Correlation Analysis Between NIKKEI 225 and Taiwan Wtd

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

NIKKEI 225  vs.  Taiwan Wtd

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in NIKKEI 225 on September 16, 2018 and sell it today you would earn a total of  0.00  from holding NIKKEI 225 or generate 0.0% return on investment over 30 days.

Pair Corralation between NIKKEI 225 and Taiwan Wtd

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.55%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding NIKKEI 225 and Taiwan Wtd in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Taiwan Wtd 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 Taiwan Wtd. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Taiwan Wtd has no effect on the direction of NIKKEI 225 i.e. NIKKEI 225 and Taiwan Wtd go up and down completely randomly.
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Comparative Volatility

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