Correlation Analysis Between IPC and MerVal

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

IPC  vs.  MerVal

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, IPC is expected to under-perform the MerVal. In addition to that, IPC is 1.07 times more volatile than MerVal. It trades about -0.21 of its total potential returns per unit of risk. MerVal is currently generating about -0.06 per unit of volatility. If you would invest  2,959,818  in MerVal on October 15, 2018 and sell it today you would lose (105,475)  from holding MerVal or give up 3.56% of portfolio value over 30 days.

Pair Corralation between IPC and MerVal

-0.22
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy95.65%
ValuesDaily Returns

Diversification

IPC diversification synergy

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding IPC and MerVal in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on MerVal 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 MerVal. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of MerVal has no effect on the direction of IPC i.e. IPC and MerVal 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
$1036.05

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 Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.


 
Search macroaxis.com