Correlation Analysis Between Seoul Comp and OMXRGI

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

Seoul Comp  vs.  OMXRGI

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  105,969  in OMXRGI on May 26, 2018 and sell it today you would earn a total of  0.00  from holding OMXRGI or generate 0.0% return on investment over 30 days.

Pair Corralation between Seoul Comp and OMXRGI

0.28
Time Period1 Month [change]
DirectionPositive 
StrengthVery Weak
Accuracy3.23%
ValuesDaily Returns

Diversification

Modest diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1114.16

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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.