Correlation Analysis Between IPC and Jakarta Comp

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

IPC  vs.  Jakarta Comp

 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, IPC is expected to generate 0.53 times more return on investment than Jakarta Comp. However, IPC is 1.89 times less risky than Jakarta Comp. It trades about -0.04 of its potential returns per unit of risk. Jakarta Comp is currently generating about -0.08 per unit of risk. If you would invest  4,974,956  in IPC on August 26, 2018 and sell it today you would lose (33,234)  from holding IPC or give up 0.67% of portfolio value over 30 days.

Pair Corralation between IPC and Jakarta Comp

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

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