Correlation Analysis Between Seoul Comp and Straits Tms

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

Seoul Comp  vs.  Straits Tms

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  224,807  in Seoul Comp on August 20, 2018 and sell it today you would earn a total of  5,524  from holding Seoul Comp or generate 2.46% return on investment over 30 days.

Pair Corralation between Seoul Comp and Straits Tms

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.55%
ValuesDaily Returns

Diversification

Pay attention

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

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