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

If you would invest  60,631  in Stockholm on August 24, 2018 and sell it today you would earn a total of  704.00  from holding Stockholm or generate 1.16% return on investment over 30 days.

Pair Corralation between Russia TR and Stockholm

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.55%
ValuesDaily Returns

Diversification

Pay attention

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.
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Comparative Volatility

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