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.
 Time 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 under-perform the Stockholm. In addition to that, Russia TR is 2.36 times more volatile than Stockholm. It trades about -0.13 of its total potential returns per unit of risk. Stockholm is currently generating about -0.17 per unit of volatility. If you would invest  59,410  in Stockholm on May 21, 2018 and sell it today you would lose (1,599)  from holding Stockholm or give up 2.69% of portfolio value over 30 days.

Pair Corralation between Russia TR and Stockholm

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 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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See also your portfolio center. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.