Pair Correlation Between Israel Index and Bursa Malaysia

This module allows you to analyze existing cross correlation between Israel Index and Bursa Malaysia. You can compare the effects of market volatilities on Israel Index and Bursa Malaysia 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 Bursa Malaysia. See also your portfolio center. Please also check ongoing floating volatility patterns of Israel Index and Bursa Malaysia.
 Time Horizon     30 Days    Login   to change
Symbolsvs
 Israel Index  vs   Bursa Malaysia
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  183,828  in Bursa Malaysia on January 20, 2018 and sell it today you would earn a total of  0.00  from holding Bursa Malaysia or generate 0.0% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Israel Index and Bursa Malaysia
0.35

Parameters

Time Period1 Month [change]
DirectionPositive 
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns

Diversification

Weak diversification

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

 Predicted Return Density 
      Returns