Login   to change

Seoul Comp  vs.  S&P 500

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Seoul Comp is expected to under-perform the SP 500. But the index apears to be less risky and, when comparing its historical volatility, Seoul Comp is 1.19 times less risky than SP 500. The index trades about -0.12 of its potential returns per unit of risk. The S&P 500 is currently generating about -0.08 of returns per unit of risk over similar time horizon. If you would invest  276,713  in S&P 500 on November 11, 2018 and sell it today you would lose (12,941)  from holding S&P 500 or give up 4.68% of portfolio value over 30 days.

Pair Corralation between Seoul Comp and SP 500

Time Period2 Months [change]
ValuesDaily Returns


Seoul Comp diversification synergy

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Seoul Comp and S&P 500 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on SP 500 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 SP 500. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SP 500 has no effect on the direction of Seoul Comp i.e. Seoul Comp and SP 500 go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

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 Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.