Correlation Analysis Between NYSE and Seoul Comp

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

NYSE  vs.  Seoul Comp

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, NYSE is expected to generate 0.8 times more return on investment than Seoul Comp. However, NYSE is 1.24 times less risky than Seoul Comp. It trades about -0.02 of its potential returns per unit of risk. Seoul Comp is currently generating about -0.11 per unit of risk. If you would invest  1,245,727  in NYSE on October 20, 2018 and sell it today you would lose (7,351)  from holding NYSE or give up 0.59% of portfolio value over 30 days.

Pair Corralation between NYSE and Seoul Comp

-0.2
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy80.95%
ValuesDaily Returns

Diversification

NYSE diversification synergy

Good diversification

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

 Predicted Return Density 
      Returns 

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Alphabet
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ExchangeNASDAQ
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See also your portfolio center. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.


 
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