Pair Correlation Between IPC and Stockholm

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

Pair Volatility

Given the investment horizon of 30 days, IPC is expected to under-perform the Stockholm. In addition to that, IPC is 1.51 times more volatile than Stockholm. It trades about -0.21 of its total potential returns per unit of risk. Stockholm is currently generating about -0.2 per unit of volatility. If you would invest  59,186  in Stockholm on October 22, 2017 and sell it today you would lose (1,287)  from holding Stockholm or give up 2.17% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between IPC and Stockholm


Time Period1 Month [change]
ValuesDaily Returns


Very weak diversification

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

Comparative Volatility

 Predicted Return Density