Correlation Analysis Between Russia TR and Seoul Comp

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

Russia TR  vs.  Seoul Comp

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Russia TR is expected to generate 1.4 times more return on investment than Seoul Comp. However, Russia TR is 1.4 times more volatile than Seoul Comp. It trades about -0.08 of its potential returns per unit of risk. Seoul Comp is currently generating about -0.16 per unit of risk. If you would invest  110,988  in Russia TR on May 25, 2018 and sell it today you would lose (3,482)  from holding Russia TR or give up 3.14% of portfolio value over 30 days.

Pair Corralation between Russia TR and Seoul Comp

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 Seoul Comp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Seoul 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 Seoul Comp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Seoul Comp has no effect on the direction of Russia TR i.e. Russia TR and Seoul Comp go up and down completely randomly.
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Comparative Volatility

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See also your portfolio center. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.