Pair Correlation Between IPC and Russia TR

This module allows you to analyze existing cross correlation between IPC and Russia TR. You can compare the effects of market volatilities on IPC and Russia TR 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 Russia TR. See also your portfolio center. Please also check ongoing floating volatility patterns of IPC and Russia TR.
 Time Horizon     30 Days    Login   to change
 IPC  vs   Russia TR
 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, IPC is expected to under-perform the Russia TR. But the index apears to be less risky and, when comparing its historical volatility, IPC is 1.99 times less risky than Russia TR. The index trades about -0.3 of its potential returns per unit of risk. The Russia TR is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest  117,992  in Russia TR on January 26, 2018 and sell it today you would earn a total of  655.92  from holding Russia TR or generate 0.56% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between IPC and Russia TR


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density