Correlation Analysis Between MerVal and Bursa Malaysia

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

MerVal  vs.  Bursa Malaysia

 Performance (%) 

Pair Volatility

If you would invest  2,909,585  in MerVal on May 25, 2018 and sell it today you would earn a total of  111,476  from holding MerVal or generate 3.83% return on investment over 30 days.

Pair Corralation between MerVal and Bursa Malaysia

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

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See also your portfolio center. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.