Correlation Analysis Between Russia TR and Stockholm

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

Russia TR  vs.  Stockholm

 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Russia TR is expected to generate 1.12 times more return on investment than Stockholm. However, Russia TR is 1.12 times more volatile than Stockholm. It trades about 0.01 of its potential returns per unit of risk. Stockholm is currently generating about -0.04 per unit of risk. If you would invest  120,678  in Russia TR on November 13, 2018 and sell it today you would earn a total of  339.00  from holding Russia TR or generate 0.28% return on investment over 30 days.

Pair Corralation between Russia TR and Stockholm

0.22
Time Period2 Months [change]
DirectionPositive 
StrengthVery Weak
Accuracy100.0%
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 Stockholm in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Stockholm 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 Stockholm. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Stockholm has no effect on the direction of Russia TR i.e. Russia TR and Stockholm go up and down completely randomly.
    Optimize

Comparative Volatility

 Predicted Return Density 
      Returns 

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1058.05

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Cryptocurrency Arbitrage module to find pairs of digital assets on multiple exchanges that are traded at a risk free arbitrage.


 
Search macroaxis.com