Correlation Analysis Between Greece TR and BSE

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

Greece TR  vs.  BSE

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Greece TR is expected to generate 5.32 times more return on investment than BSE. However, Greece TR is 5.32 times more volatile than BSE. It trades about -0.03 of its potential returns per unit of risk. BSE is currently generating about -0.26 per unit of risk. If you would invest  48,385  in Greece TR on August 20, 2018 and sell it today you would lose (1,534)  from holding Greece TR or give up 3.17% of portfolio value over 30 days.

Pair Corralation between Greece TR and BSE

0.85
Time Period1 Month [change]
DirectionPositive 
StrengthStrong
Accuracy95.65%
ValuesDaily Returns

Diversification

Very poor diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1169.73

Thematic Opportunities

Explore Investment Opportunities

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.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.


 
Search macroaxis.com