Correlation Analysis Between Israel Index and DOW

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

Israel Index  vs.  DOW

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  2,575,869  in DOW on August 20, 2018 and sell it today you would earn a total of  48,827  from holding DOW or generate 1.9% return on investment over 30 days.

Pair Corralation between Israel Index and DOW

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.76%
ValuesDaily Returns

Diversification

Pay attention

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

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

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