Correlation Analysis Between IPC and Hang Seng

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

IPC  vs.  Hang Seng

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, IPC is expected to under-perform the Hang Seng. In addition to that, IPC is 1.2 times more volatile than Hang Seng. It trades about -0.17 of its total potential returns per unit of risk. Hang Seng is currently generating about 0.06 per unit of volatility. If you would invest  2,526,637  in Hang Seng on November 9, 2018 and sell it today you would earn a total of  79,739  from holding Hang Seng or generate 3.16% return on investment over 30 days.

Pair Corralation between IPC and Hang Seng

Time Period2 Months [change]
ValuesDaily Returns


IPC diversification synergy

Good diversification

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

Comparative Volatility

 Predicted Return Density 

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See also your portfolio center. Please also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.