Correlation Analysis Between Seoul Comp and Swiss Mrt

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

Seoul Comp  vs.  Swiss Mrt

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Seoul Comp is expected to under-perform the Swiss Mrt. But the index apears to be less risky and, when comparing its historical volatility, Seoul Comp is 1.01 times less risky than Swiss Mrt. The index trades about -0.19 of its potential returns per unit of risk. The Swiss Mrt is currently generating about -0.1 of returns per unit of risk over similar time horizon. If you would invest  879,494  in Swiss Mrt on May 23, 2018 and sell it today you would lose (23,290)  from holding Swiss Mrt or give up 2.65% of portfolio value over 30 days.

Pair Corralation between Seoul Comp and Swiss Mrt

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy96.77%
ValuesDaily Returns

Diversification

Pay attention

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

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