Correlation Analysis Between NYSE and Jakarta Comp

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

NYSE  vs.  Jakarta Comp

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, NYSE is expected to under-perform the Jakarta Comp. In addition to that, NYSE is 1.09 times more volatile than Jakarta Comp. It trades about -0.16 of its total potential returns per unit of risk. Jakarta Comp is currently generating about 0.03 per unit of volatility. If you would invest  581,179  in Jakarta Comp on September 18, 2018 and sell it today you would earn a total of  3,345  from holding Jakarta Comp or generate 0.58% return on investment over 30 days.

Pair Corralation between NYSE and Jakarta Comp

0.57
Time Period1 Month [change]
DirectionPositive 
StrengthWeak
Accuracy95.65%
ValuesDaily Returns

Diversification

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding NYSE and Jakarta Comp in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Jakarta Comp 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 Jakarta Comp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jakarta Comp has no effect on the direction of NYSE i.e. NYSE and Jakarta Comp go up and down completely randomly.
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Comparative Volatility

 Predicted Return Density 
      Returns 

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KRG - USA Stock
Kite Realty Group Trust
Fama & French Trading
Trading
Fama & French Classification
RegionNorth America
ExchangeBATS Exchange
$0.0
Kite Realty Group Trust cannot be verified against its exchange. Apparently, Kite Realty is not available for investing at this time. Please verify the symbol is currently traded on BATS Exchange. If you still believe the symbol you are trying to look up is valid please let us know and we will check it as soon as possible.

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