Correlation Analysis Between Russia TR and EURONEXT BEL-20

This module allows you to analyze existing cross correlation between Russia TR and EURONEXT BEL-20. You can compare the effects of market volatilities on Russia TR and EURONEXT BEL-20 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 Russia TR with a short position of EURONEXT BEL-20. See also your portfolio center. Please also check ongoing floating volatility patterns of Russia TR and EURONEXT BEL-20.
Horizon     30 Days    Login   to change
Symbolsvs

Russia TR  vs.  EURONEXT BEL-20

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Russia TR is expected to generate 2.2 times more return on investment than EURONEXT BEL-20. However, Russia TR is 2.2 times more volatile than EURONEXT BEL-20. It trades about 0.15 of its potential returns per unit of risk. EURONEXT BEL-20 is currently generating about -0.27 per unit of risk. If you would invest  113,167  in Russia TR on September 16, 2018 and sell it today you would earn a total of  7,511  from holding Russia TR or generate 6.64% return on investment over 30 days.

Pair Corralation between Russia TR and EURONEXT BEL-20

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Russia TR and EURONEXT BEL-20 in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on EURONEXT BEL-20 and Russia 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 Russia TR are associated (or correlated) with EURONEXT BEL-20. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EURONEXT BEL-20 has no effect on the direction of Russia TR i.e. Russia TR and EURONEXT BEL-20 go up and down completely randomly.
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Comparative Volatility

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