Correlation Analysis Between Russia TR and Greece TR

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

Russia TR  vs.  Greece TR

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Russia TR is expected to generate 0.44 times more return on investment than Greece TR. However, Russia TR is 2.3 times less risky than Greece TR. It trades about 0.33 of its potential returns per unit of risk. Greece TR is currently generating about -0.01 per unit of risk. If you would invest  108,583  in Russia TR on August 22, 2018 and sell it today you would earn a total of  10,567  from holding Russia TR or generate 9.73% return on investment over 30 days.

Pair Corralation between Russia TR and Greece TR

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

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