Pair Correlation Between Seoul Comp and NYSE

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

Pair Volatility

Assuming 30 trading days horizon, Seoul Comp is expected to generate 0.79 times more return on investment than NYSE. However, Seoul Comp is 1.26 times less risky than NYSE. It trades about -0.2 of its potential returns per unit of risk. NYSE is currently generating about -0.18 per unit of risk. If you would invest  257,476  in Seoul Comp on January 26, 2018 and sell it today you would lose (12,324)  from holding Seoul Comp or give up 4.79% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Seoul Comp and NYSE


Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

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

Comparative Volatility

 Predicted Return Density