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
NYSE vs. Seoul Comp
Given the investment horizon of 30 days, NYSE is expected to under-perform the Seoul Comp. In addition to that, NYSE is 1.06 times more volatile than Seoul Comp. It trades about -0.06 of its total potential returns per unit of risk. Seoul Comp is currently generating about 0.0 per unit of volatility. If you would invest 245,765 in Seoul Comp on March 27, 2018 and sell it today you would lose (883.98) from holding Seoul Comp or give up 0.36% of portfolio value over 30 days.
Pair Corralation between NYSE and Seoul Comp
|Time Period||2 Months [change]|
Very poor 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.
|IT, Search Cloud And Integrated IT Services|
|Business Address||1600 Amphitheatre Parkway|
See also your portfolio center
. Please also try Idea Breakdown
module to analyze constituents of all macroaxis ideas. macroaxis investment ideas are predefined, sector-focused investing themes.