Correlation Analysis Between MerVal and NYSE

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

MerVal  vs.  NYSE

 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, MerVal is expected to under-perform the NYSE. In addition to that, MerVal is 1.78 times more volatile than NYSE. It trades about -0.02 of its total potential returns per unit of risk. NYSE is currently generating about -0.02 per unit of volatility. If you would invest  1,243,942  in NYSE on October 14, 2018 and sell it today you would lose (9,591)  from holding NYSE or give up 0.77% of portfolio value over 30 days.

Pair Corralation between MerVal and NYSE

Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


MerVal diversification synergy

Weak diversification

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

Comparative Volatility

 Predicted Return Density 

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.