Correlation Analysis Between Seoul Comp and Russia TR

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

Seoul Comp  vs.  Russia TR

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Seoul Comp is expected to under-perform the Russia TR. But the index apears to be less risky and, when comparing its historical volatility, Seoul Comp is 1.08 times less risky than Russia TR. The index trades about -0.14 of its potential returns per unit of risk. The Russia TR is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest  122,970  in Russia TR on November 9, 2018 and sell it today you would earn a total of  1,093  from holding Russia TR or generate 0.89% return on investment over 30 days.

Pair Corralation between Seoul Comp and Russia TR

Time Period2 Months [change]
ValuesDaily Returns


Seoul Comp diversification synergy

Average diversification

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

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.