This module allows you to analyze existing cross correlation between NIKKEI 225 and Jakarta Comp. You can compare the effects of market volatilities on NIKKEI 225 and Jakarta Comp 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 NIKKEI 225 with a short position of Jakarta Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of NIKKEI 225 and Jakarta Comp.
Assuming 30 trading days horizon, NIKKEI 225 is expected to generate 0.75 times more return on investment than Jakarta Comp. However, NIKKEI 225 is 1.34 times less risky than Jakarta Comp. It trades about 0.11 of its potential returns per unit of risk. Jakarta Comp is currently generating about 0.02 per unit of risk. If you would invest 2,227,848 in NIKKEI 225 on June 19, 2018 and sell it today you would earn a total of 58,482 from holding NIKKEI 225 or generate 2.63% return on investment over 30 days.
Pair Corralation between NIKKEI 225 and Jakarta Comp
Overlapping area represents the amount of risk that can be diversified away by holding NIKKEI 225 and Jakarta Comp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Jakarta Comp and NIKKEI 225 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 NIKKEI 225 are associated (or correlated) with Jakarta Comp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jakarta Comp has no effect on the direction of NIKKEI 225 i.e. NIKKEI 225 and Jakarta Comp go up and down completely randomly.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.