Correlation Analysis Between NIKKEI 225 and Swiss Mrt

This module allows you to analyze existing cross correlation between NIKKEI 225 and Swiss Mrt. You can compare the effects of market volatilities on NIKKEI 225 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 NIKKEI 225 with a short position of Swiss Mrt. See also your portfolio center. Please also check ongoing floating volatility patterns of NIKKEI 225 and Swiss Mrt.
 Time Horizon     30 Days    Login   to change
Symbolsvs

NIKKEI 225  vs.  Swiss Mrt

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, NIKKEI 225 is expected to generate 58.91 times less return on investment than Swiss Mrt. But when comparing it to its historical volatility, NIKKEI 225 is 1.02 times less risky than Swiss Mrt. It trades about 0.0 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 NIKKEI 225 and Swiss Mrt

0.9
Time Period1 Month [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification

Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding NIKKEI 225 and Swiss Mrt in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Swiss Mrt 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 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 NIKKEI 225 i.e. NIKKEI 225 and Swiss Mrt go up and down completely randomly.
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Comparative Volatility

 Predicted Return Density 
      Returns 

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See also your portfolio center. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.


 
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