Correlation Analysis Between Seoul Comp and IPC

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

Seoul Comp  vs.  IPC

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Seoul Comp is expected to under-perform the IPC. In addition to that, Seoul Comp is 1.41 times more volatile than IPC. It trades about -0.2 of its total potential returns per unit of risk. IPC is currently generating about 0.17 per unit of volatility. If you would invest  4,530,502  in IPC on May 21, 2018 and sell it today you would earn a total of  118,336  from holding IPC or generate 2.61% return on investment over 30 days.

Pair Corralation between Seoul Comp and IPC

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

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

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See also your portfolio center. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.