Correlation Analysis Between NYSE and AEX Amsterdam

This module allows you to analyze existing cross correlation between NYSE and AEX Amsterdam. You can compare the effects of market volatilities on NYSE and AEX Amsterdam 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 NYSE with a short position of AEX Amsterdam. See also your portfolio center. Please also check ongoing floating volatility patterns of NYSE and AEX Amsterdam.
 Time Horizon     30 Days    Login   to change
Symbolsvs

NYSE  vs.  AEX Amsterdam

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, NYSE is expected to generate 0.8 times more return on investment than AEX Amsterdam. However, NYSE is 1.26 times less risky than AEX Amsterdam. It trades about -0.09 of its potential returns per unit of risk. AEX Amsterdam is currently generating about -0.15 per unit of risk. If you would invest  1,280,400  in NYSE on May 21, 2018 and sell it today you would lose (16,503)  from holding NYSE or give up 1.29% of portfolio value over 30 days.

Pair Corralation between NYSE and AEX Amsterdam

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

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See also your portfolio center. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.