This module allows you to analyze existing cross correlation between Greece TR and Jakarta Comp. You can compare the effects of market volatilities on Greece TR 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 Greece TR with a short position of Jakarta Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of Greece TR and Jakarta Comp.
|Horizon||30 Days Login to change|
Predicted Return Density
Greece TR vs. Jakarta Comp
Assuming 30 trading days horizon, Greece TR is expected to generate 2.57 times more return on investment than Jakarta Comp. However, Greece TR is 2.57 times more volatile than Jakarta Comp. It trades about 0.05 of its potential returns per unit of risk. Jakarta Comp is currently generating about -0.09 per unit of risk. If you would invest 55,389 in Greece TR on September 14, 2019 and sell it today you would earn a total of 1,452 from holding Greece TR or generate 2.62% return on investment over 30 days.
Pair Corralation between Greece TR and Jakarta Comp
|Time Period||3 Months [change]|
Diversification Opportunities for Greece TR and Jakarta Comp
Overlapping area represents the amount of risk that can be diversified away by holding Greece TR and Jakarta Comp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Jakarta Comp 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 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 Greece TR i.e. Greece TR and Jakarta Comp go up and down completely randomly.
See also your portfolio center. Please also try Idea Breakdown module to analyze constituents of all macroaxis ideas. macroaxis investment ideas are predefined, sector-focused investing themes.