Correlation Analysis Between IPC and Bursa Malaysia

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

IPC  vs.  Bursa Malaysia

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, IPC is expected to generate 0.98 times more return on investment than Bursa Malaysia. However, IPC is 1.02 times less risky than Bursa Malaysia. It trades about 0.18 of its potential returns per unit of risk. Bursa Malaysia is currently generating about -0.02 per unit of risk. If you would invest  4,666,087  in IPC on June 18, 2018 and sell it today you would earn a total of  204,376  from holding IPC or generate 4.38% return on investment over 30 days.

Pair Corralation between IPC and Bursa Malaysia

0.76
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy70.0%
ValuesDaily Returns

Diversification

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding IPC and Bursa Malaysia in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bursa Malaysia 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 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 IPC i.e. IPC and Bursa Malaysia go up and down completely randomly.
    Optimize

Comparative Volatility

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1198.8

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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.