Correlation Analysis 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.
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. In addition to that, IPC is 1.3 times more volatile than Russia TR. It trades about -0.17 of its total potential returns per unit of risk. Russia TR is currently generating about 0.04 per unit of volatility. If you would invest  119,144  in Russia TR on November 10, 2018 and sell it today you would earn a total of  2,400  from holding Russia TR or generate 2.01% return on investment over 30 days.

Pair Corralation between IPC and Russia TR

Time Period2 Months [change]
StrengthVery Weak
ValuesDaily Returns


IPC diversification synergy

Weak 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 

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