Correlation Analysis Between Russia TR and Jakarta Comp

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

Russia TR  vs.  Jakarta Comp

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Russia TR is expected to generate 8.11 times less return on investment than Jakarta Comp. In addition to that, Russia TR is 1.79 times more volatile than Jakarta Comp. It trades about 0.02 of its total potential returns per unit of risk. Jakarta Comp is currently generating about 0.23 per unit of volatility. If you would invest  574,556  in Jakarta Comp on November 13, 2018 and sell it today you would earn a total of  43,216  from holding Jakarta Comp or generate 7.52% return on investment over 30 days.

Pair Corralation between Russia TR and Jakarta Comp

0.26
Time Period2 Months [change]
DirectionPositive 
StrengthVery Weak
Accuracy93.18%
ValuesDaily Returns

Diversification

Russia TR diversification synergy

Modest diversification

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

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions

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TGT - USA Stock
Target Corporation
Specialization
Consumer, Diversified Wholesale And Retail
RegionNorth America
ExchangeNew York Stock Exchange
$66.68

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