Correlation Analysis Between IPC and ATX

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

IPC  vs.  ATX

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, IPC is expected to under-perform the ATX. But the index apears to be less risky and, when comparing its historical volatility, IPC is 1.01 times less risky than ATX. The index trades about -0.18 of its potential returns per unit of risk. The ATX is currently generating about -0.1 of returns per unit of risk over similar time horizon. If you would invest  322,204  in ATX on November 13, 2018 and sell it today you would lose (29,215)  from holding ATX or give up 9.07% of portfolio value over 30 days.

Pair Corralation between IPC and ATX

Time Period2 Months [change]
ValuesDaily Returns


IPC diversification synergy

Poor diversification

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

Comparative Volatility

 Predicted Return Density 

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