Pair Correlation Between IPC and Swiss Mrt

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.
 Time Horizon     30 Days    Login   to change
 IPC  vs   Swiss Mrt
 Performance (%) 

Pair Volatility

Given the investment horizon of 30 days, IPC is expected to generate 1.08 times more return on investment than Swiss Mrt. However, IPC is 1.08 times more volatile than Swiss Mrt. It trades about 0.17 of its potential returns per unit of risk. Swiss Mrt is currently generating about -0.01 per unit of risk. If you would invest  4,863,454  in IPC on December 18, 2017 and sell it today you would earn a total of  109,776  from holding IPC or generate 2.26% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between IPC and Swiss Mrt


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 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.

Comparative Volatility

 Predicted Return Density