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This module allows you to analyze existing cross correlation between Russia TR and DAX. You can compare the effects of market volatilities on Russia TR and DAX 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 DAX. See also your portfolio center. Please also check ongoing floating volatility patterns of Russia TR and DAX.
|Horizon||30 Days Login to change|
Predicted Return Density
Russia TR vs. DAX
Assuming 30 trading days horizon, Russia TR is expected to generate 1.14 times more return on investment than DAX. However, Russia TR is 1.14 times more volatile than DAX. It trades about 0.0 of its potential returns per unit of risk. DAX is currently generating about -0.1 per unit of risk. If you would invest 120,678 in Russia TR on November 14, 2018 and sell it today you would lose (425.00) from holding Russia TR or give up 0.35% of portfolio value over 30 days.
Pair Corralation between Russia TR and DAX
|Time Period||2 Months [change]|
Diversification Opportunities for Russia TR and DAX
Overlapping area represents the amount of risk that can be diversified away by holding Russia TR and DAX in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on DAX 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 DAX. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DAX has no effect on the direction of Russia TR i.e. Russia TR and DAX go up and down completely randomly.