This module allows you to analyze existing cross correlation between Russia TR and NYSE. You can compare the effects of market volatilities on Russia TR and NYSE 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 NYSE. See also your portfolio center. Please also check ongoing floating volatility patterns of Russia TR and NYSE.
|Horizon||30 Days Login to change|
Predicted Return Density
Russia TR vs. NYSE
Assuming 30 trading days horizon, Russia TR is expected to generate 0.85 times more return on investment than NYSE. However, Russia TR is 1.18 times less risky than NYSE. It trades about 0.01 of its potential returns per unit of risk. NYSE is currently generating about 0.0 per unit of risk. If you would invest 143,537 in Russia TR on September 15, 2019 and sell it today you would earn a total of 280.00 from holding Russia TR or generate 0.2% return on investment over 30 days.
Pair Corralation between Russia TR and NYSE
|Time Period||3 Months [change]|
Diversification Opportunities for Russia TR and NYSE
Overlapping area represents the amount of risk that can be diversified away by holding Russia TR and NYSE in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on NYSE 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 NYSE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of NYSE has no effect on the direction of Russia TR i.e. Russia TR and NYSE go up and down completely randomly.
See also your portfolio center. Please also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .