Correlation Analysis Between Seoul Comp and Bursa Malaysia

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

Seoul Comp  vs.  Bursa Malaysia

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Seoul Comp is expected to generate 1.17 times more return on investment than Bursa Malaysia. However, Seoul Comp is 1.17 times more volatile than Bursa Malaysia. It trades about 0.21 of its potential returns per unit of risk. Bursa Malaysia is currently generating about 0.02 per unit of risk. If you would invest  228,067  in Seoul Comp on August 24, 2018 and sell it today you would earn a total of  5,850  from holding Seoul Comp or generate 2.57% return on investment over 30 days.

Pair Corralation between Seoul Comp and Bursa Malaysia

0.35
Time Period1 Month [change]
DirectionPositive 
StrengthVery Weak
Accuracy80.95%
ValuesDaily Returns

Diversification

Weak diversification

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

 Predicted Return Density 
      Returns 

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Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1171.09

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