Correlation Analysis Between MerVal and DAX

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

MerVal  vs.  DAX

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  2,966,490  in MerVal on May 24, 2018 and sell it today you would lose (11,303)  from holding MerVal or give up 0.38% of portfolio value over 30 days.

Pair Corralation between MerVal and DAX

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy6.67%
ValuesDaily Returns

Diversification

Pay attention

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

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