- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between Seoul Comp and Stockholm. You can compare the effects of market volatilities on Seoul Comp and Stockholm 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 Stockholm. See also your portfolio center. Please also check ongoing floating volatility patterns of Seoul Comp and Stockholm.
|Horizon||30 Days Login to change|
Predicted Return Density
Seoul Comp vs. Stockholm
Assuming 30 trading days horizon, Seoul Comp is expected to under-perform the Stockholm. In addition to that, Seoul Comp is 1.04 times more volatile than Stockholm. It trades about -0.11 of its total potential returns per unit of risk. Stockholm is currently generating about -0.09 per unit of volatility. If you would invest 56,162 in Stockholm on November 18, 2018 and sell it today you would lose (2,534) from holding Stockholm or give up 4.51% of portfolio value over 30 days.
Pair Corralation between Seoul Comp and Stockholm
|Time Period||2 Months [change]|
Diversification Opportunities for Seoul Comp and Stockholm
Overlapping area represents the amount of risk that can be diversified away by holding Seoul Comp and Stockholm in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Stockholm 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 Stockholm. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Stockholm has no effect on the direction of Seoul Comp i.e. Seoul Comp and Stockholm go up and down completely randomly.