Pair Correlation Between Greece TR and Seoul Comp

This module allows you to analyze existing cross correlation between Greece TR and Seoul Comp. You can compare the effects of market volatilities on Greece TR and Seoul 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 Seoul Comp. See also your portfolio center. Please also check ongoing floating volatility patterns of Greece TR and Seoul Comp.
Investment Horizon     30 Days    Login   to change
 Greece TR  vs   Seoul Comp
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Greece TR is expected to under-perform the Seoul Comp. In addition to that, Greece TR is 3.0 times more volatile than Seoul Comp. It trades about -0.08 of its total potential returns per unit of risk. Seoul Comp is currently generating about 0.2 per unit of volatility. If you would invest  249,049  in Seoul Comp on October 24, 2017 and sell it today you would earn a total of  5,252  from holding Seoul Comp or generate 2.11% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Greece TR and Seoul Comp


Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility