Correlation Analysis Between Israel Index and Swiss Mrt

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

Israel Index  vs.  Swiss Mrt

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Israel Index is expected to generate 1.19 times more return on investment than Swiss Mrt. However, Israel Index is 1.19 times more volatile than Swiss Mrt. It trades about 0.0 of its potential returns per unit of risk. Swiss Mrt is currently generating about -0.22 per unit of risk. If you would invest  109,792  in Israel Index on May 22, 2018 and sell it today you would lose (847.21)  from holding Israel Index or give up 0.77% of portfolio value over 30 days.

Pair Corralation between Israel Index and Swiss Mrt

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy7.67%
ValuesDaily Returns

Diversification

Pay attention

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

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My Current Equities and Potential Positions
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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1157.66

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