This module allows you to analyze existing cross correlation between Greece TR and Russell 2000 . You can compare the effects of market volatilities on Greece TR and Russell 2000 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 Russell 2000. See also your portfolio center. Please also check ongoing floating volatility patterns of Greece TR and Russell 2000.
Assuming 30 trading days horizon, Greece TR is expected to generate 0.99 times more return on investment than Russell 2000. However, Greece TR is 1.01 times less risky than Russell 2000. It trades about 0.14 of its potential returns per unit of risk. Russell 2000 is currently generating about 0.0 per unit of risk. If you would invest 52,165 in Greece TR on June 19, 2018 and sell it today you would earn a total of 1,513 from holding Greece TR or generate 2.9% return on investment over 30 days.
Pair Corralation between Greece TR and Russell 2000
Overlapping area represents the amount of risk that can be diversified away by holding Greece TR and Russell 2000 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Russell 2000 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 Russell 2000. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Russell 2000 has no effect on the direction of Greece TR i.e. Greece TR and Russell 2000 go up and down completely randomly.
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