This module allows you to analyze existing cross correlation between IPC and Swiss Mrt. You can compare the effects of market volatilities on IPC and Swiss Mrt 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 Swiss Mrt. See also your portfolio center
. Please also check ongoing floating volatility patterns of IPC
and Swiss Mrt
IPC vs. Swiss Mrt
Given the investment horizon of 30 days, IPC is expected to generate 1.19 times less return on investment than Swiss Mrt. But when comparing it to its historical volatility, IPC is 1.16 times less risky than Swiss Mrt. It trades about 0.26 of its potential returns per unit of risk. Swiss Mrt is currently generating about 0.26 of returns per unit of risk over similar time horizon. If you would invest 845,993 in Swiss Mrt on June 21, 2018 and sell it today you would earn a total of 53,141 from holding Swiss Mrt or generate 6.28% return on investment over 30 days.
Pair Corralation between IPC and Swiss Mrt
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding IPC and Swiss Mrt in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Swiss Mrt 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 Swiss Mrt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Swiss Mrt has no effect on the direction of IPC i.e. IPC and Swiss Mrt go up and down completely randomly.
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